# Can Referral Rewards Be Withdrawn?

Referral rewards are distributed as either one-time registration vouchers or ongoing commissions, each with different withdrawal rules.

* Registration rewards, such as the **10 USDC Cashback Voucher or USDC Bonuses**, act as ‘trading fuel’ and **cannot be withdrawn** directly to an external wallet; however, any profits or winnings you generate using these bonuses are fully yours to manage, trade, or withdraw once earned.
* In contrast, the commissions you earn from your referrals' Perpetual Futures trades, swaps, and Cozy Card top-ups are paid in **real** **crypto assets**, not vouchers. Because these are actual assets, they are not subject to ‘trading-only’ restrictions. You can withdraw, swap, or manage these commissions at any time, just like any other cryptocurrency held in your Cwallet.