The main point
Binance P2P is an easy-to-use peer-to-peer (P2P) platform with competitive liquidity provision, strict security measures, and flexible payment methods.
Cash Zone is the latest Binance P2P trading zone that allows cash merchants to install cash trading ads and offer cash payments as a payment method.
Want to enhance your crypto trading experience on Binance P2P and start making real-world transactions? Learn everything it takes to become a cash merchant.
Binance P2P is a peer-to-peer (P2P) crypto trading platform that offers industry-leading security and flexible payment methods. Our liquidity is also among the best on the market. Additionally, we continually strive to maximize user security and provide the smoothest P2P crypto trading experience.
Therefore, we have launched Cash Zone to make Binance P2P a more convenient gateway to access digital assets and for beginners to start their crypto journey. When you become a cash merchant on our platform, you can post cash trading ads and meet users in person at your physical store to trade crypto using fiat currency.
What are the Benefits of Becoming a P2P Cash Merchant?
Option of posting exclusive ads
All cash merchants on our platform can provide cash payments as a payment option and post ads in exclusive trading zones. Additionally, cash merchants will have the option to create and distribute physical Binance Gift Cards that can be customized with the user's desired alias and price.
Advanced management tools
Cash merchants can access special pro trading tools to make remote order and store management systems a smoother experience.
Increase exposure to the brand
When exploring the Cash Zone, users can activate location services to easily find nearby cash merchant shops. Additionally, once a P2P user clicks on your profile page, they can easily find your store listing via the designated Cash Ads tab, thereby driving traffic to your physical store.
Activities and rewards for cash merchants
Besides being able to display exclusive store banners to promote your cash trading services, cash merchants can enjoy special rewards for their performance. For example, the five merchants with the highest cash advertising transactions each month will receive voucher rewards.
Trade crypto easily and securely on Binance P2P — become a cash merchant today!
What Does It Take to Become a Cash Merchant?
As a basic requirement, you must be a verified Binance P2P merchant who has experience handling P2P and cash trading. You also need a physical location (such as a store or office) with fixed opening hours. Lastly, depending on the region where you live, you may have to provide a security deposit of up to 30,000 BUSD.
How to Become a P2P Binance Cash Merchant
Interested in becoming a P2P cash merchant? Get started in just a few easy steps.
If you are not yet a verified Binance P2P merchant, log in to your Binance account, click [Register now], then fill out the merchant registration form.
After becoming a verified merchant, open the merchant portal, then click [Profile] on the user dashboard. Then, select the [Cash Merchant] tab, then click [Register Now].
Enter the required information on the form and make sure you have enough BUSD in your Funding Wallet.
If you pass the initial screening, a Binance representative will contact you via Telegram or email within 14 days to review your store. Please note that you may be asked to provide additional information or documents if necessary.
Once the final review is successful, you can log in to your merchant portal to post your first cash ad.
For more information about the Binance P2P Cash Merchant application process, read the How to Become a Binance P2P Cash Merchant FAQ article.
How to Complete Your Cash Merchant Profile
Open the merchant portal, click [Profile] in your [Dashboard], then select the [Cash trading] tab.
Enter your basic information, such as Telegram username, mobile number, supported fiat currencies, and business type. Click [Next].
Add your cash store name and address.
Upload your rental document or property ownership certificate as proof, then enter your opening hours. Click [Send].
Please note that once you submit your store information, you cannot change your address or ask a counterparty to meet you at another location.
How to Post Cash Ads Through the Merchant Portal
Log in to the merchant portal, click the [Post Ad] button in the top navigation bar, then select [Cash Trade].
Select the store you are registering with and set the price type, trade amount, order limit, and payment deadline for your ad. You can also add descriptions and set conditions for your counterparties.
Once you have entered all the necessary settings, click [Publish] and read the disclaimer in the pop-up window, then click [I Understand]. Then, you will be asked to double-check the information on your ad. If everything is correct, click [Confirm publishing].
How to Post Cash Ads Through the Binance App
Log in to the Binance app, then open [P2P Trading].
Tap […], then select [Ad Mode].
Next, tap [P2P] at the top of the screen, then select [Cash].
Select [Ads] in the bottom menu to open your ad list, then click [+] to create a new ad.
Enter your store name, price type, trade amount, order limit, and payment deadline for your ad. You can also add notes and set conditions for your counterparties.
Your cash ad is ready to post once you complete all the necessary settings. Once you complete two-factor authentication (2FA), your ad will be published.
Start your Binance P2P Cash Merchant Journey
Ready to become a cash merchant today? You can apply in just a few easy steps! Register for a Binance account and complete the identity verification process. Once your account is verified and has met the cash merchant application requirements, you can start offering cash as a payment method.
From now until March 31, 2023, merchants who post cash ads can enjoy zero maker fees for every successful trade.
(Blog) Introduction to P2P Trading: What is P2P Trading and How Do Local Bitcoin Exchanges Work?
(FAQ) How to Post Cash Ads on Binance P2P Merchant Portal
(FAQ) How to Post Cash Trading Ads on Binance P2P (App)
Disclaimer: Use of the Binance P2P service and all information and other content (including that of third parties) included in or accessible from the Binance P2P service is a decision based on your own risk considerations. Our sole responsibility is to handle crypto transactions. All payments are final upon completion unless otherwise legally stated. The Binance P2P Platform has neither the right nor the obligation to resolve any disputes arising from completed payments. Neither the Binance P2P platform nor the merchant is responsible for your losses in completed payments.
