Introducing Trial Funds (User Guide & FAQ) – Toobit

1. What are Trial Funds?

Trial Funds, which are provided by Toobit , are a promotional voucher that enables users to explore USDT-margined perpetual futures trading with little to no personal investment. It covers position opening costs, trading fees, and funding fees, and even offsets trading losses.

The funds can be used across multiple trades, with unused balances remaining intact after closing positions. However, it is non-withdrawable as an account asset. Ideal for both beginners and experienced traders, Trial Funds offer a low-risk opportunity to engage in futures trading and optimize your market participation.

2. What to take note of when using Trials Funds?

If your trial funds status shows "Pending Claim," you can only claim after meeting the requirements.
To claim your trial funds, click "Claim" to transfer the voucher to your futures account. You can also view it on the trading page.
Note that you can only use one trial funds voucher at a time. If you have an active trial fund, you need to complete its use before claiming another. Please ensure the fund is fully claimed and used within its validity period to avoid expiration.

3. What are the different statuses of a position voucher?

Frozen Status: If your account does not meet the eligibility criteria after receiving trial funds, the status will read as "Frozen."
To unlock your trial funds, you must meet one or more of the following conditions:

4. What are the restrictions when using Trial Funds?

Only one trial fund voucher can be used per trade. Multiple trial funds cannot be combined for one trade.
Asset transfers between your Spot Account and Futures Account may be subject to specific limitations based on the type of Trial Funds. Transferring assets while using a voucher may result in immediate invalidation. Please read the information carefully when transferring funds.
The usage of Trial Funds for trading fee deductions depends on the type of fees. It can be used to cover opening margins, funding fees, and losses, which have been mentioned in the Trial Funds' terms and conditions. However, note that Trial Funds cannot be used to offset fees calculated based on futures margin prices.
Trading Restrictions:
- Applicable only for Futures Trading.
- Vouchers can be used for all futures pairs.
- Trial Funds can be applied to any leverage setting.

5. When do Trial Funds expire?

Trial Funds may expire under the following conditions:
- When it reaches its designated expiration date.
- The full amount of the Trial Funds have been used.
- Transferring funds from a Futures account to a Spot account or initiating a withdrawal could potentially result in the system recovering the trial fund partially or fully. The exact amount of the recovery can be found on the page displaying the relevant information.
Opening Cost: Users are required to contribute a proportion of the principal (from 0% to 100%), based on the specific terms of Trial Funds issued.
Ensure Trial Funds are claimed and used within the designated time frame, as it will expire if not utilized within the specified period.

6. How to Use Trial Funds - User Guide

6.1 Locate Trial Funds Voucher

Users can obtain Trial Fund vouchers from participating events. Then, the vouchers can be found in your profile under My Vouchers.

For App: Go to Homepage, click your avatar in the upper left corner, click on My Rewards
For Web: Homepage, tap the avatar icon in the upper right corner, tap My Vouchers

（APP）

（Web）

You can also view it on the trading page.

6.2 Claim the Trial Fund Voucher

Trial Funds in the Voucher Center must be "Claimed" before it can be used for trading. (Eligibility to claim depends on meeting specific requirements, such as asset balance, PNL, and trading volume, based on the fund’s conditions. Please read more above)

6.3 Using Trial Funds

Click "Open" on the left on the perpetual futures trading page and select the applicable trial fund from the available options.

Set your order type, leverage, and cost, and choose your trading direction to open a position.

6.4 Checking your Trial Funds' details after Closing a Position

After closing a position, users are encouraged to check details such as trading fees and funding fees in the "Transaction History" section to see how Trial Funds were used.

7. Trial Funds FAQ

Q1: How can I check the details of my Trial Funds?

You can view your trial funds amount and usage terms in the Rewards Hub - Rewards Center.
Unlocked trial funds can also be accessed from the futures trading page.

Q2: What does it mean if my trial funds status is "Frozen"?

The "Frozen" status indicates that your account does not meet the criteria required to unlock trial funds. You will need to fulfill the specified asset, PNL, or trading volume requirements.

Q3: How do I claim my trial funds?

If the trial funds status is "Pending Claim," simply click "Claim" to transfer it to your futures account within the validity period.

Q4: Can I use multiple trial funds simultaneously?

No, only one trial fund voucher can be used per futures account at a time. Please ensure that any active trial fund is fully utilized before claiming another voucher.

Q5: What happens if I fail to meet the unlocking conditions?

If the unlocking conditions are not met, trial funds will remain frozen until the required criteria are fulfilled.

Q6: What restrictions apply to trial funds?

Trial funds are exclusively for futures trading. It is applicable to all pairs, with no leverage restrictions.

Additional Notes：

In the event of malicious attempts to exploit Trial Funds, Toobit reserves the right to take appropriate actions against the involved account to recover any incurred losses. Toobit retains the final authority over the interpretation of Trial Funds.
In practice, it is crucial to stay calm and rational, avoiding unnecessary risks from excessive profit-seeking. Improving futures trading knowledge and skills is key to effectively utilizing Trial Funds.