Overview
- Binance, which announced the change on June 3, 2026, opened a one-month withdrawal window requiring holders to transfer any transferable NFTs to Binance Wallet or a compatible external wallet before 23:59 UTC on July 3 or lose on-platform access.
- Any transferable NFTs left on Binance after the July 3 cutoff will become inaccessible on the exchange, and users are responsible for completing withdrawals during the migration period.
- Binance set up two fee-reimbursement programs: up to 100,000 eligible non-CR7 users can receive 1 USDC if they withdraw to Binance Wallet Keyless using BNB Smart Chain or Ethereum between June 3 and June 17, and CR7 holders can claim refunds for BNB Smart Chain withdrawals made by July 3 with reimbursements paid by July 19.
- Non-transferable NFTs cannot be moved and will become unreachable after the deadline; Binance Academy holders of course-completion NFTs will receive PDF certificates as replacements but other non-transferable items may not get substitutes.
- The shutdown continues Binance’s pullback from exchange-hosted NFT features that began with removing Polygon in 2023 and Bitcoin Ordinals in 2024, and it shifts responsibility for custody and Web3 access onto individual users and wallet providers.