What are BitradeX Event Contracts?
An Event Contract is an innovative trading product based on directional judgment of market price results. Users only need to predict the price trend direction, select "Call" or "Put" to participate in trading, without complex operations. When the market result matches your prediction, you can receive the corresponding reward; if the prediction is wrong, there is no leverage risk, and the risk range is clear and controllable.
Compared with traditional trading models, Event Contracts feature:
Simpler trading logic, lowering the entry barrier
Support for short-cycle market judgment, more flexible trading rhythm
Focus on hot market trends and key market events
More suitable for trend judgment and market participation
What is the BitradeX Event Contract Reward Fund?
The BitradeX Event Contract Reward Fund is a long-term user reward mechanism established by the platform to reward Event Contract users. While participating in Event Contract predictions, users can earn draw attempts after meeting specified conditions, with the chance to win random USDT, free-order vouchers, multiplier vouchers, random points, and a 2% - 10% percentage-based reward from the Reward Fund in the Community Reward Grand Draw.
This mechanism includes two types of rewards: the "Regular Draw" and the "Community Reward Grand Draw." Users can obtain Regular Draw attempts through consecutive successful predictions, cumulative completed prediction rounds, cumulative draw points, and other methods. After completing a cumulative total of 100 Event Contract prediction rounds, users can also earn a Community Reward Grand Draw attempt.
To learn more about specific draw conditions, reward types, and distribution rules, please check: https://help.bitradex.ai/hc/en-001/articles/16581007556879
Which underlying assets and regions are currently supported?
Currently, official support includes two trading pairs: Gold and Oil. The feature is only available to users in certain countries/regions; please refer to the latest announcement for details.
Where can I trade? What version is required?
Trading is only available on the
BitradeX App [Futures] page. iOS requires at least version V1.2.8, and Android requires at least version V1.2.8. Please update to the latest version to ensure proper usage.
Do I need to open a contract account?
You must activate a futures account before you can use funds from your spot account or USDT-margined futures account for trading.
Trading Costs and Rules
What is the trading threshold and cost?
The minimum per order is 5 USDT. You only need to pre-pay the contract premium. There is no margin required and no extra handling fees; costs are fixed and controllable.
Can I close or cancel a position early?
No. Once opened, the position must be held until expiration. You cannot close, modify, or cancel the order midway.
How is settlement conducted? How is profit/loss calculated?
All settlements are in USDT. At expiration, if the direction is correct, the bonus is credited directly to the payment account; if incorrect, the initially paid contract premium is lost.
How is the settlement price determined?
It is automatically determined based on the Index Price of the underlying asset at contract expiration, not the latest market transaction price.
Risk Control and Limits
Is API or PC supported?
API and the PC web version are not supported. Operations can only be performed on the mobile App.
Risk and Support
How can I view trades and history?
During trading, monitor in the App [Futures] - [Positions] page; after expiration, view in the [History] page, which shows the opening price, expiration settlement price, and P&L details.
How do I contact customer support for issues?
Open the BitradeX App → Tap [Support] → Select [Event Contract Issues]; or visit the official website [Support Center] to submit a ticket.
