Binance P2P launches three merchant program tiers

Gold, Silver and Bronze tiers were introduced by Binance to reward verified P2P merchants based on performance.

Binance has added a significant update to its P2P Merchant Program by introducing three tiers: Bronze, Silver and Gold. This upgrade was introduced to recognize and reward P2P traders based on their trading volumes and performance.

Each tier offers unique benefits. Newly verified sellers can move up from Bronze depending on their monthly trading performance. Verified traders with a solid trading history are considered bronze traders.

To qualify for Silver, sellers must reach a transaction volume of at least 6 BTC or 200,000 USDT with a 98% completion rate. To maintain the same high completion rate, sellers at the ‘top tier’ gold level must have volume greater than 60 BTC or 2,000,000 USDT.

Bronze sellers receive the Bronze badge, 20% refund, quick cancel and cancellation features, shared ad inventory, and 24/7 customer support. Silver sellers receive 30% refund, Silver badge and other benefits. Gold-level sellers get the highest level of benefits, the Gold badge, and 50% refund.

With this upgrade to the Binance P2P Merchant Program, the exchange aims to promote high trading standards and better experiences for Binance P2P users.