1. Service Description

Bifu Trading Credit is a trading benefit service provided by Bifu to eligible users. After opening a Trading Credit Account, users may transfer their own funds into the Trading Credit Account, and Bifu will allocate Trading Credit to users at a certain ratio in accordance with platform rules.

Trading Credit may only be used as trading margin or trading benefit support for products designated by Bifu. It does not constitute the user’s real assets and cannot be withdrawn, transferred out, exchanged, or used for any business scenario not made available by the platform.

Before applying for, opening, or using the Trading Credit service, users should carefully read and fully understand these Service Terms. Once a user clicks confirm, checks the consent box, opens a Trading Credit Account, or actually uses the Trading Credit service, the user shall be deemed to have read, understood, and agreed to comply with these Terms.

2. Eligibility Requirements

Users who apply to open a Trading Credit Account must meet the eligibility requirements set by Bifu, including but not limited to:

1. The user has completed the identity verification required by the platform;
2. The user’s account is in normal status and is not subject to freezing, trading restrictions, withdrawal restrictions, or other abnormal conditions;
3. The user’s account assets meet the minimum asset requirement set by the platform;
4. The user’s country or region supports the use of relevant Bifu trading services;
5. The user has not been identified by the platform’s risk control system as an abnormal account, high-risk account, or violating account;
6. The user agrees to and complies with these Service Terms and other relevant Bifu platform rules.

Bifu has the right to adjust the eligibility requirements for Trading Credit Accounts based on business strategy, risk control, regulatory requirements, or system rules, and has the right to reject applications from users who do not meet the requirements.

3. Trading Credit Allocation Rules

After a user transfers their own funds into the Trading Credit Account, Bifu will allocate Trading Credit according to the ratio currently configured by the platform. The specific allocation ratio, minimum transfer amount, maximum Trading Credit limit per user, applicable product scope, and other rules shall be subject to the information displayed on the relevant page or announced by the platform.

Example: If the current allocation ratio is 1:1, and the user transfers 100 USDT into the Trading Credit Account, the platform will allocate 100 USDT in Trading Credit, and the account’s total equity will be displayed as 200 USDT according to the applicable rules.

Once Trading Credit is allocated, it is only used to increase the available margin or account benefits of the user’s Trading Credit Account. It does not mean that Bifu is granting the user withdrawable assets.

4. Scope of Use

Trading Credit may only be used for trading products designated by Bifu. Unless expressly made available by the platform, Trading Credit may not be used for the following purposes:

1. Withdrawal;
2. Transfer to other accounts;
3. Exchange into other assets;
4. Transfer to other users;
5. Trading of non-designated products;
6. Arbitrage, cash-out activities, wash trading, matched trading, volume manipulation, or other prohibited activities.

If a user violates the rules on the use of Trading Credit, Bifu has the right to restrict the user from continuing to use the service and may take measures including but not limited to recovering Trading Credit, freezing the account, canceling gains, and restricting trading in accordance with platform rules.

5. Profit and Loss Rules

When a user trades through the Trading Credit Account, any profit or loss generated from trading will be included in the overall equity of the Trading Credit Account.

If trading generates profits, the profit shall belong to the user after deducting the Trading Credit to be recovered by the platform, relevant trading fees, and other applicable charges. The specific amount available for transfer or withdrawal shall be subject to the calculation result of the platform system.

If trading generates losses, such losses will affect the equity of the Trading Credit Account. If the account losses reach the risk control conditions set by the platform, Bifu has the right to take measures in accordance with platform rules, including but not limited to risk alerts, restricting the opening of new positions, recovering Trading Credit, forced liquidation, and freezing the Trading Credit Account.

6. Trading Credit Recovery Rules

Bifu has the right to recover all or part of the Trading Credit in the user’s Trading Credit Account under any of the following circumstances:

1. The user’s account triggers the platform’s risk control rules;
2. The Trading Credit Account losses reach the threshold set by the platform;
3. The user engages in abnormal activities such as prohibited trading, arbitrage, cash-out activities, wash trading, or matched trading;
4. The user’s account is identified as an abnormal account or high-risk account;
5. The user applies to close the Trading Credit Account;
6. Platform rules, business policies, or regulatory requirements are adjusted;
7. Other reasonable circumstances where Bifu deems it necessary to recover Trading Credit.

After Trading Credit is recovered, the platform will adjust the user’s Trading Credit Account asset display, available margin, position status, and related transaction records according to the actual situation.

7. Forced Liquidation and Risk Control

The user understands and agrees that the Trading Credit service may increase the account’s available margin, but it may also increase trading risk.

When the equity, margin ratio, loss ratio, or other risk control indicators of the Trading Credit Account reach the risk threshold set by Bifu, Bifu has the right to take the following measures without obtaining further confirmation from the user:

1. Send risk alerts;
2. Restrict the user from opening new positions;
3. Recover all or part of the Trading Credit;
4. Force-liquidate positions in the Trading Credit Account;
5. Freeze or close the Trading Credit Account;
6. Take other risk control measures that the platform considers necessary.

Due to market volatility, insufficient liquidity, network latency, system processing time, price gaps, or other factors, the result of forced liquidation may differ from the user’s expectations. Any resulting losses shall be borne by the user.

8. User Undertakings

When using the Trading Credit service, the user undertakes to:

1. Provide true, accurate, and complete account information;
2. Not use Trading Credit for any illegal, prohibited, or abnormal trading activities;
3. Not circumvent platform rules through multiple accounts, associated accounts, false identities, or other means;
4. Not obtain improper benefits through arbitrage, cash-out activities, wash trading, market manipulation, or other methods;
5. Independently assess trading risks and bear the trading results;
6. Comply with all relevant rules, announcements, and risk disclosures issued by the Bifu platform.

If the user violates the above undertakings, Bifu has the right to cancel the user’s eligibility to use Trading Credit and reserves the right to pursue relevant liabilities.

9. Service Adjustment and Termination

Bifu has the right to adjust, suspend, or terminate the Trading Credit service based on business development, market conditions, risk control, regulatory requirements, or system maintenance needs, including but not limited to:

1. Adjusting eligibility requirements;
2. Adjusting the allocation ratio;
3. Adjusting the applicable product scope;
4. Adjusting risk control thresholds;
5. Suspending the service for some or all users;
6. Terminating the Trading Credit service.

If there is any material adjustment to the service rules, Bifu will notify users through page prompts, in-app messages, announcements, or other reasonable means. If the user continues to use the Trading Credit service, the user shall be deemed to have agreed to the adjusted rules.

10. Disclaimer

The Trading Credit service does not constitute any investment advice, return commitment, principal protection commitment, or risk guarantee. Users should participate in trading cautiously based on their own risk tolerance.

To the extent permitted by law, Bifu shall not be liable for user losses caused by:

1. The user’s own trading decisions;
2. Severe market price fluctuations;
3. The user’s failure to pay attention to the account risk status in a timely manner;
4. The user’s violation of platform rules, resulting in Trading Credit recovery or account restrictions;
5. Network failures, system maintenance, third-party service abnormalities, or other reasons not attributable to the platform;
6. Laws and regulations, regulatory policies, force majeure, or other circumstances beyond the platform’s reasonable control.

11. Interpretation and Application of Terms

These Service Terms form part of the Bifu Platform User Agreement, trading rules, risk disclosures, and other relevant rules. If there is any inconsistency between these Terms and other rules, the specific rules applicable to the Trading Credit service shall prevail.

Bifu reserves the right to interpret, amend, and update these Service Terms to the extent permitted by law. Users should pay attention to relevant platform pages, announcements, or notices in a timely manner. Continued use of the Trading Credit service shall be deemed acceptance of the updated Terms.

12. Risk Warning

Trading involves risks. Using Trading Credit may amplify fluctuations in account profits and losses. Trading Credit does not constitute the user’s real assets, cannot be withdrawn or transferred out, and does not represent any guarantee by the platform regarding the user’s trading results.

Before opening and using the Trading Credit service, users should fully understand the relevant rules and risks and make prudent decisions based on their own circumstances.