Binance P2P is launching two exclusive promotions for makers in the HKD, TWD and MOP markets who are verified as P2P merchants from 2022-10-31 16:00 (UTC) to 2023-02-28 15:59 (UTC). A total of 5,000 BUSD in Gift Cards are available for both promotions.
Promotion Period: 2023-02-01 04:00 (UTC) to 2023-02-28 15:59 (UTC)
Promotion A: Rank Amongst the Top Ten by Maker Trading Volume to Share 2,000 BUSD in Gift Cards
During the promotion period, eligible P2P verified merchants will be ranked by their HKD, TWD and MOP maker volume on Binance P2P, and the top ten eligible P2P verified merchants will stand to share 2,000 BUSD in Gift Cards, as per the rewards structure below.
To qualify for the rewards, eligible P2P verified merchants must meet all the following requirements during the promotion period:
- Be verified as a P2P merchant during the period between 2022-10-31 16:00 (UTC) to 2023-02-28 15:59 (UTC).
- Achieve an overall order completion rate of at least 95%.
- Complete a total maker volume of at least $10,000 equivalent by the end of the promotion period.
- At least 50% of users traded with during the promotion period are unique users.
Rewards Structure:
Ranking by Maker Volume | Reward in Gift Card |
1st Place | 600 BUSD |
2nd Place | 300 BUSD |
3rd Place | 250 BUSD |
4th Place | 200 BUSD |
5th Place | 150 BUSD |
6th - 10th Places | 100 BUSD each |
Promotion B: Trade with More Unique Counterparties to Share 3,000 BUSD in Gift Cards
During the promotion period, eligible P2P verified merchants will be ranked by the number of unique counterparties who they have completed HKD, TWD and MOP trades with on Binance P2P. The top ten eligible P2P verified merchants will stand to share 3,000 BUSD in Gift Cards, as per the rewards structure below.
To qualify for rewards, eligible P2P verified merchants must meet all the following requirements during the promotion period:
- Be verified as a P2P merchant during the period between 2022-10-31 16:00 (UTC) to 2023-02-28 15:59 (UTC).
- Achieve an overall order completion rate of at least 95%.
- Complete trades with a minimum of 200 unique counterparties on Binance P2P.
- Attain a total maker volume of at least $5,000 equivalent by the end of the promotion period.
Ranking by Number of Unique Trading Counterparties | Reward in Gift Card |
1st Place | 1,000 BUSD |
2nd Place | 600 BUSD |
3rd Place | 400 BUSD |
4th Place | 300 BUSD |
5th Place | 200 BUSD |
6th - 10th Places | 100 BUSD each |
How to Become a Binance P2P Merchant:
- Login to Binance and apply to become a P2P merchant.
- Binance P2P will review all merchant applications and notify all successful applicants via email within seven to ten working days. P2P verified merchants who qualify for the Merchant VIP Program will stand to enjoy exclusive VIP level upgrades and the corresponding benefits as well.
Guides and Related Materials:
- Introduction to P2P Trading
- How to Buy Cryptocurrency on Binance P2P (App/Web)
- How to Sell Cryptocurrency on Binance P2P (App/Web)
- How to Post Trade Advertisements on Binance P2P (App/Web)
Terms and Conditions:
- Only makers who are verified as a P2P merchant from 2022-10-31 16:00 (UTC) to 2023-02-28 15:59 (UTC) will qualify for Promotion A and Promotion B. Regular makers are not eligible to participate in this promotion.
- The rewards for Promotion A and Promotion B are mutually exclusive. If an eligible P2P verified merchant qualifies for rewards from both Promotions, he/she will only receive the reward with a higher value.
- For makers who are successfully verified as P2P merchants during the Promotion Period, Binance P2P will start tabulating their respective maker trading volume and number of unique trading counterparties during the Promotion Period from 00:00 (UTC) on the day they become P2P verified merchants.
- Maker: When you place an ad that goes on the order book on p2p.binance.com, any subsequent trades coming from that order will be as a “maker.” These ads add liquidity to the order book, helping to "make the market", and are therefore termed the "maker" for any subsequent trades.
- Promotion A and Promotion B are only available for HKD, TWD and MOP trading pairs supported on the Binance P2P platform.
- Binance will use the average closing price at 23:59:59 (UTC) of the respective local currency to USD foreign exchange rates during the Promotion Period for the calculation of the maker volume requirements in Promotion A and Promotion B.
- Rewards will be distributed via Gift Cards to the email address bound to the user’s Binance UID by 2023-03-14 15:59 (UTC) with a unique redemption code, and users who do not have an email address bound to their UID will not receive the email.
- Users can claim their Gift Cards on the Binance App or website. To redeem by Binance App, visit the Homepage > Profile > Gift Card. Please make sure your Binance App is updated to iOS 2.32.0 or Android 1.43.0, or later. Learn how to redeem a Gift Card.
- All the distributed Gift Cards will expire within one week after distribution. Eligible users should claim their Gift Cards before the expiration date.
- Binance reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
- Binance reserves the right to cancel or amend any Promotion or Promotion Rules at its sole discretion.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. These fluctuations may affect the value of digital assets you buy or sell on the Binance P2P platform, which may be lower or higher at the time of and after completion of the transaction. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. By using the Binance P2P platform you trade digital assets directly with other users. Binance facilitates transactions by releasing the digital assets once the offline fiat currency exchange is confirmed by both parties. The trading amount, price and conditions of each advertisement are set by the user publishing it. All payments are final upon completion, unless otherwise required by law. Binance has neither the right nor the obligation to resolve any disputes arising from a completed payment. Binance is not liable for any loss you incur in connection with a completed payment. Not financial advice. For more information, see our Terms of Use and Risk Warning.