What is the P2P Merchant VIP Program?
There are 3 levels in the Merchant VIP Program. All existing verified merchants will be given the VIP 1 (Verified Merchant) title. Verified merchants who have satisfied the following requirements in the month before will be automatically advanced to VIP 2 and VIP 3 (Advanced Merchant).
To be qualified for VIP 2, you need to have:
- A trading volume of at least 6 BTC on Binance P2P in the previous month.
- A trading completion rate of at least 98% on Binance P2P in the previous month.
To be qualified for VIP 3, you need to have:
- A trading volume of at least 60 BTC on Binance P2P in the previous month.
- A trading completion rate of at least 98% on Binance P2P in the previous month.
VIP levels will be recalibrated before the 7th day of every month, and the trading records will be calculated based on the merchant’s previous month’s performance.
Perks of different VIP levels
- VIP 1 enjoys a 20% basic fee rate discount on all fiat markets.
- VIP 2 enjoys a 30% basic fee rate discount on all fiat markets.
- VIP 3 enjoys a 50% basic fee rate discount on all fiat markets.
For example, if the current maker fee rate for the P2P USD market is 0.1%, the fee rate for VIP 2 merchants will be 0.1 * (1 - 0.30) = 0.070%.
How do I access the VIP program page?
You can check your current VIP level and progress under your profile page on the merchant portal.
Note:
- Binance P2P VIP Program is not applicable to Block and P2Pro Merchants.
- We have been measuring the performance of all merchants since December 2021. Merchants who satisfy the requirements can advance to the Advanced Merchant Tier (VIP 2 and VIP 3) starting from March 2023.
- Once you have leveled up, you can repost your current ads to enjoy the new fee rate. If you have leveled down, your current ads will be automatically closed, and you will need to post new ads again.
Disclaimer: Binance P2P team reserves the right to suspend or terminate your P2P activities if we identify fraudulent trading activities on your account, including but not limited to wash trading to improve your monthly trading performance.