Key Points
Binance P2P is a convenient peer-to-peer (P2P) cryptocurrency trading platform that allows people to buy and sell cryptocurrencies directly with each other.
To enhance the user experience, Binance identifies and verifies trusted merchants, rewarding them with a yellow badge on their profiles.
The yellow Verified Merchant badge on Binance P2P is a feature that helps you better navigate the platform and improve your trading experience. Every day, Binance P2P strives to provide a safe and user-friendly marketplace for peer-to-peer traders. One way this is achieved is through the Verified Merchant program.
Identifying outstanding merchants who consistently provide exemplary service is an excellent way to build trust and help users navigate the market better. This contributes to improving user experience and transaction security.
How to Identify a Verified Merchant on Binance P2P
You can easily identify a verified merchant by the yellow badge on their public profile. To become and remain a verified merchant, users must meet certain requirements. Therefore, verified merchants, committed to maintaining their status, typically provide higher quality customer service and complete many transactions each month.
Here's an example of a verified merchant profile. It also displays some useful information about the seller:
Activity: Over the last 30 days, they have conducted 586 transactions. Short Wait Time: An average release time of 4.55 minutes allows buyers to typically receive their cryptocurrency within about 5 minutes after making payment to this merchant.
High Transaction Success Rate: 98.65% of this merchant's transactions have been successfully completed, meaning cancellations of their transactions rarely occur for any reason.
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