One of the biggest concerns people have about copy trading futures is simple: “What if I lose money?” Bitget has a direct answer to that — two protection mechanisms designed specifically for new copy traders: the First Loss Coverage Voucher and the Liquidation Coverage Voucher.
These aren’t gimmicks or “free trading” promotions. They are genuine risk buffers — if your first copied trade loses money, or if your first position gets liquidated, Bitget reimburses the loss amount in the form of copy trading experience vouchers, giving you a real second chance. This guide explains exactly how they work, how to claim them, and what the fine print says.
- What the First Loss and Liquidation Coverage Vouchers are
- How to claim and use them
- Eligibility conditions and important restrictions
- What happens to the reimbursement (copy trading vouchers explained)
- FAQ
Both Vouchers at a Glance
| Voucher Type | Trigger Condition | What Gets Reimbursed | Maximum Coverage | Eligible Mode |
|---|---|---|---|---|
| First Loss Coverage | First losing trade within the validity period | Full loss amount | Voucher face value | Smart Copy (Futures only) |
| Liquidation Coverage | First liquidation within the validity period | Full liquidated amount | Voucher face value | Smart Copy (Futures only) |
- Both vouchers only apply to Smart Copy mode futures copy trading — not Diverse Copy mode or spot copy trading
- Reimbursement is paid as copy trading experience vouchers, not USDT — these can only be used for copy trading and cannot be withdrawn
- Both vouchers are App-only — they cannot be claimed or used on the web platform
First Loss Coverage Voucher — Explained
What Is the First Loss Coverage Voucher?
The First Loss Coverage Voucher reimburses your first losing copy trade within the voucher’s validity period. If you’re using Smart Copy mode for futures copy trading and your first trade closes at a loss, Bitget pays back the full loss amount in copy trading experience vouchers — up to the voucher’s face value.
Example: You claim a 50 USDT First Loss Coverage Voucher. During the validity period, your first copied position closes at a 30 USDT loss. Bitget reimburses 30 USDT as copy trading experience vouchers within one week. If the loss exceeds 50 USDT, the maximum payout is 50 USDT.
First Loss Voucher Conditions
- Must be using Smart Copy mode for futures copy trading
- Both the opening and closing of the first losing position must occur within the validity period
- If copying multiple traders, the first losing trade across all of them triggers the reimbursement
- Reimbursement issued within one week of the loss occurring
Liquidation Coverage Voucher — Explained
What Is the Liquidation Coverage Voucher?
The Liquidation Coverage Voucher reimburses your first liquidation event within the validity period. If a copied position gets fully liquidated (margin goes to zero), Bitget pays back the full liquidated amount in copy trading experience vouchers — up to the voucher’s face value.
Example: You claim a 100 USDT Liquidation Coverage Voucher. During the validity period, a copied position gets liquidated and you lose 80 USDT. Bitget reimburses 80 USDT as copy trading experience vouchers within one week. If the liquidation loss exceeds 100 USDT, the maximum payout is 100 USDT.
Liquidation Voucher Conditions
- Must be using Smart Copy mode for futures copy trading
- The liquidation must occur within the voucher’s validity period
- If copying multiple traders, the first liquidation event across all of them triggers the reimbursement
- Reimbursement issued within one week of the liquidation occurring
How to Claim These Vouchers
Both vouchers are App-only — the web platform does not support claiming or using them. Open the Bitget App and navigate to the “Discover” page to check for available voucher campaigns.
Each voucher has a collection deadline — you must tap “Claim” before this date. Unclaimed vouchers expire automatically. After claiming, the voucher is saved to your voucher center.
Go to “Profile” → “Voucher Center” → “Available Vouchers” to confirm the voucher has been successfully claimed and check its usage validity period.
Within the voucher’s usage validity period, use Smart Copy mode for futures copy trading. If the protection condition is triggered (first loss or first liquidation), the reimbursement process starts automatically.
Each voucher has two separate deadlines: ① the collection deadline (you must claim by this date) and ② the usage validity period (the protection must be triggered within this window after claiming). Check both carefully.
After the protection condition is triggered, Bitget issues the reimbursement as copy trading experience vouchers within one week. Check the “Voucher Center” or “Discover” page to view and claim the payout vouchers.
What Are Copy Trading Experience Vouchers?
The reimbursement comes as copy trading experience vouchers — not direct USDT. These vouchers can be used for:
- Opening margin for copy trades
- Trading fee offsets
- Funding rate payments
- Loss offsets on copy trades
- Experience vouchers cannot be withdrawn or transferred — they can only be used for copy trading
- Vouchers have a usage expiry date — unused amounts expire after the deadline
- Once a voucher is applied to a copy trade, it cannot be cancelled
