Binance has launched an updated P2P Merchant Program, introducing three performance based tiers Bronze, Silver, and Gold to reward verified merchants for their trading activity and performance.
The new tier system aims to recognize and incentivize merchants based on their trade volume, encouraging higher trading standards across the platform. Merchants can progress from Bronze to Silver or Gold by meeting specific trading milestones and maintaining strong performance metrics.
Tier Requirements and Benefits
To qualify for each tier, merchants must meet certain trade volume and completion rate thresholds:
- Bronze: Newly verified merchants start at the Bronze level. They can advance to higher tiers as their trading volume increases. Bronze merchants benefit from a Bronze badge, a 20% fee refund, quicker release and cancellation capabilities, shared ad inventory, and 24/7 customer support.
- Silver: To achieve Silver status, merchants must reach a minimum trading volume of 6 BTC or 200,000 USDT, with a 98% completion rate. Silver merchants enjoy a 30% fee refund, a Silver badge, and additional benefits aimed at boosting their experience and trading efficiency.
- Gold: The Gold tier represents the highest level for Binance P2P merchants. To qualify, merchants need to trade over 60 BTC or 2,000,000 USDT while maintaining a high completion rate. Gold-level merchants receive the most exclusive benefits, including a 50% fee refund, a Gold badge, and enhanced features designed for top-tier traders.
Goals of the Tiered System
With this new tiered structure, Binance aims to enhance the overall user experience on its P2P platform by incentivizing verified merchants to uphold high trading standards. The program is designed to create a more efficient and rewarding environment for both merchants and users, fostering a healthy and competitive P2P ecosystem.
In addition to offering merchants better rewards based on their performance, the system also ensures that users engaging with higher-tier traders receive a more seamless and reliable trading experience.
This update is part of Binance’s ongoing efforts to strengthen its P2P platform, which remains one of the most active and popular options for peer-to-peer cryptocurrency trading worldwide.