What you need to know about the Binance VIP sub-programs.
Binance, one of the leading cryptocurrency exchanges in the world, offers a VIP program that provides various benefits and incentives to its users. The Binance VIP program consists of different levels, each with its own set of requirements and perks.
Here's what you need to know about the Binance VIP sub-programs:
Levels in Binance VIP Program:
1. VIP 0: This is the default level for all Binance users without any specific requirements or benefits.
2. VIP 1-3: These levels require a minimum 30-day trading volume of 50 BTC, 500 BTC, and 1,500 BTC respectively. The higher your VIP level, the more benefits you receive.
Benefits of Binance VIP Sub-Programs:
1. Trading Fee Discounts: Higher VIP levels offer reduced trading fees, incentivizing users to trade more on the platform.
2. Higher Withdrawal Limits: VIP users have higher withdrawal limits, allowing for quicker and more convenient transfers.
3. Priority Customer Support: Binance VIP users receive faster and dedicated customer support for any inquiries or issues they encounter on the platform.
4. Exclusive Offers: VIP users gain access to exclusive promotions, airdrops, and trading competitions, increasing their earning potential.
5. Margin Trading: VIP 2 and above users can access Binance's margin trading platform, allowing them to trade with borrowed funds and potentially amplify their profits.
6. OTC Trading: VIP 4 and above users are eligible to utilize Binance's over-the-counter (OTC) trading desk, catering to larger trades with personalized service.
Requirements and Qualifications:
To qualify for a specific VIP level, you need to meet the minimum trading volume requirement within the last 30 days. Binance calculates this volume based on the equivalent value of all your trades across different cryptocurrencies.
To maintain your VIP level, you must continue meeting the minimum trading volume requirement on a monthly basis. If you fail to meet the requirements, your VIP level may be downgraded.