How to Become a Verified Merchant on Binance P2P: A Complete Guide
As cryptocurrency adoption grows in India and globally, more people are turning to Binance P2P for buying and selling crypto directly with local currencies. For those looking to build a business or earn consistent profits from P2P trading, becoming a Verified Merchant on Binance is a smart move. This guide will walk you through everything you need to know about becoming a verified merchant on Binance P2P.
What is a Binance P2P Verified Merchant?
A Verified Merchant is a trusted and recognized trader on the Binance P2P platform. These merchants are given a special “yellow badge” that distinguishes them from regular users. Binance only approves users who meet strict trading and compliance standards.
Being a verified merchant comes with several advantages:
• Higher visibility on the platform.
• Increased trading limits.
• Priority customer support.
• Exclusive merchant tools.
• Trust factor among buyers and sellers.
Why Become a Binance P2P Merchant?
Here are a few reasons to become a verified merchant:
• 1. Business Opportunity: You can run a full-time or side business by trading crypto through P2P.
• 2. Increased Trust: Verified merchants attract more users because of the credibility Binance provides.
• 3. Lower Trading Fees: Binance may offer discounted or 0% fees to verified merchants.
• 4. Advanced Tools: Merchants can access bulk order tools and merchant analytics.
Step-by-Step Guide to Becoming a Verified Merchants
Step 1: Meet Basic Requirements
Before applying, ensure you meet the following:
A fully verified Binance account with KYC completed.
A good P2P trading record: This means having a decent number of successful trades with a high completion rate.
Strong user reputation: High rating, fast response time, and zero major complaints or fraud allegations.
Typically, Binance looks for:
• At least 30-50 completed trades in the past month.
• Completion rate of over 80–90%.
• Stable trading volume (usually varies by region).
Step 2: Go to the Merchant Application Portal
• Open your Binance app or visit https://p2p.binance.com.
• Tap on “P2P” from the homepage.
• Scroll down and find “Become a Merchant” or go directly to the Merchant Application form.
• Click “Apply Now”.
Step 3: Fill Out the Application Form
You’ll be asked to provide the following:
• Personal Information: Full name, email, and phone number.
• Trading Experience: Details about your past trading history and monthly volume.
• Payment Methods: UPI, Bank Transfer, IMPS, etc.
• Screenshots or proof of volume and trade completion (optional, but helpful).
• Telegram ID: Binance often uses Telegram for merchant communication.
Tips:
Be honest and accurate.
Mention if you have trading experience on other platforms.
Add any licenses or business documents if you operate as a legal entity.
Step 4: Wait for Binance Review
After submitting your application:
Binance’s Merchant team will review your request.
You may receive a call or message on Telegram or email for further verification.
They might ask for bank statement screenshots, wallet screenshots, or a video interview.
This review process can take 1–5 business days depending on demand and your profile quality.
Step 5: Interview or Test (If Required)
Some applicants may need to go through:
A video call interview: Binance might ask questions about your trading knowledge and risk management.
A quiz or test: To assess your understanding of Binance P2P rules, scam prevention, and dispute handling.
Step 6: Get Approved and Start Trading
Once approved, you’ll receive:
• Merchant Badge on your P2P profile.
• Access to Merchant-exclusive features.
• Added to Binance's merchant support channels (Telegram/Email groups).
• You can now create buy/sell ads and attract more users with your verified status.
Best Practices for Binance P2P Merchants
To keep your status and grow your reputation:
• 1. Always complete trades on time.
• 2. Avoid canceling orders frequently.
• 3. Respond to users quickly.
• 4. Keep good communication in the P2P chat.
• 5. Never ask users to mark fake payments.
• 6. Report suspicious activity immediately.
Binance regularly monitors merchants and can suspend or remove badges if rules are violated.
Merchant Responsibilities
Being a merchant comes with responsibility. You must:
• Resolve disputes professionally.
• Never misuse escrow or hold funds unfairly.
• Ensure payment accounts are legitimate and match your profile name.
• Follow local regulations and anti-money laundering (AML) standards.
• Common Reasons Applications Are Rejected
• Low trading volume or poor performance.
• Incomplete or incorrect information.
• Negative user reports or complaints.
• Suspicious or fraudulent activity.
• Multiple account violations.
• If rejected, you can improve your profile and reapply after 30 days.
Conclusion
Becoming a Verified Merchant on Binance P2P is a prestigious and profitable opportunity for serious traders. It offers a high level of trust, visibility, and exclusive tools that can help you build a scalable crypto business.
Whether you're an individual trader or running a crypto business, this merchant badge can be your ticket to higher volume trading, better profits, and a solid reputation in the crypto space.
Stay compliant, trade fairly, and deliver top-notch service—and you’ll grow rapidly in the Binance P2P ecosystem.
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