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Become a P2P Merchant and Earn Money

2021-03-29

Nowadays, it is so much easier to have money transferred immediately through the P2P (peer-to-peer) payment platforms and existing banking applications when it comes to the ways to earn bitcoin. Since things are now more convenient, shopping online, supporting family members and friends, and ordering services without lag time are much more comfortable. Yet, there will always be someone who would attempt to get your hard-earned money through a scam, security attack, or fraud. Because of the COVID-19 pandemic, there are now many opportunities for scam and fraud attempts. These opportunities include P2P payments. You need to take time and understand the possible threats and ways to navigate them so you can become well-protected against fraud. Aside from these, there are now a lot of celebrities that are getting into cryptocurrency and Manny Pacquiao is among them.

Launched early in 2020 is Binance. This global peer to peer trading merchant program for their C2C (Customer to Customer) or P2P trading platform allows people to avail themselves various crypto to fiat or fiat to crypto payment channels. With this, the merchants gain multiple opportunities to earn from it.

Here, we’re going to discuss the whole process on how people can join to become a P2P merchant of Binance not just to earn money through ad posting but also contributing to the idea of having the crypto market’s entry barriers minimized.

Get Into the Binance Exchange Now

An Overview of the Binance P2P Merchant Program

The Binance P2P platform got launched with the vision of having crypto entry barriers minimized so that it would be simple for anyone to buy or sell cryptocurrencies.

Even if crypto trading may appear easy because of the decentralized and centralized exchanges, not having sufficient contacts to recommended exchangers for the selling or purchase of crypto may become a big problem for anyone. Binance launched a P2P platform without trading fees to make it possible for anyone to earn from crypto.

Requirements of the Binance P2P Merchant Program:

Here is a list of the vital requirements to become a successful P2P merchant in Binance:

  • If you want to become a Binance P2P merchant, your P2P wallet must have funds for successful ad posting so it can be possible to serve users who want to have their crypto or fiat swapped.

  • At the Binance Exchange, having a KYC verified Account is needed. You need to create one to confirm that you are older than 18 years old.

  • In Binance, you need to prove that you live in a residential address like a related document or utility bill in your application.

  • There may be no specified minimum funds from Binance before you can become eligible as a merchant. However, Binance recommends that you have at least $100 of fiat or crypto to increase your chances of getting approved to become a merchant.

  • If you want to become a P2P merchant, a vital requirement has a money wallet or fiat local or international bank account in your chosen country. Add a minimum of one Account in your name to get or pay fiat currency once you complete a P2P trade. Note that other third-party or Account titles are not allowed here. Check out the Binance P2P FAQ.

  • To become a successful merchant in Binance, you must carefully and adequately have the form filled up. 

  • Once you complete the prerequisites, you may need to shoot a video by holding your ID card and saying these phrases: I am (Your Name), I trade Bitcoin / Ethereum and other cryptocurrencies. I promise that the source of funds is legal, and I guarantee that any information or materials submitted are true, legal, and complete. Cryptocurrency or fiat money is not used for any illegal purpose. I bear legal responsibility for my actions.”

  • Once you say that phrase in the video, it means that you admit to the Binance P2P platform’s terms and conditions and admit that the funds that you will trade came from a legal source. It will also indicate that you will become responsible for any legal action your proof may entail.

Features of Binance P2P Merchants

Once you become successfully approved by Binance’s P2P merchant application, you can take advantage of the following opportunities:

  • Have a maximum and minimum order amount set by the merchant, according to the user’s request.

  • Allow to earn money and post ads once you become successful in every trade.

  • Make merchants turn the ads active or inactive for the convenience of their working hours.

  • The Binance P2P program has the merchant full of security funds through the formula first send payment system and hold payment release.

  • You can have the P2P platform of Binance used on Desktop and Mobile. Whenever there is a new order, it will use SMS to notify the merchant to allow you to take on any order request conveniently.

  • There is an exclusive support chat that Binance provides in the email that people can access through the appeal button. It will make the funds stay on hold while the appeal dispute still needs to get resolved.

  • There are 20 payment options merchants can have on various fiat currencies and the same channel.

  • The exchange rate may get set by merchants according to their desired earnings rates even if there are no ad posting charges or trading fees.

How do Merchants Earn By P2P Trading on Ads Posting in Binance?

It can be possible for merchants to earn money by exchanging swap charges directly. Once the order becomes complete, there is a certain percentage that the merchants positively make. It is so much like conventional trading in P2P that works on a different platform. Whenever you post an ad that you are available to sell USDT at 50.95 PHP, and the current price is 40 PHP, the profit will become your earnings.

That is the simple and automatic way people can earn only by having their money held in their spot wallet or posting free ads. These can make anyone earn semi-passively without risking losing their money. Whenever you have something, you want to ask, comment, or chat with us. We encourage people to become highly successful Binance P2P merchants to become a contributor to the vision of lessening crypto’s entry barriers as this gets tightened and highly regulated by the government and the central bank.

Binance

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The prominent cryptocurrency exchange in terms of users and trading volume is Binance. It announced a P2P (peer-to-peer) trading platform in PHP or Philippine Peso. The company aims to provide Filipinos access to cryptocurrency in their local currency.

It can now be possible for Filipino Binance users to sell and buy ETH, BTC, BNB, USDT, EOS, and BUSD using the Philippine Peso. Binance has a P2P platform that allows Filipinos to do this without any transaction fees. Having this integrated will enable the user to trade crypto in their preferred prices and payment modes. They can even have their crypto assets transferred to a Binance wallet without an added cost.

Because of the platform’s zero transaction fees, it offers an escrow service. It aims to ensure that all of the cryptos will go to the users’ wallets. Binance has a P2P platform that lets users gain more access to various financial services. Included here are spot, margin, lending, and futures trading of Binance.com.

Since its launch in October 2019, Binance’s P2P platform has supported approximately 31 fiat currencies. It was also able to process trades of more than $1 billion. For their Global P2P Merchants Program, the company now actively searches for local merchants with reliable crypto and fiat access. Here, verified merchants enjoy a lot of benefits. It includes exclusive support for customers, VIP discounts, ad transactions and postings, and security deposits without any fees. 

Start learning about Binance P2P trading by downloading the Binance mobile app now.