1. Application
If you are a Verified Merchant or Block Merchant on the Binance P2P platform, the security deposit that you must provide as a Cash Merchant will be calculated based on the number of locations you want to be listed as a cash-trading site on Binance P2P, for the purposes of concluding your trades of Digital Assets with Users who have submitted an Order for your Advertisements (âStoreâ).
Depending on the region youâre based in, the security deposit amount for each store will vary.
2. Trading limit
You can't trade more than a store's deposit amount in a single order. For example, if you deposited 5,000 USDT per store and you're trading in USD, the maximum limit per order should be around 5,000 USD.
3. Security deposit assets management
You understand and agree that your security deposit will be frozen on Binance. Binance will never use this amount without your permission, unless you have breached the Binance Terms of Use, Binance P2P Terms of Use, these Binance P2P Cash Merchant Declaration Terms, or committed any action described in the Supplementary Clauses to Advertiser Management Regulations on Security Deposit Assets.
4. Request for removal of the Cash Merchant status
In case you request your Cash Merchant status to be removed, Binance will revoke your right to post advertisements as Merchants. If you have no unresolved disputes, your security deposit will be automatically returned to your account within 14 business days.