Buying Bitcoin for the first time can be both exciting and nerve-wracking—especially when market volatility threatens your investment value. That’s why OKX is offering a special protection program designed to give new buyers confidence during their first purchase. If the price of Bitcoin drops after your initial buy, OKX has your back with a limited-time subsidy. This guide breaks down everything you need to know about the campaign, eligibility, rewards, and how to get started—all in clear, easy-to-understand language.
How the Bitcoin Purchase Subsidy Works
OKX is providing a safety net for users purchasing Bitcoin for the first time through its Simple Buy feature during the promotional period. If the market moves against you, OKX will cover part of your loss—up to 10 USDT per user.
This isn’t investment advice, but rather a risk-mitigation opportunity aimed at helping newcomers take that first step into digital assets without fear of immediate downside shock.
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Campaign Period and Eligibility
The promotion runs from June 1, 2024, at 8:00 AM UTC-3 to June 30, 2024, at 6:00 PM UTC-3. To qualify:
- You must be a registered user on the OKX Brazil entity (both new and existing users are eligible).
- You must complete KYC identity verification before participating.
- You must click the “Join Now” button on the campaign page to officially enroll.
- Your first-ever BTC purchase via Simple Buy mode must occur during the campaign window.
Only one qualifying transaction per account will be considered for subsidy calculation.
How the Subsidy Is Calculated
Here’s how OKX determines your potential reward:
- The system records the average price of your first BTC purchase during the campaign.
- At 6:01 PM UTC-3 on June 30, 2024, OKX checks the closing price of the BTC/USDT pair.
- If the closing price is lower than your purchase price, and you’ve held the full amount of BTC from purchase until the end of the event, you're eligible for compensation.
Subsidy Formula:
(Average Purchase Price – Closing Price) / Average Purchase Price × BTC Transaction Value (in USDT)
The maximum subsidy is capped at 10 USDT. If your calculated loss exceeds this amount, you’ll still only receive 10 USDT. If there’s no loss (i.e., BTC price stays flat or rises), no subsidy applies.
Reward Distribution Details
Qualified participants will receive their rewards in USDT within 30 days after the campaign ends. Please note:
- Rewards are distributed on a first-come, first-served basis, subject to availability.
- OKX reserves the right to delay disbursement due to risk control reviews or security checks.
- The subsidy is credited directly to your OKX account balance.
Frequently Asked Questions (FAQ)
🔹 Who can join this campaign?
Any user registered with the OKX Brazil entity—new or existing—who completes KYC and makes their first BTC purchase via Simple Buy during the campaign period.
🔹 What happens if I’ve bought Bitcoin before?
Only users making their first-ever BTC purchase via Simple Buy on OKX qualify. Previous purchases disqualify you from receiving the subsidy.
🔹 Do I need to hold my Bitcoin after buying?
Yes. To be eligible, you must hold the full amount of BTC purchased in your first qualifying order from the time of purchase until the end of the campaign.
🔹 Can I participate in multiple OKX promotions at once?
No. Each account can only benefit from one active promotion at a time. If you join multiple campaigns, only the last one you enrolled in will count.
🔹 What if I create multiple accounts to get more rewards?
This is strictly prohibited. OKX monitors for suspicious behavior such as multi-accounting, fake KYC data, or wash trading. Violators risk disqualification, account suspension, or permanent banning.
🔹 When will I receive my USDT reward?
Rewards are issued within 30 days after June 30, 2024, pending verification and available stock.
Risk Disclosure and Important Notes
Digital assets like Bitcoin are highly volatile and speculative in nature. Prices can fluctuate dramatically in short periods, and you may lose some or all of your investment. This promotion does not change that reality—it only offers limited downside protection up to 10 USDT.
Please understand:
- The value of USDT and other digital assets can vary due to market conditions.
- Past performance is not indicative of future results.
- You are solely responsible for your investment decisions.
- OKX does not provide financial advice.
We strongly recommend consulting an independent financial advisor before investing and only allocating funds you can afford to lose.
👉 Learn how to protect your first crypto purchase with real-time tools and insights.
Prohibited Activities and Compliance
OKX maintains strict anti-fraud policies. The following actions will lead to disqualification:
- Creating multiple accounts
- Using someone else’s identity for KYC
- Submitting false documentation
- Engaging in wash trading or volume manipulation
- Attempting to exploit bugs or loopholes
OKX actively monitors trading patterns and reserves the right to:
- Disqualify users at any time
- Withhold or reclaim rewards
- Freeze or terminate accounts involved in misconduct
Additionally, OKX complies with regulatory requirements across jurisdictions. Users must adhere to local laws regarding digital asset transactions.
Final Terms and Conditions
- By participating, users confirm they have read and agreed to these terms.
- OKX reserves the right to modify, suspend, or cancel the campaign at any time without notice.
- In case of discrepancies between translated versions and the English version of these terms, the English version prevails.
- OKX is not liable for technical errors, display issues, or omissions.
- All decisions related to eligibility, reward allocation, and rule interpretation are final and made solely by OKX.
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