Transfer Your Cryptos from Binance to Coinmerce in 6 Steps
Transfer your cryptos from Binance to Coinmerce. According to the emails Binance sends to its customers, all accounts in France will be closed on December 31, 2026. Deposits are already blocked, and monthly fees will apply to remaining balances starting November 29. Withdrawals remain possible until the closure. In this article, you will learn how to transfer your cryptos from Binance to Coinmerce.
Before You Start
Open your Coinmerce account and complete the identity verification. This takes a few minutes. Allow some time. A transfer must be confirmed on the blockchain, which can take anywhere from a few minutes to several tens of minutes depending on the crypto. First, do a small test transfer if you are moving a large amount. Check that the crypto you want to transfer is available on Coinmerce.
From Binance to Coinmerce in 6 Steps
To keep it simple, we separate the process into two parts: what you do on Coinmerce, and then what you do on Binance.
On Coinmerce
Log in to your Coinmerce account. Go to Wallets, then Deposit Cryptos, and select the crypto you wish to receive.
Click on Deposit and copy the address. Note: some cryptos also require a memo or tag. Copy that as well if applicable. Also, note the indicated network; you will need it in step 5.
On Binance
Log in to your Binance account and open Wallet.
Choose Withdraw, then Crypto, and select the crypto you wish to transfer.
Paste the address copied from Coinmerce and choose the same network as indicated on Coinmerce. A different network may result in the loss of your funds.
Enter the amount to transfer. Choose the maximum to transfer everything, then confirm with your two-factor authentication. Repeat these steps for each crypto you wish to transfer. Check the address and network each time.
Good to Know
Network Fees. Binance deducts withdrawal fees, which vary depending on the crypto and network. These are displayed before confirmation. Fiat. If you have a balance in euros on Binance, you can withdraw it to your bank account before the closure. Taxation. A transfer between two accounts in your name is generally not considered a sale. For declaring your cryptos, consult the French tax administration or an advisor. Risks. Crypto assets are volatile, and their value can decrease as well as increase. You may lose all or part of your capital
Frequently Asked Questions
When should I transfer my cryptos? As soon as possible. Monthly fees on remaining balances apply starting November 29, and accounts will be closed on December 31, 2026. Are my funds safe on Binance until the closure? Binance states that funds remain accessible and can be withdrawn. We advise against waiting until the last week. Can I transfer my cryptos to a personal wallet instead of Coinmerce? Yes, withdrawals are free. Choose the solution that suits you, and ensure that the provider is MiCA compliant. Is Coinmerce compliant? Coinmerce is a licensed crypto-asset service provider under MiCAR and supervised by the AFM in the Netherlands.
Need Help?
Our support team is here for you. Write to us at [email protected] or start a chat on our website.
This article is not financial advice. Always do your own research before making decisions about your money.
