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Binance P2P Celebrates its First Anniversary in Vietnam with Multiple Prizes


In January 2020, Binance announced its support for Vietnamese Dong (VND) on its peer-to-peer (P2P) trading platform, providing Vietnamese users with easy access to buy and sell cryptocurrencies with VND at zero fees. To date, we are happy to share that Binance P2P has become the largest P2P fiat-to-crypto platform in Southeast Asia, reaching a total volume of $3 billion in USD. 

Building the Best P2P Platform for Vietnam

Binance P2P has achieved consistent growth since the addition of VND. USDT/VND is the most traded pair on the Binance P2P platform, which also indicates that stablecoin has become the entry option for the local crypto investors. Users can find the best crypto prices on the Binance P2P platform. 

The milestones cannot have been achieved without the extraordinary contribution from the Binance P2P merchants. To-date local P2P merchants across Southeast Asia account for over 60% of the total volume. On average, a local P2P merchant trades about 70 orders on a daily basis. For the top merchants, this number can be as high as 500 a day. Thus, many are seriously considering “merchant” as a full-time job, earning a good stable stream of income. To improve users’ trading experience and better manage the local merchants, we recently launched a comment feature for users to rate and comment on merchants and other P2P trading counterparties. 

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Win $2,000 and More Prizes in the Binance P2P Anniversary Promotions

In celebration of the first anniversary in the VND market, Binance P2P has launched exclusive promotions to offer multiple bonuses for Vietnamese users.  

Promotion A: Binance P2P Vietnam Trading Tournament  

Activity Period: 2021/01/20 00:00 UTC +7 to 2021/01/31 23:59 UTC +7

During the activity period, the top eight takers with the most awarded points will win the following prizes:

  • 1st place: 300 BUSD

  • 2nd place: 200 BUSD

  • 3rd place: 150 BUSD

  • 4th place: 100 BUSD

  • 5th - 8th place: 50 BUSD each

In addition, all eight winners will enjoy the following rewards:

  • Special gifts from Binance local team

  • VIP+1 upgrade benefits in 30 days, capped at VIP 3

  • Leaderboard feature

Takers will be measured in two criteria: the number of orders and trading volume with equal weight. Starting January 20, the top eight of each day will be rewarded with a number of points. The points earned each day will be added to make a cumulative point. At the end of the tournament, eight users with the highest cumulative points will be announced winners of the tournament and win the prizes.  See further details on Binance P2P Anniversary promotion

Promotion B: User Referral Competition 

Activity Period: 2021/01/20  00:00 UTC +7 to 2021/02/18 23:59 UTC +7

During the activity period, top users who make the most referrals to trade on Binance P2P will win special prizes and benefits. In addition, there will be a lucky draw to select two lucky referrer-referee pairs.

How to participate? 1. Refer your friends to register a Binance account and buy crypto on Binance P2P via your Binance referral link

2. Your referees buy crypto worth 1,000,000 VND and above on Binance P2P

Lucky draw rewards:

Two pairs of referers-referees (a total of 4 winners) will be selected in the lucky draw. The process for selection is as follow:

  • A referred user will be selected first. Each winner will receive 50 BUSD.

  • If a referred user is selected, his/her referrer will also be selected and win 50 BUSD. 

Best Referrers’ rewards:

Five users with the most eligible referrals  will win the following prizes:

  • 50 BUSD

  • Special Binance merchandize 

  • Any referrer who refers more than 10 but less than 20 users for P2P will enjoy benefits of 40% commission rate from spot trading for 30 days (Note: the referred users must meet the condition of purchasing crypto on P2P worth more than 1,000,000 VND).

  • Any referrer who refers more than 20 users for P2P will enjoy the benefit of a 40% commission rate from spot trading for 60 days. (Note: the referred users must meet the condition of purchasing crypto on P2P worth more than 1,000,000 VND).

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