Binance’s account closures in Europe are confirmed.
Affected accounts in four countries—France, Spain, Italy, and Poland—will officially be closed on December 31. A Binance spokesperson confirmed it directly to CoinDesk on November 7. This isn’t just a rumor.
It all comes down to MiCA. The transition period ended on July 1, and Binance still hasn’t obtained a license. Its French registration automatically expired on July 2. After four months of delays, the shoe has finally dropped.
Here’s the timeline. Fees start accruing on November 29: any coins remaining in your account will incur a monthly fee of 0.025%, with a minimum of 10 USDC—whichever is higher. Another fee will be charged after December 24, and accounts will be closed on December 31. Whether your balance is $BTC or another coin, the same fee rules apply.
There’s only one way to avoid the fee: withdraw everything from your account before November 29, and you won’t have to pay a cent.
Deposits have already been blocked, but crypto and fiat withdrawals are still available as usual. Binance itself says this isn’t a freeze, but an orderly withdrawal.
Small accounts are hit the hardest. If your balance is under $40,000, 0.025% comes to less than the 10 USDC minimum, so you’ll effectively pay 10 USDC.
If you’re in Europe, check your email and the notifications in the app to see whether you’re affected. Withdraw before November 29, and this won’t concern you.
Personal analysis; not investment advice.
#BinanceEuropeAccountClosures
Affected accounts in four countries—France, Spain, Italy, and Poland—will officially be closed on December 31. A Binance spokesperson confirmed it directly to CoinDesk on November 7. This isn’t just a rumor.
It all comes down to MiCA. The transition period ended on July 1, and Binance still hasn’t obtained a license. Its French registration automatically expired on July 2. After four months of delays, the shoe has finally dropped.
Here’s the timeline. Fees start accruing on November 29: any coins remaining in your account will incur a monthly fee of 0.025%, with a minimum of 10 USDC—whichever is higher. Another fee will be charged after December 24, and accounts will be closed on December 31. Whether your balance is $BTC or another coin, the same fee rules apply.
There’s only one way to avoid the fee: withdraw everything from your account before November 29, and you won’t have to pay a cent.
Deposits have already been blocked, but crypto and fiat withdrawals are still available as usual. Binance itself says this isn’t a freeze, but an orderly withdrawal.
Small accounts are hit the hardest. If your balance is under $40,000, 0.025% comes to less than the 10 USDC minimum, so you’ll effectively pay 10 USDC.
If you’re in Europe, check your email and the notifications in the app to see whether you’re affected. Withdraw before November 29, and this won’t concern you.
Personal analysis; not investment advice.
#BinanceEuropeAccountClosures