Binance has reportedly told users in France, Spain, Italy and Poland that their accounts will close with effect from 31 December 2026. Before then, affected users can withdraw their crypto and fiat to another licensed exchange, a self-custody wallet, or both. Withdrawals stay open, though customer emails describe a monthly fee on remaining balances starting 29 November. Wallet holders can then swap native assets across chains on Chainflip without opening a new account.
What did Binance reportedly announce for EU users?
Binance has reportedly notified users in four EU countries that their accounts will close because MiCA transition periods have ended. A Binance spokesperson told CoinDesk on 7 November: “Affected accounts will be closed with effect from 31 December 2026,” as reported by The Paypers. We found no standalone official Binance notice, so the details below come from press coverage and customer emails.
For affected accounts, deposits are disabled but withdrawals of crypto and fiat remain open, according to TokenPost in November 2026. Binance also said assets remain accessible and have not been frozen. Customers in all four countries said Binance emailed them about withdrawing their holdings, with outreach starting in June.
The emails, as cited by CoinDesk and FinanceFeeds, describe a monthly fee on remaining crypto balances from 29 November 2026. It is reported at 0.025% of the balance with a minimum of 10 USDC. Balances below roughly 40,000 USDC would therefore pay the flat 10 USDC each month.
Key dates
1 July 2026: MiCA licence deadline, per CoinDesk
2 July 2026: Binance France registration ended automatically
29 November 2026: reported monthly fee on remaining balances begins
31 December 2026: affected accounts close
Which Binance users in the EU are affected?
The notices reportedly went to users in France, Spain, Italy and Poland, the countries where Binance previously ran locally registered businesses. That explains why Italian users have been searching “Binance chiude Italia” lately. Users elsewhere, for example in Portugal, have not been contacted in the same targeted way.
That does not mean everyone else is untouched. FinanceFeeds reported in November 2026 that the consequences depend on jurisdiction and account arrangements, and Binance has been restricting EU services since it did not secure a MiCA licence before the 1 July deadline. Check your inbox and the Binance app for a notice addressed to your account, and contact support if anything is unclear.
Why is Binance closing EU accounts under MiCA?
Binance is closing these accounts because MiCA requires exchanges to hold authorisation from an EU member state, and Binance does not have it yet. TokenPost reports that Binance France's registration ended automatically on 2 July 2026, when France's previous regime expired. Bitcoin Magazine notes Binance does not appear on ESMA's register of authorised crypto providers.
Binance has not stepped back from the region. On 24 June 2026 it withdrew its MiCA application with Greece's Hellenic Capital Market Commission and said it would pursue authorisation in another member state. “Binance remains committed to Europe,” the company said (CoinDesk). For broader context, our earlier piece on MiCA and swapping crypto without a centralized exchange covers the background.
What are your options before December 31?
Affected users have three practical options, and many will combine them.
Option | Best for | What you get | Trade-offs |
|---|---|---|---|
Stay on Binance | Users who have not received a closure notice | Your existing account and history | Wider MiCA restrictions still apply, so watch for updates |
Move to another MiCA-licensed exchange | Users who need euro deposits, withdrawals and an order book | Fiat rails and a familiar trading setup | New KYC, and the exchange holds your assets |
Withdraw to a self-custody wallet | Long-term holders who want direct control | You hold the keys and can move funds any time | You manage backups, and there are no direct fiat rails |
For anyone who relies on euro transfers, another MiCA-licensed exchange is a practical Binance alternative in Europe. Confirm the provider is on ESMA's register before moving funds. Some users will do both: withdraw euros to a bank and move crypto to a wallet.
How do you withdraw from Binance safely?
Withdraw on a network your receiving wallet supports, send a small test amount first, and verify the full address before confirming.
Pick the right network. USDT exists on several chains, including Ethereum, Tron and BNB Chain (BEP20), and the network you select on Binance must match the address you paste. Our beginner's guide to USDT on BNB Chain explains the differences.
Secure your wallet first. Write your seed phrase down offline before funding the wallet. Never share it or type it into a website.
Send a test amount. Withdraw a small amount, confirm it arrives, then send the rest. The extra network fee is cheap insurance.
Check the whole address. Compare every character of the address, including the middle, because attackers use lookalike addresses. Our guide to address poisoning and verifying a transaction before you send walks through the checks.
Download your records. Export your transaction history and statements before the closure date. You will want them for tax reporting.
How can you rebalance your crypto after withdrawing?
If you withdraw BNB or USDT on BNB Chain and want to hold something else, you can swap it on Chainflip. A native cross-chain swap converts it from your wallet into assets like native BTC, ETH, SOL or USDC. Chainflip added BNB Chain support, with native BNB and USDT on BNB Chain, in its v2.3 release in November 2026 (Chainflip SDK 2.3.2 release notes). Swaps settle in the destination chain's native asset, so you can buy native BTC without wrapped tokens or a bridge.
During a swap, funds pass through vaults secured by validators under a decentralized custody model, with no centralized custodian and no account to open. Chainflip processed $727M in swap volume in October 2026, up 17% from October 2025, according to Chainflip Scan. If the protocol is new to you, read our complete guide to Chainflip.
A simple example: you withdraw USDT to your wallet, open Chainflip, choose USDT as the source and BTC as the destination, and paste your Bitcoin address. The BTC arrives at that address on the Bitcoin network, and you can follow each step on Chainflip Scan. The same exchange crypto to crypto flow works if you would rather hold USDC on Ethereum or SOL on Solana.
Be clear about what this does not do. Chainflip is a crypto swap protocol, not an exchange account, so it does not handle euro deposits or withdrawals. If you need a fiat off-ramp, Binance's own fiat withdrawal or a MiCA-licensed exchange is the right tool.
What should you do next?
If you received a notice, aim to move your balances before 29 November, when the reported fee starts, and well ahead of the 31 December closure. Withdrawals stay open, Binance says assets are safe, and it continues to pursue MiCA authorisation, so there is no need to rush into a move you have not checked.
Choose another licensed exchange if you need euro rails, a self-custody wallet if you want direct control, or both. If you hold assets in a wallet and want to rebalance across chains, start a swap on Chainflip.
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FAQ
Is Binance closing all EU accounts?
No. Notices reportedly went to users in France, Spain, Italy and Poland, where Binance previously had local entities. Users in other EU countries remain subject to wider MiCA restrictions, so check whether your account has received a notice.
Can I still withdraw from Binance if my account is affected?
Yes. Deposits are disabled for affected accounts, but withdrawals of crypto and fiat remain open. Binance states customer assets are safe and accessible.
What is the reported monthly fee on remaining balances?
Customer emails reported by CoinDesk and FinanceFeeds describe a fee from 29 November 2026 of 0.025% of remaining crypto balances, with a minimum of 10 USDC. Balances below about 40,000 USDC would pay the flat 10 USDC.
Can I swap BNB or USDT on BNB Chain to native BTC?
Yes. Chainflip added native BNB and USDT on BNB Chain with its v2.3 release in November 2026. From your wallet, you can swap them into native BTC, ETH, SOL or USDC on their own chains.
Will Binance get a MiCA licence?
Binance says it remains committed to Europe and is pursuing authorisation in another EU member state after withdrawing its Greek application in June 2026. It has not said which regulator now holds its application.
