Fellow Binancians,
Binance is upgrading the VIP Holder Program with effect from 2022-09-22 00:00 (UTC), making it easier for users to unlock value from their digital assets and become a Binance VIP, or qualify for a higher VIP tier.
Key Highlights
Users’ eligibility for the VIP Holder Program will now depend on their daily average BNB holdings, and the higher of either the 30-day average asset holding or the daily asset holding of the previous day.
BNB holdings will be excluded from the calculation of 30-day average asset holding and the daily asset holding of the previous day.
Users who meet the daily average BNB holding thresholds and either one of the asset holding requirements will be automatically upgraded to the corresponding VIP tier, if the program qualifies them for a higher VIP level than their current standing.
New VIP Holder Program Structure:
Notes:
30-day Average Asset Holding (USDT) = Sum of Daily Asset Holding (USDT) in the past 30 days / 30 (days)
Daily Asset Holding (USDT) = Spot Wallet assets + Funding Wallet assets + Margin Wallet assets + Futures Wallet assets + Earn Wallet assets (excluding BNB holdings).
The USDT equivalent of assets in these Wallets will be used to calculate the daily asset holding.
A snapshot of the Daily Asset Holding will be taken at 23:59:59 (UTC) using the real-time USDT exchange rate.
After meeting the requirements, a user’s VIP level will be adjusted automatically at 00:00 (UTC), based on the higher of either their 30-day average asset holding or the daily asset holding of the previous day, as well as their daily average BNB holdings of the previous day at 23:59:59 (UTC).
For accounts that are currently enrolled in the previous VIP Holder Program, their VIP tier will be the higher of what the previous requirements and the updated requirements shall qualify them for, until the end of the 60-day validity period.
Broker accounts are not eligible for the VIP Holder Program.
Terms and Conditions：
All users must complete account verification to be eligible for this program.
Please visit VIP Fee Structure or User Center to confirm your current VIP level.
The BNB balance requirement is unchanged. For more information, read our BNB Balance Calculation rules.
Binance will combine the daily asset holdings in managed sub-accounts with the daily asset holdings in the trading team’s master account for the calculation of users’ 30-day average asset holdings.
Should a user qualify for a higher VIP level under another Binance VIP Program, the highest VIP level will apply. Under the VIP Holder Program, a user may be upgraded to a maximum of VIP 4.
To learn more about becoming a Binance VIP through trading, borrowing, staking, or dual investment, please refer to this link.
All asset holding amounts, trading volumes, and metrics related to the program are measured by Binance at its sole and absolute discretion. Binance reserves the rights to the review and final approval of tier adjustments, in line with internal requirements.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2022-09-20
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Note: This announcement was last updated on 2023-06-05 to change the denomination of the asset holding requirements from BUSD to USDT. It was previously updated on 2022-09-27 to clarify that broker accounts are not eligible for the VIP Holder Program, and that users’ eligibility for the VIP Holder Program will now depend on the higher of either the 30-day average asset holding or the daily asset holding of the previous day, and their daily average BNB holdings.
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 are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
