Depending on your location, you may be also eligible to sign-up for additional categories of Verified Merchants such as a P2Pro Merchant, reserved to Verified Merchants that hold advanced qualifications to provide a professional Digital Assets exchange service (such as holders of local Digital Assets exchange licences, operators of payment gateways), Block Merchants, reserved to Verified Merchants that have a high volume order on average and satisfy certain liquidity requirements, among others, who can trade large amounts of Digital Assets or Cash Merchants (see Section 14 below). Binance has sole discretion in determining the criteria and requirements applicable for Verified Merchants, which may vary depending on location, and reserves the right to refuse applications depending on the market conditions or other relevant factors. Experienced users with frequent trading activity on Binance P2P and a high Order completion rate may submit an application to become a verified merchant (“Verified Merchant”) and benefit from certain advantages when trading on Binance P2P, such as higher levels of trading limits, lower fees, more advanced trading tools and availability of their Advertisements in P2P Express as described in Section E below. Binance only facilitates the transactions entered into on Binance P2P as described in Article 4 above.Ħ. Binance does not have any control whatsoever over the trading amount, price, payment method, Order Limit, Payment Window and terms and conditions of each Advertisement as they are entirely set by the Advertiser at its own discretion. Binance is not a party to any transaction that you may enter into on Binance P2P as you will be directly trading with other users. You understand that the locked amount of Digital Assets cannot be used in any way whatsoever unless the Order is cancelled or the Digital Assets are released to the Buyer upon confirmation of the Fiat Currency transfer by both the Buyer and the Seller.ĥ. In such a case, Binance locks the amount of Digital Assets indicated in the Order until both parties of the transaction confirm successful completion of the Fiat Currency transfer to be performed in consideration of the Digital Assets. You understand and agree that placing an Order to an Advertisement on Binance P2P represents your acceptance of the offer published in that Advertisement and constitutes a promise to trade Digital Assets. We may require you to satisfy certain eligibility criteria to be able to publish an Advertisement on Binance P2P, as may be amended by Binance from time to time.Ĥ. You may either be a Buyer or a Seller of Digital Assets on Binance P2P regardless of whether you are acting as a Advertiser or a Taker.ģ. Unless expressly provided otherwise by Binance, Takers are not subject to any fees when trading on Binance P2P.Ģ. As a Taker, you must use a payment method supported by the Advertisement for which you are placing an Order and you must comply with the terms and conditions determined by the Advertiser. As a Taker, you may place an Order to an Advertisement previously published by indicating the amount of Digital Assets that you would like to trade. We may adjust the fees at our sole discretion from time to time.ī. In consideration for the use of Binance P2P, we may charge Advertiser fees as set out on our Fee Structure page. An Advertisement includes the amount of Digital Assets that you would like to trade, the price that you would like to trade for your Digital Assets, the Order Limit, the payment method that you would like to use, the Payment Window and other applicable terms and conditions for your offer. As a Advertiser, you may publish an offer on Binance P2P to buy or sell Digital Assets (“Advertisement”). You may trade on Binance P2P to buy or sell Digital Assets as an Advertiser or a Taker.Ī. Binance P2P is a platform that allows users to directly trade Digital Assets with other users. If you do not understand and accept these P2P Terms in their entirety, you should not subscribe.ġ. By subscribing to Binance Peer-to-Peer available at https///en or such other URL as may be designated by Binance from time to time, as well as any mobile apps or other related services or applications thereto (“Binance P2P”), you acknowledge that you have read, understood and accepted all of the terms and conditions in these Peer-to-Peer Product Terms (“P2P Terms”), and you acknowledge and agree that you will be bound by and will comply with these P2P Terms.
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