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Home Articles Binance to Shut Exchange NFT Service, Sets July 3 Deadline to Move Assets

Binance to Shut Exchange NFT Service, Sets July 3 Deadline to Move Assets

Simon Simba
Simon Simba
Simon is a writer with five years experience in crypto and iGaming. He currently works as a freelance writer at BanklessTimes where he focuses on simplifying daily crypto developments for readers. He discovered crypto in 2022 while writing news about NFTs for a news website in the US, and has since written for two other international NFT projects, and a Web3 gaming agency.
Updated: June 3rd, 2026

Binance is closing its current NFT service on the main exchange and giving users one month to move their NFTs. Therefore, anyone who still holds transferable NFTs on Binance must act between 3 June and 3 July 2026.

Starting 3 June 2026, Binance says that “users holding transferable NFTs on Binance will have one month to withdraw their NFTs to their Binance Wallet or any other compatible wallets of their choice to continue managing their digital assets.” Therefore, users can choose between moving assets into Binance Wallet or sending them to an external Web3 wallet that supports the same networks.

The announcement says Binance will “upgrade the NFT service to Binance Wallet” so users can manage NFTs in a Web3 environment with easier access to decentralized features. Consequently, NFT tools that once sat inside the exchange interface will now live inside the wallet product, which already supports multiple blockchains.

What Changes After the NFT Service July 3 Upgrade

Once the upgrade finishes on 3 July 2026, Binance states that users “will no longer access support for the current NFT service on Binance Exchange.” Therefore, the centralized exchange will stop showing NFT balances, listings, or withdrawal options for the old NFT section.

The notice also warns that “any NFTs not withdrawn by then will no longer be accessible,” which means users who miss the deadline may lose practical access to those tokens through Binance. Instead, NFT management will shift fully to Binance Wallet and other compatible wallets, where users keep control of their own private keys and pay on‑chain gas fees.

Binance makes a clear distinction between transferable and non‑transferable NFTs in this upgrade. The announcement explains that “developers coded non‑transferrable NFTs to be non‑transferrable from the onset and users cannot withdraw them.”

Because these tokens cannot move to another wallet, they will also stop being available through the Binance exchange after 3 July 2026. Binance handled similar non‑transferable NFTs in earlier education campaigns by offering PDF proof of course completion, although a separate notice describes that solution, not this specific upgrade post.

During the one‑month transition, Binance says it “will be reaching out to eligible users throughout the transition period with reminders and guidance.” Therefore, users can expect email alerts and in‑app messages that explain deadlines, gas costs, and wallet options.

READ MORE: Chiliz Token Surges After Key Ecosystem Update: What’s Next for CHZ?

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Simon Simba
Simon is a writer with five years experience in crypto and iGaming. He currently works as a freelance writer at BanklessTimes where he focuses on simplifying daily crypto developments for readers. He discovered crypto in 2022 while writing news about NFTs for a news website in the US, and has since written for two other international NFT projects, and a Web3 gaming agency.