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Binance Ends Exchange NFT Support, 30-Day Migration to Wallet
Transferable NFTs must leave Binance Exchange by July 3 or become inaccessible. Up to 100,000 users get 1 USDC reimbursement. Self-custody risk for non-transferable assets.
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Binance is shutting down NFT support on its centralized exchange, giving holders a 30-day window to move assets to its self-custodial Binance Wallet or lose access. The migration period opened June 3, 2026 and closes July 3 at 00:00 UTC. Any transferable NFT left on the exchange after that deadline becomes inaccessible. Non-transferable NFTs cannot be moved at all and will be stranded immediately after the cutoff.
To reduce friction, Binance is offering withdrawal fee reimbursements. Up to 100,000 users can receive 1 USDC each for completing eligible non-CR7 NFT withdrawals before June 17, 2026. Holders of Cristiano Ronaldo-linked CR7 NFTs get a longer runway: their reimbursement window extends through the full July 3 deadline, with credits expected by July 19. The June 17 cutoff for non-CR7 reimbursements means users who delay past two weeks will pay their own withdrawal fees.
The 30-Day Migration Window: From June 3 to July 3
The deadline structure creates two hard stop dates. Non-CR7 holders lose the reimbursement incentive after June 17. All holders lose asset access after July 3. The window is short relative to typical user awareness cycles. Previous exchange sunset events – such as Binance’s 2023 NFT marketplace shutdown – saw a portion of non-transferable assets simply expire. The same pattern likely repeats here, especially for low-value NFTs where withdrawal costs exceed floor price.
| Action | Deadline | Key Condition |
|---|---|---|
| Withdraw transferable NFTs | July 3, 00:00 UTC | Assets become inaccessible after |
| Reimbursement for non-CR7 withdrawals | June 17, 2026 | Up to 100,000 users, 1 USDC each |
| Reimbursement for CR7 withdrawals | July 3, 2026 | Credits by July 19 |
| Non-transferable NFTs | No option | Permanently lost after July 3 |
Binance has not said whether it will provide a migration tool or automated transfer. Users must initiate the withdrawal themselves via the exchange’s interface. The 1 USDC reimbursement covers a fraction of typical gas fees on Ethereum or Polygon, making it a token gesture rather than a full subsidy.
Who Is Exposed: Custodial NFT Holders and the Self-Custody Shift
The User Base at Risk
The core exposed group is less sophisticated users who stored NFTs on Binance precisely because they wanted to avoid wallet management, seed phrases, and gas fees. Moving to Binance Wallet puts them in control of private keys for the first time. That eliminates counterparty risk. It also introduces self-custody responsibilities: seed phrase management, wallet security, and direct gas fee payments.
Users who fail to withdraw before July 3 lose their NFTs entirely. For transferable tokens, that means burned value. For non-transferable ones – often tied to in-game items or event badges – it means irreversible lockout. A secondary risk is user error during migration: incorrect addresses, wrong network selection, or lost seed phrases. Binance’s reimbursement covers withdrawal fees only, not mistakes.
Loss of Exchange-Based Utility
Binance Exchange offered features like easy peer-to-peer transfers, zero-fee deposits, and integration with exchange balances. Moving to Binance Wallet severs that link. Users will need to fund separate wallets with native tokens for gas (ETH, MATIC, BNB) and manage cross-chain bridging if their NFTs live on a different network than their wallet’s default.
A third risk – less discussed – is that Binance Wallet may not support every NFT standard or chain that Binance Exchange supported. If an NFT was minted on a niche sidechain or used a custom token standard, it might not display or transfer correctly in the wallet. Binance has not published a compatibility list.