Binance European Account Closures: Fees and Dates

Binance European account closures will affect customers in France, Spain, Italy and Poland, who have been told to withdraw their funds before monthly fees start on Nov. 29. Binance will close the affected accounts on Dec. 31, 2026. The fee is 0.025% of the remaining crypto balance or 10 USDC▲$0.9996, whichever is higher.

Deposits are blocked, but crypto and fiat withdrawals remain available. Binance says the restrictions follow the end of the transition period under the European Union’s Markets in Crypto-Assets (MiCA) rules.

💡What Binance's European closure notices say
📖Why MiCA is central to Binance's European restrictions
🎯Binance's licensing path and earlier notices
🔑What the account changes mean for affected customers
⚠️Risks for users as Binance applies the plan
👥What happens next for Binance users in Europe
❓FAQ

What Binance’s European closure notices say

Withdrawals remain open while deposits are blocked

Affected customers can still withdraw crypto and fiat, but they cannot make new deposits. Binance’s spokesperson called the change a progressive restriction of services, not an immediate freeze, and said customers can still access their assets.

The spokesperson described the closures as “a carefully managed process” with “no sudden freeze.” Customers can withdraw during the notice period, but deposits are blocked and monthly deductions are due to begin. Binance has not said deposits will reopen on a set date.

Users have shared emails outlining the timetable. CoinDesk reported that customers in France, Spain, Italy and Poland had received similar notices. Binance confirmed the service restrictions and closure date.

The notices lay out several deadlines. Withdrawals remain available while the accounts are open; the first fee will be collected shortly after Nov. 29, with another collection after Dec. 24. Binance says assets remain accessible before closure, but has not promised that crypto left in an account will remain in its original form after year-end.

The fee and closure timetable

The first monthly fee is due within three days of Nov. 29. A second charge is scheduled after Dec. 24, before affected accounts close with effect from Dec. 31.

Binance will take the fee from USDC holdings first, then from other crypto if needed. If an account holds less than the fee, the email says Binance may take the entire balance.

Balances can change during the notice period. Any funds left after the first deduction may face the later charge, reducing the amount available to withdraw. Customers should check the deadlines and fee terms in the notice sent to their account.

Why MiCA is central to Binance’s European restrictions

Authorization is required to serve customers across the EU

MiCA requires crypto exchanges to obtain authorization in an EU member state before serving customers across the bloc. Binance says its restrictions followed the end of the MiCA transition period, which let firms operate under national arrangements as the new framework took effect.

Binance points to the end of that transition period as the reason national arrangements gave way to the current restrictions. Before it ended, the exchange had locally registered businesses in the four countries named in the notices. The plan concerns those accounts, not a general closure of Binance throughout Europe; the exchange has not said every EU customer faces the same timetable.

Customers in Portugal have not been singled out in the same way, according to Portuguese newspaper Expresso, although broader EU restrictions still apply to them.

The notices target customers in countries where Binance previously had local entities, rather than every EU user. That does not mean Portuguese customers are exempt from MiCA or that their service arrangements will stay unchanged. The closure communications name some customers, while bloc-wide authorization requirements still apply more broadly.

France’s registration status changed in July

France’s financial regulator, the Autorité des marchés financiers (AMF), lists Binance France’s registration as having lapsed automatically on July 2, 2026. The registration had been in place since May 2022; France’s national registration regime ended on the same date.

More than 50 providers without a MiCA license were removed from the relevant French framework, including Gemini’s European unit. The change forms part of the regulatory backdrop to Binance’s account plan.

The French change affected more than Binance. When the national regime ended, providers without a MiCA license were removed. Binance France’s earlier registration did not amount to the EU-wide authorization now required to serve customers across the bloc. The July lapse came months before fees start in November and accounts close in December, as the transition period reached its end.

Binance’s licensing path and earlier notices

Users were first contacted in June

Binance first contacted users in France, Spain, Italy and Poland in June and urged them to withdraw. Before the MiCA transition period ended, the exchange operated locally registered businesses in those countries, according to the customer notices.

The November emails put dates and costs to the earlier warning. The June message urged users to withdraw; the current notices say deposits are blocked and explain what may happen to remaining balances. They name the same four countries, marking the next stage of a process communicated earlier.

The exchange withdrew its Greek application

Binance withdrew an application for a Greek MiCA license in June and said it would seek authorization in another EU member state. It has not named the country and does not appear in the European Securities and Markets Authority’s register of authorized crypto providers.

When it withdrew the Greek application, Binance said it was confident it would secure a license in the coming months. The exchange’s current spokesperson says its commitment to Europe is unchanged and that it is progressing its authorization pathway.

Binance has not publicly identified another country where it will file. Its confidence in securing a license came when it withdrew the Greek application; its more recent statement says authorization work is ongoing but gives no country, decision date or revised timetable. Its absence from ESMA’s register means there is no public confirmation of an approved application in another member state.

Binance says it can restrict services for affected accounts while continuing to pursue authorization in Europe. The notices do not say whether those customers will later be able to use the same accounts or need a different service arrangement.

What the account changes mean for affected customers

Customers face a short window before the first charge

Customers who want to avoid the monthly charge must withdraw their remaining assets before fees start. Deposits are blocked, so they cannot add funds to offset a fee or keep the account active under the existing arrangement.

The 10 USDC minimum matters most for small balances: when the percentage charge is below that floor, the higher minimum applies. Binance’s emails also say an account holding less than the fee may lose its entire remaining balance.

Because the fee is based on the remaining crypto balance but cannot fall below the minimum, it can take a large share of a small account. Binance says it will use USDC first, then other crypto if needed. With deposits disabled, withdrawing is the option available to customers who want to avoid leaving a balance exposed to the fee.

The monthly fee and account closure are separate deadlines. Avoiding the first deduction does not change the announced year-end closure, and funds left after the first collection may face another charge. Binance schedules that second collection after Dec. 24.

Funds left after the closure date may be handled differently

Binance says accounts with crypto remaining after Dec. 31 will be treated as inactive. The assets may be converted or transferred, so customers may not keep them in the same form or account arrangement.

Binance’s terms allow it to charge a dormant-account fee each month to cover the cost of maintaining digital assets with a Binance affiliate or a third party. That provision is consistent with the fee in the customer emails. Customers should follow the specific notice sent to their account.

The terms say a dormant-account fee may be withdrawn directly from an inactive account each month to cover the cost of maintaining digital assets. They do not specify how Binance will convert or transfer assets in these affected accounts. The notice separately warns that remaining assets may be converted or transferred after the account becomes inactive.

Dec. 31 is not simply a date after which the account stays untouched. Binance may change the form of the assets or where they are held. Customers with funds remaining should not assume that the withdrawal access available before closure will continue under the same conditions afterward.

Risks for users as Binance applies the plan

Fees can consume small balances

Binance may take the monthly charge from USDC first, then from other crypto. The email says it may deduct an entire balance if that balance is less than the fee. Customers with larger balances may also face repeat charges if funds remain through both collection dates.

This is not a one-time administrative charge. Binance’s schedule calls for monthly deductions, with the first within three days of Nov. 29 and a second after Dec. 24. Customers who leave funds in place face both the minimum fee and the possibility of more than one collection before closure. The notices do not say that balances too small to cover the fee will be preserved for later withdrawal.

Unresolved authorization leaves the service path uncertain

Binance says it is pursuing European authorization, but it is not listed in ESMA’s register of authorized crypto providers and has not named the member state where it plans to apply. The exchange’s longer-term availability across the bloc depends on that licensing path.

With the Greek application withdrawn and no alternative country named, where Binance will apply and when regulators might decide remain open questions. The company says it is progressing, but has given no filing destination or approval date. Until the route is clearer, customers have a firmer account timetable than Binance has offered for its European operations.

The deadline for affected customers is clear: withdrawals remain open now, fees start Nov. 29, and accounts are scheduled to close on Dec. 31.

What happens next for Binance users in Europe

Fee deductions begin Nov. 29

Binance plans to take the first charge within three days of Nov. 29 and a second charge after Dec. 24. The announced rate is 0.025% of the remaining crypto balance per month, with a 10 USDC minimum.

Customers who received a notice can plan withdrawals before the first collection and check their balances again before the second. Binance has not announced a pause in the fee schedule or a change to the deposit restriction. Its notices say withdrawals remain available as the deductions approach; the next scheduled step is the first charge.

Account closures take effect at year-end

Affected accounts are scheduled to close with effect from Dec. 31, 2026. Binance says crypto left after that date will be treated as belonging to an inactive account and may be converted or transferred.

The exchange says it is also progressing toward authorization in Europe after withdrawing its Greek application. It has not named the alternative EU member state where it intends to apply.

Binance has not publicly named the member state or given a date for an authorization decision. The customer communications set out the account milestones: the first fee is due shortly after Nov. 29, another after Dec. 24, and closure at year-end. Users in the named countries have a published timetable even as the exchange’s future authorization route remains unspecified.

FAQ

When does Binance start charging the monthly fee?

The fee period begins Nov. 29, 2026. Binance says the first deduction will be made within three days of that date, followed by another charge after Dec. 24.

Can affected users still withdraw money from Binance?

Yes. Binance says crypto and fiat withdrawals remain available for affected customers, even though deposits have been blocked.

How much can Binance deduct each month?

The charge is 0.025% of the remaining crypto balance or 10 USDC, whichever is higher. Binance says it will use USDC first and other crypto if needed.

Which countries are named in the closure notices?

Users in France, Spain, Italy and Poland have said they received notices. Portugal-based customers have not been singled out in the same way, although broader EU restrictions still apply.

What is Binance doing to continue operating in Europe?

The exchange says it is pursuing authorization under MiCA after withdrawing its Greek application in June. It has not identified the other EU member state where it plans to seek approval.

What happens to crypto left in an account after Dec. 31?

Binance says affected accounts with crypto remaining after Dec. 31 will be treated as inactive. The assets may be converted or transferred.

Why does Binance say it is restricting accounts?

The exchange says the restrictions follow the end of the MiCA transition period. That period had allowed firms to operate under national arrangements while the EU framework took effect.

This article is for information only and is not financial advice.