What is the USDTB token?

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 in the first instance.
  • To use USDTB for full position collateralization, there must be no other assets in the balance.


USDTB is not a perpetual asset, it has a specific expiration date depending on the type. There are 2 types of USDTB:

  • with a default expiration date of 30 calendar days. If these tokens are used in futures trading, they are not removed from the balance even if more than 30 days have passed and these USDTB are used as collateral in an active position;
  • with a custom expiration date (often, these are tokens intended for participation in activities). If you use such tokens, for example, a minute before the expiry date, they will switch to the status of 30-day USDTB.


Please note: You will be notified of the expiry of both asset types 24 hours before the funds are debited. USDTBs with a shorter expiry date (closer to the expiry date) will be used in priority for the needs of futures trading.

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”.

Automatic USDTB Accrual

The USDTB bonus is automatically credited to users after fulfilling the campaign conditions. The appropriate page lists all the activities for which this bonus can be earned.

Please note that only users who have access to futures trading can view this page. 

There are 3 types of triggers:

  1. Deposit – instant accrual after meeting the condition;
  2. Collateral transfer – instant accrual;
  3. Trading volume (spot/futures) – accrual occurs every 12 hours.

Conditions:

  • USDTB is credited only to users who have passed KYC verification on their main account (sub-accounts are currently not eligible);
  • Bonuses and status are displayed in the user’s transaction history;
  • USDTB is stored in a separate bonus balance;
  • Unused bonuses are automatically removed after the expiration date.

Conditions under which the bonus is not credited

The bonus is not credited if:

  • KYC verification has not been completed on the account;
  • The campaign has ended or its budget has been exhausted;
  • The user is a citizen or resident of a country that is not eligible to participate in the promotion.

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.
  • When withdrawing any assets from the exchange to external wallets, all USDTB on the user's balance will be deducted. Before the withdrawal, the system will display a warning window confirming the deduction of all available USDTB during this transaction. After you confirm this transaction, all free USDTB bonuses will be completely canceled.

    Please note: this restriction applies only to withdrawals from the WhiteBIT exchange to external wallets and does not include transfers between internal WhiteBIT wallets. This restriction also does not affect USDTB funds placed in active positions.

    Additional nuance: if the withdrawal is made before USDTB is credited, the bonuses are not deducted. However, if you make a subsequent deposit to your account balance with active USDTB bonuses, these bonuses will be canceled.

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 ).

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