1.What is the Loss Coverage for Copier?
1）The Loss Coverage for Copier is issued by the official platform to enable users to explore Futures Copy Trading. 2）The Loss Coverage covers losses on your first copy trading position when used, until the position is closed by the lead trader.
| Issue Method | Directly issued by the official platftom and manually claimed by users. |
|---|---|
| Loss Coverage Amount & Unit | The loss coverage is measured in USDT, and the amount is detemined according to the official settings. |
| Expiration Date | The validity period of loss coverage, for example, is 2025-08-10. |
| Trader Limits | Available for designated traders, and only one voucher is allowed to be used for each lead trader. |
| Mode Llmits | Only supported in Smart copying mode, and take profit and stop loss cannot be set. |
2.How to view the Loss Coverage for Copier?
How to view: Gate App homepage > Top left corner profile > Vouchers > Available Vouchers > Loss Coverage for Copier
3.Usage and Compensation Conditions of the Loss Coverage for Copier
1）The Loss Coverage has a valid period, which can be used when copying designated traders in copy trading; 2）The Loss Coverage only covers the first position opened after starting copy trading with it; 3）Your position must remain in the copy until it closes and if the position is closed at a loss, the coverage will be triggered; 4）If you cancel the copy trading after using the Loss Coverage, it will automatically become invalid, and the coverage will be voided.
4.Important Usage Instructions
Q1: Why did my Loss Coverage for Copier become invalid after I claimed it? A1: The Loss Coverage for Copier has a time limit before use. Please ensure that you use it within its validity period. Once used in copy trading, the expiry date will no longer apply.
Q2: Why did my position incur a loss, despite being covered by the Loss Coverage, and I didn't receive compensation? A1: Compensation only applies to losses caused by the lead trader's manual or forced position closure. 1）Manual Closure: The lead trader voluntarily closes the position, and the user follows suit by closing their position. 2）Forced Closure: This occurs when the lead trader's position is liquidated, such as in cases of insufficient margin or other uncontrollable factors, and the user's position is subsequently closed as well. A2: Compensation is not provided for other factors, including but not limited to the following scenarios: 1）The user voluntarily stops copying trading; 2）When the user starts copying the lead trader, and the trader neither opens a position nor maintains the copy trading relationship with the user.
*The Loss Coverage is now available on the app, with the web version coming soon. Stay tuned!
5.Disclaimer
1）If malicious coupon exploitation or other fraudulent activities are discovered, the platform reserves the right to take strict action against the involved accounts; 2）Gate reserves the final interpretation rights of the Loss Coverage for Copier. The validity period of loss coverage, for example, is 2025-08-10.
