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Understanding Vouchers

Today, I’ll be writing about vouchers—this, along with some future writings, is inspired by various issues raised by fellow members on Square.

(Note: There is no request or obligation to follow, like, comment, or share. I firmly believe that quality and truth will always prevail.)

Let’s begin.

A voucher is a type of discount or free coupon designed to attract customers.

On Binance, there are two main types of vouchers:

1. Token Vouchers – These function as real money and can be used for all types of trades.

2. Trading Fee Rebate Vouchers – These can only be used to refund the trading fees you pay (usually, spot and futures fee rebate vouchers are different, and their specific use is mentioned on the voucher itself).

Additionally, there are some less common vouchers labeled "First Trade Loss Protection" or "Loss Protection". These are rarely used, but as the name suggests, they offer some form of protection against initial trading losses.

Feel free to ask any questions!

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