USDTB is a special bonus asset designed to collateralize futures positions on the WhiteBIT exchange. It is displayed exclusively in the Collateral Balance, which serves as the foundation for opening futures contracts, and has several specific usage features.
USDTB allows for an increase in collateral volume for futures trades and helps minimize risks. Its main advantage is the ability to convert it into real USDT after successful trading. However, this asset can only be used for specific tasks within the scope of futures trading.
USDTB usage features
USDTB is applied solely for collateralizing futures positions (you can learn more about futures trading on our exchange by following this link). It appears in the Collateral Balance and can be used under the following conditions:
- If there are other assets on the Collateral Balance, such as regular USDT or other cryptocurrencies, USDTB will be used as collateral only after other assets are used.
- To use USDTB for full position collateralization, there must be no other assets in the balance.
Note: USDTB can only be obtained as a deposit from the WhiteBIT platform as a reward. This means that users cannot purchase or exchange this asset. It is provided by the exchange as part of special bonus programs or promotions.
You can find more information about activities on our platform in our article “WhiteBIT Activities”.
Benefits of USDTB
The result of trading on futures contracts directly affects the balance of USDTB:
- Positive result (rP&L): If trading results in a profit, the realized profit is credited to the Collateral Balance in USDT.
- Negative result: In case of a loss, the losses are covered by deducting bonus USDTB from the user's Collateral Balance.
Limitations on USDTB
When using USDTB, it is important to note the following limitations:
- It cannot be transferred to other balances. USDTB is only available in the Collateral Balance and cannot be transferred to the Main Balance or used for other types of trading.
- Withdrawals or transfers are not available. The asset cannot be withdrawn to an external wallet or transferred to other users.
- Margin trading is not possible using USDTB.
- Crypto loans cannot be collateralized with USDTB.
- Transfers to subaccounts are not available for this asset.
Support
In case of any questions related to the functionality of our exchange, you can:
- Leave a request on our website;
- Write to the support email: support@whitebit.com;
- Write to the chat using the button
in the lower right corner of the screen (in the upper right corner of the WhiteBIT app, click
).