Binance P2P has introduced three new merchant tiers in its revamped P2P Merchant Program. The move aims at rewarding verified merchants for their performance and trading volume in an effort to improve the standards of trading and user satisfaction.
Bronze Tier: This is the Entry Level
The Bronze tier is the starting point of verified merchants. For a merchant who falls in this category, the following are accrued to them:
- A Bronze badge to highlight their status
- 20% fee refund on trades
- Tools like quick release and cancellation capabilities
- Access to shared ad inventory for broader visibility
- 24/7 customer support
This tier is open to new verified merchants with a consistent trading record, offering an excellent starting point for growth.
Silver Tier: Unlocking Enhanced Rewards
Silver merchants represent the next step up. To qualify, merchants must meet the following requirements:
- Trade volume of 6 BTC or 200,000 USDT
- 98% completion rate
Other extra privileges for Silver merchants include a refund of 30% of the fee and a prestigious badge of Silver. This tier is perfect for traders who can show a decent level of commitment to deliver top-notch performance and reliability.
Gold Tier: The Apex of Excellence
The Gold tier is exclusively for very successful merchants. For a merchant to reach this tier, they must achieve:
- Trade volume over 60 BTC or 2,000,000 USDT
- 98% completion rate
Gold merchants receive the highest level of privileges, including a 50% refund of fees, special privileges, and the much-vaunted Gold badge. This tier represents Binance’s efforts to foster excellence in its P2P trading community.
Quality and Trust be Rewarded
This tiered system allows Binance P2P to further enhance the performance and reliability of the merchants. The program incentivizes traders for better performance and also ensures that the Binance P2P users will always have smooth and trusted trades.
This initiative underlines Binance’s commitment to creating a rewarding and user-oriented trading environment. As merchants move up the tiers, they are accorded recognition and benefits that make Binance P2P one of the robust platforms for crypto trading.
