As a seasoned researcher with years of experience in the cryptocurrency market, I find the recent update by Binance to their P2P Merchant Program particularly intriguing. Having closely followed the evolution of this platform, it’s clear that Binance is consistently striving to create a more inclusive and rewarding environment for its users.
Binance introduces three levels – Gold, Silver, and Bronze – to honor high-performing P2P traders according to their achievements.
Binance has made an important change in its Peer-to-Peer (P2P) Merchant Program with the introduction of three levels: Bronze, Silver, and Gold. This adjustment is designed to recognize and honor P2P merchants based on their trading volume and overall success.
As a researcher, I find that each tier presents distinct benefits. Newly validated merchants can progressively move up from the Bronze level, given their consistent monthly trade performance. Those who have proven their trading prowess are recognized as Bronze merchants.
1) For merchants to qualify for the Silver level, they need to meet one of two criteria: achieve a trading volume of at least 6 Bitcoin (BTC), equivalent to $200,000 USD in US Dollar Tether (USDT), or maintain a 98% completion rate.
Merchants at the Bronze level are awarded a Bronze emblem, given a 20% refund on fees, offered swift processing and cancellation options, shared advertising space, and around-the-clock customer service. Silver merchants receive a 30% refund on fees, a Silver emblem, and additional perks. Merchants at the Gold level enjoy top-tier benefits, a Gold emblem, and a 50% refund on fees.
Through this enhancement to the Binance Peer-to-Peer Merchant Program, the platform aspires to foster top-tier trading practices and enhance the overall experience for Binance P2P users.
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2024-12-06 11:16