Highlights
Binance P2P is an easy-to-use peer-to-peer (P2P) cryptocurrency trading platform that allows people to buy and sell cryptocurrencies directly with each other.
To improve user experience, we identify and verify trusted merchants with a yellow badge on their profiles.
Discover the benefits of trading with a verified seller on Binance P2P, or becoming one!
The yellow verified trader badge is a Binance P2P feature that helps you better navigate the platform and improves your trading experience. Learn more in this article.
Every day, the Binance P2P exchange strives to offer a safe and easy-to-use marketplace for peer-to-peer traders. One way to achieve this is through our Verified Merchant Program.
Highlighting outstanding merchants who consistently provide exemplary service is a great way to build trust and help users better navigate the market. Improves both the user experience and the security of transactions.
How to Identify a Verified Trader on Binance P2P
You can easily identify a verified merchant by the yellow badge on their public profile. To become and remain verified merchants, users must meet certain requirements. Therefore, merchants dedicated to maintaining their verified status typically offer better customer service and handle many transactions per month.
We show you an example of the profile of a verified merchant. Also displayed is useful information about the seller:
Active: In the last 30 days, you have completed 586 transactions.
Short wait time: With an average release time of 4.55 minutes, buyers typically receive their cryptocurrency within about 5 minutes of making payment to this merchant.
High Completion Rate: 98.65% of this merchant's transactions have been successful, meaning it is extremely rare to see your transaction canceled for any reason.
Benefits of being a Verified Trader and Verified User on Binance P2P
Frequent questions
If I don't have a verified trader badge, can I still buy and sell on Binance P2P?
Of course, yes you can. You can create orders from a minimum limit or choose already created orders.
How does Binance P2P keep my cryptocurrencies safe?
Binance P2P has an escrow service that allows traders to transact with peace of mind. The digital assets that the seller sends to the buyer are held in escrow. Once the seller receives your cryptocurrency payment and confirms it, the system will automatically release the funds to the buyer.
What are the Binance P2P platform fees?
Binance does not charge commissions for users to buy or sell on its P2P platform.
How to Get a Verified Trader Badge on Binance P2P
Before applying
Would you like to become a verified P2P merchant? Binance P2P has a rigorous verification process that involves traders submitting the following:
Bank statements
Contact details and residence certificates
Facial recognition videos
Proof of P2P commerce experience
Test reputation and customer satisfaction on other exchanges
Make sure you have these documents ready before proceeding with the application.
How to Become a Verified P2P Trader on Binance
Log in to your Binance account and go to the P2P main page by clicking [Trade] and then [P2P Account] in the main navigation menu.
Go to [P2P User Center] and click the [Become a Merchant] button on the top right.
You will then be asked to complete SMS or email authentication and advanced identity verification.
Once you have met all the requirements, click [Apply Now] to submit your application. If you qualify to become a verified P2P merchant, our team will contact you after a few days.
You might also be interested…
What is the Binance P2P Trader Program and why you should become a trader
Introduction to Peer-to-Peer Trading: What is P2P Trading and How Does a Local Bitcoin Exchange Work?
How to buy cryptocurrencies on Binance P2P? (App)
How to Create an Ad to Buy or Sell Crypto on Binance P2P – Go from $0 to $10,000
Disclaimer: Your use of Binance P2P services, information and other content (including that of third parties), or that are accessible and available from Binance P2P services, is at your own risk. Our sole responsibility is to manage cryptocurrency transactions. All payments are final upon completion, unless otherwise required by law. The Binance P2P platform has no right or obligation to resolve disputes arising from a completed payment. Neither the Binance P2P platform nor the merchants are responsible for your loss resulting from a completed payment.