Tier Points

You keep trading, we keep giving

Overview

Overbit runs an innovative rewards system known as Tier Points (TP). You will earn Tier Points each time a new trade is opened on Overbit's platform. Once you have accumulated enough TPs, you can use them to redeem Bitcoin (BTC).

You can view your TPs Balance in your Dashboard and Rewards section.

Earning Tier Points

Each time you trade, you will earn Tier Points. The amount of TPs, you will earn is determined by the notional value of the trade. In this example, if you open a position with a notional value of 1 BTC, you will earn 3.8 TPs.

Tier Points Redeem Bitcoin

Once you have accumulated enough Tier Points, you can use them to redeem Bitcoin in the rewards section. Redemptions can be made in units of 1,000 TPs at a time. The more Tier Points you use in a redemption transaction, the higher BTC or USDT you can get per Tier Point used. Any BTC or USDT you redeem will be added to your wallet balance and becomes tradable or withdrawable

  • 1,000 tier points allows you to redeem 0.060 BTC or equivalent in USDT.
  • 2,000 tier points allows you to redeem 0.126 BTC or equivalent in USDT.
  • 3,000 tier points allows you to redeem 0.192 BTC or equivalent in USDT.
  • 4,000 tier points allows you to redeem 0.258 BTC or equivalent in USDT.
  • 5,000 tier points allows you to redeem 0.324 BTC or equivalent in USDT.
  • 6,000 tier points allows you to redeem 0.390 BTC or equivalent in USDT.
  • 7,000 tier points allows you to redeem 0.456 BTC or equivalent in USDT.
  • 8,000 tier points allows you to redeem 0.522 BTC or equivalent in USDT.
  • 9,000 tier points allows you to redeem 0.588 BTC or equivalent in USDT.
  • 10,000 tier points allows you to redeem 0.654 BTC or equivalent in USDT.

Once redeemed, Bitcoin is immediately transferred to your wallet balance where you can use it to trade or withdraw.