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Binance P2P Adds New Requirements to Posting Advertisements

Binance
2021-04-01 06:03
Fellow Binancians,
To optimize the P2P trading experience, Binance has added new requirements for users to post their trade advertisements on its peer-to-peer trading platform.
With the new requirements applied, the following users are able to post P2P advertisements to buy crypto:
User typeRequirements
P2P merchantsVerified by the Binance P2P team
Users (Non-merchants)
Users should meet all of the following requirements:
  • Registration time >= 30 days
  • Complete identity verification and SMS authentication
  • Number of completed P2P orders >= 20
  • 30-day P2P order completion rate >=80%
  • Number of unique trading counterparties >= 10
Notes:
  • In CNY market, only verified merchants are able to post trade advertisements;
  • The new requirements only apply when users post advertisements to buy crypto (displayed in the sell-crypto zone);
  • Completed P2P orders refer to P2P orders whose status shows as “Completed”;
  • 30-day order completion rate = 1 - total number of canceled purchase orders in the last 30 days / total number of completed orders in the last 30 days;
  • Users may not be able to post new advertisements due to a drop in their 30-day order completion rate, yet ads created before the completion rate drop will be visible as is.
For more information:
Disclaimer: Your use of the Binance P2P services and all information and other content (including that of third parties) included in or accessible from the Binance P2P services is at your sole risk. Our only responsibility is to handle your payment transaction. All payments are final upon completion unless otherwise required by law. Binance P2P platform has neither the rights nor the obligations to resolve any disputes arising from completed payment. Neither Binance P2P platform nor merchants shall be responsible for your loss in a completed payment.
Thanks for your support!
Binance Team
2021-04-01
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Note:
This announcement was updated on 2021-04-08 to reflect the impact of completion rate drop on ads visibility;
This announcement was updated on 2021-05-14 to add new requirements for posting ads.
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.