Binance Closes Accounts in Spain on December 31: What to Do
In Summary
Binance is closing its customers' accounts in Spain on December 31, 2026, according to emails sent to users. Deposits are blocked, withdrawals remain available, and as of November 29, fees are applied to any remaining balances. To maintain control of your cryptocurrencies, withdraw them before the closure.
Key Dates
Why Binance is Closing Accounts in Spain
The European MiCA regulation requires all crypto asset service providers to obtain authorization in a member state to serve customers in the Union. The transitional period ended on July 1, 2026. Binance has not obtained that authorization. In June, it withdrew its application in Greece and states that it will submit a new one in another member state. The company assures that it is not leaving Europe.
What Changes for You
Deposits. They are blocked. Withdrawals. Remain available, both for cryptocurrencies and euros, until the closure. Fees. As of November 29, a monthly fee of 0.025% or 10 USDC (whichever is greater) will be charged on any remaining balances. After December 31. The account will be closed. Do not expect to reopen it to recover your funds. This information comes from the emails Binance sends to its customers and from specialized press. Binance has not made a detailed public announcement so far. Always check your email and your account for the conditions that affect you.
What to Do Now
Take inventory of your cryptocurrencies and your euro balance on Binance.
Decide where to move them: a MiCA authorized provider or a personal wallet.
Make a small test transfer and then move the rest.
Withdraw your euros to your bank account as well.
Keep your transaction history for your tax declaration.
July 1, 2026
What Happens: The MiCA transitional period ends. Binance restricts its services in Spain, which will be limited to selling and withdrawing.
November 29, 2026
What Happens: Monthly fees of 0.025% or 10 USDC (whichever is greater) on remaining balances begin.
December 31, 2026
What Happens: Closure of accounts in Spain.
Do you want to switch to Coinmerce? Follow our guide: Transfer Your Cryptocurrencies from Binance to Coinmerce in 6 Steps.
How to Recognize an Authorized Provider
It appears in the ESMA register of authorized providers under MiCA. Its authorization and supervisory authority are clearly stated on its website. It does not promise guaranteed returns. Coinmerce is a crypto asset service provider authorized under MiCAR and supervised by the AFM in the Netherlands.
Frequently Asked Questions
Does Binance really close in Spain? Yes, according to emails sent to customers, all accounts in Spain will be closed on December 31, 2026. Will I lose my cryptocurrencies? Binance indicates that funds remain safe and accessible. The risk lies in not acting in time, due to fees and the closure. Does it affect other countries? Yes, it also affects accounts in France, Italy, and Poland. What if Binance obtains a license later? Binance states that it is seeking a license in another member state. There is no guarantee that it will reopen in Spain nor is it known when. Cryptocurrencies are volatile. You can lose all or part of your capital. This article is for informational purposes and does not constitute financial or tax advice.
This article is not financial advice. Always do your own research before making decisions about your money.
