Binance VIP program upgraded

Amid the market turmoil, Binance continues to improve the accessibility and trading experience of the Binance VIP program. The Binance VIP program is a loyalty program that rewards people who actively use Binance’s services. 

New points at Binance VIP Program

• Spot Trading

Now, users from VIP 4 and above can enjoy Spot transaction fee for VIP 9: Maker/Taker fee: 0.0200%/ 0.0400% Maker/Taker fee paid by BNB (25% discount): 0.0150%/ 0.0300%

• BNB balance calculation mechanism

The average daily BNB balance calculation mechanism will also be updated from June 16, 2022 (UTC). Now. BNB placed in Locked Staking and DeFi Staking will be taken into account when calculating your average daily BNB. This upgrade gives eligible Binance users access to the Binance VIP Program even further.

Benefits of Binance VIP Program

• Dedicated support

Access exclusive VIP customer service channels and your own account manager.

• API connection

Get a higher frequency of API orders. Users can access the Binance API more seamlessly with the recently launched Binance API page.

• Sub-account features

Choose from three sub-account types with different access and control parameters to ensure the privacy of your fund and trading strategy is secure.

• Margin trading

Borrow up to $10 million and more with escrow while enjoying lower interest rates and get up to $1,000,000 in a 0% margin bonus voucher based on your margin loan volume.

• Liquidity swaps and Dual Investments

Earn cash bills of up to $10,000 per month from liquidity swaps and dual investments based on your trading volume and ratings.

• Savings and Staking

Put on a white list for custom deposit limits, interest rates and lockout times.

Eligibility to participate in Binance VIP program

To be eligible for the Binance VIP program, you must meet the following:

1. BNB balance: 25 BNB or more
2. Binance Spot trading volume in the last 30 days must reach at least 1,000,000 BUSD or Binance Futures trading volume in 30 days must reach at least 15,000,000 BUSD.

Who is entitled to the upgrade of binance VIP program?

The upgrade only applies to current users at VIP levels 4 and above. In addition, if you are upgraded to VIP 4 or higher based on your Spot trading volume or Futures Contract over the past 30 days, you will automatically be eligible to upgrade the program the next day when upgrading the VIP level.

Note: If you are upgraded to VIP 4 with a VIP upgrade voucher but do not meet the required trading criteria, you will not be eligible for the upgrade. 

>>> See more: Binance Labs set aside a $500 million investment fund to accelerate the adoption of cryptocurrencies, Web3 and Blockchain.