Binance to Close Some European Accounts and Charge Fees on Remaining Balances
Binance notifies European users of account closures and upcoming fees
Binance is telling users in several European countries to withdraw their cryptocurrency before their accounts are permanently closed on December 31, 2026. The crypto exchange, which is a platform for buying and selling digital currencies, will also begin charging monthly fees on any remaining balances starting in late November.
Affected users are located in countries including France, Spain, Italy, and Poland. While new deposits have already been blocked, the company stated that customers can still withdraw their funds and that their assets remain safe and accessible.
Important deadlines and fee details
- Users are urged to withdraw funds before November 29, 2026, to avoid monthly charges.
- Starting November 29, Binance will charge a monthly fee of 0.025% of the remaining balance or 10 USDC, whichever is higher. USDC is a stablecoin, a type of crypto designed to keep a steady value tied to the U.S. dollar.
- The first fee will be taken within three days of November 29, and a second fee will be charged after December 24.
- If an account balance is lower than the required fee, the exchange will take the entire remaining amount.
- All affected accounts are set to close on December 31, 2026.
Official statement on regulatory changes
A Binance spokesperson confirmed the service restrictions, describing the move as a "carefully managed process." The exchange explained that these actions follow the end of the transition period for the European Union's Markets in Crypto-Assets (MiCA) rules. Binance currently does not hold the MiCA license required to serve customers across the EU.
Confirmed details of the account restrictions
According to reports and emails shared by users, deposits into affected accounts are now blocked. However, the exchange has clarified that there is "no sudden freeze" on withdrawals. Users are still permitted to move their crypto and traditional money out of their accounts until the final closure date.
How MiCA regulations affect European users
The account closures are linked to new European regulations for digital assets. In France, Binance's local registration lapsed automatically on July 2, 2026. This occurred as the country's national registration system ended, leading to the removal of over 50 providers that did not have a MiCA license.
Timeline for final charges and closures
The first dormancy fees will be applied starting November 29, 2026. A second round of fees will follow in late December. All affected accounts are scheduled to be shut down permanently on the final day of the year.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.