Last updated: 7 May, 2024
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 satisfy the following requirements:
| P2P Trading Volume in the Previous Month | P2P Trading Completion Rate in the Previous Month |
| Above 6 BTC or 200,000 USDT | At least 98% |
To be qualified for VIP 3, you need to satisfy the following requirements:
| P2P Trading Volume in the Previous Month | P2P Trading Completion Rate in the Previous Month |
| Above 60 BTC or 2,000,000 USDT | At least 98% |
VIP levels will be recalibrated before the 7th day of every month, and the trading records will be calculated based on the merchantâs previous monthâs 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 [Profile] on the VIP Merchant Portal.
Note:
- Binance P2P has 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've leveled down, your current ads will be automatically closed, and you'll need to post new ads manually.
How to check my previous month's trading performance?
You can check your previous month's trading performance under [Profile] - [Last Month] on the VIP Merchant Portal.
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.