Binance will close some EU accounts on 31 December, with fees from 29 November

Binance accounts belonging to some EU users will close on 31 December, and emails to those users say monthly fees on any crypto left behind start on 29 November. People in France, Spain, Poland and Italy have reported the notices.

The exchange confirmed the closures to CoinDesk and ties them to the end of the MiCA transition period. EU law requires a licence to serve customers across the bloc, and Binance does not have one.

“Affected accounts will be closed with effect from 31 December 2026.”

— Binance spokesperson, CoinDesk

Quote source: CoinDesk, 7 November 2026.

What the fee looks like

The fee terms below come from the emails. CoinDesk did not independently verify them and worked from summaries and screenshots users posted on X. Binance’s site terms allow a dormant account fee, but CoinDesk has not confirmed the email refers to the same provision.

• from 29 November: 0.025% of the remaining crypto balance each month, or 10 USDC, whichever is higher;
• first charge within three days of 29 November, second charge after 24 December;
• USDC goes first, then other assets if there is not enough;
• a balance smaller than the fee is taken in full.

By our arithmetic, the 10 USDC floor applies to any balance under 40,000 USDC. On $1,000 of crypto, that is 1% a month. A balance of 15 USDC would be gone after two charges.

What to do if you got the email

Deposits are blocked, while crypto and fiat withdrawals stay open. Binance says there is “no sudden freeze.” After 31 December it will treat what remains as inactive, which may mean conversion or transfer, and getting those assets back may require extra verification, crypto.news reports.

Read your own email first, because the reports rest on what users shared. To skip the first charge, withdraw everything before 29 November. Send a small test transfer, check the network and the withdrawal fee, and download your trade history for taxes. You can move coins to your own wallet, as our storage guide explains, or to a firm that holds a MiCA licence.

Why these four countries

Binance first asked users in these four countries to withdraw in June. It ran locally registered businesses there before the transition ended. Users in countries without a local entity, such as Portugal, have not been singled out but remain subject to wider EU restrictions, according to the Portuguese newspaper Expresso.

France’s AMF lists the registration of Binance France, held since May 2022, as lapsed on 2 July. The regulator removed more than 50 providers without MiCA licences, including Gemini’s European unit.

Where the licence stands

Binance withdrew its application in Greece in June and said it would apply in another member state, which it has not named. “We are confident we will secure a license in the coming months,” it said then. It does not yet appear in ESMA’s register of authorized providers. The spokesperson now says the company is “actively progressing our authorization pathway.” None of the reports we read says a closed account would reopen if that licence arrives, so plan your withdrawal around the dates you have.

Based on CoinDesk and crypto.news, checked on 9 November 2026. The fee terms come from user emails and have no public Binance announcement behind them. This is information, not investment advice.