Binance Announces Upgrade to VIP Investor Program: What You Need to Know

March 7, 2024

Introduction to Binance's Enhanced VIP Investor Program

Binance, recognized as the world's largest cryptocurrency exchange, has unveiled a substantial enhancement to its VIP Investor Program, heralding a transformative shift for users. Effective March 14, 2024, at 12:30 UTC, Binance will integrate its current VIP Investor Programs for Simple Earn Locked Products and Dual Investment into a unified program. Moreover, the upgraded initiative will encompass subscription amounts from Simple Earn Flexible Products and ETH Staking, streamlining user experiences across various investment avenues.

Integration of VIP Investor Programs

The primary objective behind this strategic move is to streamline the process for users with assets spread across multiple Earn products, enabling them to qualify for VIP levels 1-4 and access a broader spectrum of rewards within the Binance VIP ecosystem.

Determination of VIP Tiers

Determination of VIP tiers will be contingent upon a user's 30-day average earn subscription amount and daily average BNB holdings. Automatic upgrades to the corresponding VIP tier will occur between 01:00 and 06:00 UTC the following day for users meeting the stipulated criteria, positioning them for enhanced benefits within the Binance platform.

Fee Structure and Trading Benefits

The upgraded VIP Investor Program brings forth an array of advantages tailored to meet the evolving needs of users. These benefits encompass reduced trading fees, personalized limits, tailored product offerings, exclusive invitations to VIP events and industry gatherings, and dedicated customer support.

The fee structure is designed to provide discounted rates based on VIP levels, with higher tiers unlocking more significant discounts. Additionally, VIP users gain access to flexible trading limit configurations across spot and futures trading, augmented API limits, increased withdrawal capacities, and the ability to create sub-accounts.

User Verification and Program Mechanics

Participation in the VIP Investors Program mandates user verification on the Binance platform. Binance will routinely assess users' 30-day average earn subscription amounts and daily average BNB holdings, with VIP tier upgrades taking effect automatically between 01:00 and 06:00 UTC the following day.

Considerations for Calculation and Verification

Notably, Binance clarified that WBETH holdings in the Earn wallet will be factored into users' subscription amounts in ETH Staking. However, assets directly subscribed to Launchpads and/or Launchpools will not contribute to the calculation of users' 30-day average earned subscription amount.

Verification and Access to VIP Levels

In instances where users qualify for a higher VIP level under another subprogram of the Binance VIP Program, the highest VIP level will be applied. Users can conveniently verify their current VIP level by accessing the VIP Fee Structure or User Dashboard.

Binance's Discretion and Translation Clarifications

While introducing these enhancements, Binance underscores its prerogative to amend or terminate the VIP Investor Program at its discretion. Additionally, the exchange emphasizes the potential for discrepancies in translated versions of the original announcement in English, advising users to refer to the original version for the most accurate and up-to-date information.