- Binance will start monthly fees on leftover balances from Nov. 29.
- Some users in France, Spain, Italy, and Poland reported closure notices.
- Affected Binance accounts are set to close on Dec. 31, 2026.
Binance Europe users in several countries are being told to withdraw crypto before new monthly charges begin and before certain accounts close at the end of 2026. Binance said deposits are already blocked for affected customers, but withdrawals of crypto and fiat remain available. The exchange linked the move to the end of the transition period under the European Union’s MiCA framework and said it is progressively restricting services for some users. According to Binance, assets remain safe and accessible during the process, with no sudden freeze. The notices have been reported by users in France, Spain, Italy, and Poland, with the main deadlines set for Nov. 29 and Dec. 31.
Binance Europe deadlines for affected users
Binance Europe said some customers are receiving emails urging them to withdraw funds before monthly fees begin on Nov. 29. A Binance spokesperson told CoinDesk that affected accounts will close with effect from Dec. 31, 2026, and described the process as carefully managed. Users who shared the notices said the messages also stated that deposits had been blocked.
The exchange said customers can still withdraw both crypto and fiat balances. Binance Europe also said user assets remain safe and accessible throughout the process and that there is no sudden freeze. Reports of the notices first appeared in France, while users in Spain, Italy, and Poland also said they had received similar warnings about account closure.
Binance Europe fees and balance treatment
Starting on Nov. 29, Binance Europe will charge 0.025% of a user’s remaining crypto balance each month, or 10 USDC, whichever amount is higher. The first charge will be taken within three days of Nov. 29, and a second charge will be taken after Dec. 24. Emails shared by users said that if an account holds less than the required fee, the full remaining balance will be taken.
Binance said the fees will be deducted from USDC holdings first and then from other crypto assets if necessary. It also said that accounts still holding crypto after Dec. 31 will be treated as inactive, which may result in those assets being converted or transferred. The exchange’s website terms also say it may charge a monthly dormant account fee to cover asset maintenance costs.
MiCA rules behind Binance Europe restrictions
Binance Europe linked the restrictions to the end of the transition period under the European Union’s Markets in Crypto-Assets rules. Under MiCA, crypto exchanges need authorization in an EU member state in order to serve customers across the bloc. Binance still does not have a MiCA license.
The company withdrew its application for a Greek MiCA license in June and said at the time that it planned to seek approval in another EU member state, which it has not named. Binance also said then that it was confident it would secure a license in the coming months. It still does not appear in the European Securities and Markets Authority register of authorized crypto providers.
Country differences and French registration changes
In June, Binance first contacted users in France, Spain, Italy, and Poland, asking them to withdraw funds. These were countries where the exchange had operated locally registered businesses before the MiCA transition period ended. Users in countries where Binance had no local entity, including Portugal, were not singled out in the same way, according to Portuguese newspaper Expresso, though they remain subject to broader EU restrictions.
In France, the Autorité des marchés financiers shows that Binance France’s registration lapsed automatically on July 2. That registration had been in place since May 2022. The date marked the end of France’s national registration regime, and more than 50 providers without a MiCA license, including Gemini’s European unit, were removed from that framework.
Conclusion
The Binance Europe changes lay out a specific timeline for some users in affected countries. Deposits are blocked, withdrawals remain available, monthly charges begin on Nov. 29, and Binance said the affected accounts will close on Dec. 31, 2026. Users in France, Spain, Italy, and Poland have reported receiving the notices, while the exchange tied the restrictions to the end of the MiCA transition period and its still-unfinished EU authorization path. Binance Europe said assets remain safe and accessible during the process, and it maintained that its broader commitment to the region has not changed even though it still lacks a MiCA license.
Disclaimer
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