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How to Withdraw Your Funds from Binance Before Account Closure

In Summary

If you have a Binance account in Spain, you can still withdraw your cryptocurrencies and euros until December 31, 2026. Deposits are blocked. Here’s how to withdraw, what to check before confirming, and how to avoid the most common mistakes.

Withdrawing Your Cryptocurrencies

  • Log in to Binance and open Wallet.

  • Choose Withdraw and then Crypto.

  • Select the currency you want to withdraw.

  • Paste the destination address (personal wallet or the platform of your choice).

  • Select the network. It must be the same as the destination address.

  • Enter the amount, review the network fee displayed, and confirm with your two-factor authentication.

Withdrawing Your Euros

  • In Wallet, choose Withdraw and then Fiat, and select euro.

  • Choose bank transfer and enter the IBAN of an account in your name.

  • Enter the amount and confirm.

Bank processing times can range from a few hours to several business days. Don’t leave this step for the last week of the year.

Mistakes to Avoid

Small Balances

Some small balances cannot be withdrawn because they are below the minimum withdrawal amount for the currency. If this is your case, you may be able to convert them to another currency within Binance and withdraw that. Check the conditions that appear in your account.

Wrong Network

  • How to Avoid It: Copy the network along with the address. A different network can result in lost funds.

Forgetting the Memo or Tag

  • How to Avoid It: Some currencies require a memo. Without it, the funds may not be credited.

Manually Writing the Address

  • How to Avoid It: Use copy and paste and compare the beginning and end of the address.

Sending Everything Without Testing

  • How to Avoid It: First send a small amount and wait for confirmation.

Waiting Until the Last Moment

  • How to Avoid It: Monthly fees start from November 29, and the closure is final.

Where to Send Your Cryptocurrencies

Choose the destination before withdrawing: a personal wallet whose keys you control, or an authorized platform under MiCA. To compare, read our guide: Alternative to Binance: How to Choose an Authorized Platform Under MiCA. To switch to Coinmerce, follow: Transfer Your Cryptocurrencies from Binance to Coinmerce in 6 Steps.

Frequently Asked Questions

Can I withdraw after December 31? The account will be closed on that date. Withdraw before then.

Are withdrawals free? No, network fees apply. Binance shows them before confirming.

What should I do if my withdrawal is blocked? Contact Binance support and keep a record of the transaction history.

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.

Investing has risks. Cryptocurrencies are volatile, you could lose your investment.