Binance accounts closing 31 December: outside France?

Binance is closing the accounts of users in several EU countries on 31 December 2026. The Paypers reports this on 9 November 2026, citing CoinDesk: users in France, Spain, Italy and Poland say they received the same email. According to The Paypers, a Binance spokesperson confirms that the accounts concerned will be closed as of 31 December. From 29 November, you pay a monthly fee on any crypto still in the account.

Our article of 7 November covered Binance France only. In it we said we could find nothing about other countries. That has changed, but not completely: the sources do not all name the same countries, and we could not open the email itself. Below you will find what the sources say is established, what users report, and what you can do now.

Binance accounts in short

• Closing date: 31 December 2026. A spokesperson said, according to The Paypers: "Affected accounts will be closed with effect from 31 December 2026", and described a managed process. In his words, user funds remain safe and accessible, with no sudden freeze.
• Fee from 29 November 2026: 0.025% of the remaining balance per month, or 10 USDC if that is higher. The first deduction follows within three days of 29 November, a second after 24 December.
• Deposits are blocked, withdrawals are still possible. According to The Paypers, which follows CoinDesk, users can still withdraw both crypto and fiat.
• Countries where users report the email: France, Spain, Italy and Poland (The Paypers). Cointelegraph also asked the spokesperson about Spain and Belgium; he did not respond on that point.
• Portugal: according to The Paypers, citing the Portuguese newspaper Expresso, users in countries where Binance had no local entity, such as Portugal, did not receive a comparable email. They are still covered by the broader EU restrictions.
• Reason according to Binance: the end of the MiCA transitional period. The spokesperson told Cointelegraph that Binance is "progressively restricting certain services for affected users", following the schedule previously communicated to them.
• Unconfirmed: The Paypers writes that the content of the email has not been independently confirmed. We could not open it either.

What exactly do the sources say?

Two sources that we opened ourselves give this picture together.

For France, Cointelegraph quotes the email published by Cryptoast: "Due to the orderly cessation of activities, your Binance France account will close as of December 31, 2026." For other countries we have not seen a copy of the email.

Worked example: what the fee costs

The fee is 0.025% of the balance or 10 USDC, whichever is higher. This is a worked example based on the rule as the sources describe it, not an amount from Binance itself. The 10 USDC therefore outweighs the percentage as long as the balance stays below 40,000 USDC (10 divided by 0.00025).

With a small balance, the fee is therefore a large share of what you have. According to the source there are two deductions, one after 29 November and one after 24 December. Whether the second follows the same rule is not stated in the sources we opened. With a small balance, assume an upper limit of twice 10 USDC, and empty the account before 29 November if you can.

Which date counts?

The closing date is 31 December, but the practical deadline is 29 November.

Anyone who waits until the end of December therefore pays the fee at least once and leaves it to Binance to decide what happens to the rest.

What does this mean for you as a European investor?

Do you have an account in France, Spain, Italy or Poland? Check your own account and your email for a message. That the sources name these countries does not mean your account is affected; nor does it mean it is not. If in doubt, move your crypto out before 29 November.

How do you move it out? Withdraw to a wallet whose keys you hold, or to another exchange whose address you control yourself. Do a small test transfer first. You can read more about the choice in how to choose a crypto wallet. Withdrawing to your own wallet is not a sale; what it means for your taxes depends on your country, see crypto tax in Europe.

Do you live in Belgium? Cointelegraph writes that there are reports of similar emails in Spain and Belgium. The spokesperson did not respond on that point, so it is not confirmed. Check your account and your email.

Do you live in the Netherlands, Germany or Portugal? The sources say nothing about a closure for users there. According to The Paypers, users in Portugal did not receive a comparable email.

Looking for another exchange? Check whether a provider is in the MiCA register: the overview of MiCA authorisations. You will find a comparison of costs and authorisation at comparing crypto exchanges. An authorisation says something about supervision, not about the quality or the cost of the service.

Watch out for scammers. A closure with a deadline is a perfect theme for fake emails. Open the app or the site yourself and do not click on links in a message.

The earlier article about France is here: Binance France closes accounts: fees from 29 November.

What is not certain yet

• The official text. We could not open the email or Binance's announcements. Everything above comes from trade media. If the official text differs, it takes precedence.
• Exactly which countries. The Paypers names France, Spain, Italy and Poland. Cointelegraph mentions Spain and Belgium in reports, but the spokesperson did not respond to that. We name only what a source writes.
• How many accounts. Binance has not said how many users it affects.
• The second deduction. Whether the same rule (0.025% or at least 10 USDC) applies again after 24 December is not stated in the sources.
• What happens to crypto after 31 December. "Conversion or transfer" is the wording from the reports; how that works in practice is not described.
• Binance's authorisation route. According to The Paypers, the spokesperson said the commitment to Europe is unchanged and that Binance is continuing its authorisation process. No member state or date is named.

This article is not investment advice. Crypto can fall sharply in value and you can lose your entire stake.

Frequently asked questions

Will Binance close my account on 31 December?

Only for accounts that Binance has flagged as affected. The sources name users in France, Spain, Italy and Poland. Whether your account is among them, you can see in your own account and your email.

What does it cost to leave my crypto on Binance?

According to the reports, from 29 November it is 0.025% of the balance per month, or 10 USDC if that is higher. Anyone with an empty account on 29 November pays nothing, according to the sources.

Can I still withdraw?

Yes. According to The Paypers, deposits are blocked, but you can still withdraw crypto and fiat. The spokesperson says funds remain safe and accessible.

What happens to crypto still in the account after 31 December?

According to the reports, the account is treated as inactive, and the crypto can be converted or transferred. So withdraw before the closure takes effect.

Do I have to sell my crypto to move?

No. You can withdraw a coin to your own wallet or another exchange without selling it. Whether that affects your taxes depends on your country.

Sources

Read on 9 November 2026.

• The Paypers: Binance to close accounts in some EU countries amid MiCA licence gap, 9 November 2026, with CoinDesk (7 November) as the source for the emails and the spokesperson's statement.
• Cointelegraph: Binance France announces closure of users' accounts on Dec. 31, 8 November 2026, with the response from a Binance spokesperson.
• Cryptocode: Binance France closes accounts: fees from 29 November, 7 November 2026.