Exchange
Blockchain and crypto asset exchange
Academy
Blockchain and crypto education
Learn & Earn
Earn free crypto through learning
Charity
Powering blockchain for good
Cloud
Enterprise exchange solutions
DEX
Fast and secure decentralized digital asset exchange
Labs
Incubator for top blockchain projects
Launchpad
Token Launch Platform
Research
Institutional-grade analysis and reports
Trust Wallet
Binance's official crypto wallet
Binance Gift Card
Customizable crypto gift card
Binance Live
Bringing blockchain broadcasts to you live
BABT
Verified user credentials for the Web3 era
Buy Crypto
Pay with
Markets
Trade
Binance Convert
The easiest way to trade
Spot
Trade crypto with advanced tools
Margin
Increase your profits with leverage
Strategy Trading
Trading made easy, trade like a pro
P2P
Bank transfer and 100+ options
Swap Farming
Swap to earn BNB
Fan Token
Upgrade your fan experience
Binance OTC
OTC liquidity and execution services
Derivatives
USDⓈ-M Futures
Perpetual or Quarterly Contracts settled in USDT or BUSD
COIN-M Futures
Perpetual or Quarterly Contracts settled in Cryptocurrency
Options
Buy and Sell European-style Options.
Leveraged Tokens
Enjoy increased leverage without risk of liquidation
Leaderboard
Exclusive ranking for Binance traders, follow top traders' strategies
Binance Futures Overview
View our full range of crypto-derivative instruments
Futures Markets
View trends and opportunities in the Futures Markets before trading
Responsible Trading
Learn how you could practice responsible trading with Binance Futures
Blog
Expand your knowledge and get the latest insights in Derivatives Trading
VIP Portal
VIP Exclusive, Tailor-made Institutional Grade Services
Earn
Binance Earn
One-stop Investment Solution
Launchpad
Token Launch Platform
Simple Earn
Earn daily rewards on your idle tokens
DeFi Staking
Easy Access to DeFi Opportunities
BNB Vault
Earn Multi-benefits with BNB
Dual Investment
Commit your crypto holdings and enjoy high returns
Liquidity Farming
Add liquidity and earn double
Auto-Invest
new
Accumulate crypto on autopilot
Binance Pool
Mine more rewards by connecting to the pool
ETH 2.0
One click staking, rewards paid daily
Range Bound
new
Earn high rewards when the market moves sideways
Finance
Binance Card
Convert and pay with crypto worldwide
Crypto Loans
Get an instant loan secured by crypto assets
Binance Pay
Send and spend crypto at zero fees
Binance Gift Card
Customizable crypto gift card
NFT
Institutional
Institutional Home
Premium digital asset solutions for institutions
Link
Connect and grow with Binance liquidity solutions
Asset Management Solutions
Discover various asset management solutions
VIP Portal
One-stop station made for VIP and institutions
Custody
Secure digital assets with leading infrastructure
VIP Loan
Bespoke institutional loan with wide coverage
APIs
Unlimited opportunities with one key
Historical Market Data
Your all-in-one trading data repository
Execution & OTC Services
Execution & OTC Services
Feed
USD

FAQ

Account Functions
Tutorial
Binance Fan Token
Binance Earn
Crypto Deposit/Withdrawal
Buy Crypto (Fiat/P2P)
Spot & Margin Trading
Crypto Derivatives
Finance
API
Security
Other Topics
Binance Convert
Binance Link
NFT
VIP
Home
Support Center
FAQ
Buy Crypto (Fiat/P2P)
P2P Trading
P2P Merchant and User Management
What is Binance P2P Merchant VIP Program

What is Binance P2P Merchant VIP Program

2021-11-24 07:43

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 30 day P2P trading volume of at least 6 BTC on Binance P2P in the previous month.
  • A 30 day P2P trading completion rate of at least 98% in the previous month.
To be qualified for VIP 3, you need to have:
  • A 30 day P2P trading volume of at least 60 BTC on Binance P2P in the previous month.
  • A 30 day P2P trading completion rate of at least 98% 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 x (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 will measure the performance of all merchants starting in December 2021. Merchants who satisfy the requirements can advance to the Advanced Merchant Tier (VIP 2 and VIP 3) in 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.