Binance has announced that it will be upgrading its NFT service to Binance Wallet, a Web3 environment that allows users to manage their digital assets more easily. As part of this upgrade, the current NFT service on the main exchange will no longer be available after July 3, 2026.
Users holding transferable NFTs on Binance have one month to withdraw them to their Binance Wallet or another compatible wallet of their choice. This means that users can choose between moving assets into Binance Wallet or sending them to an external Web3 wallet that supports the same networks.
The upgrade is designed to provide users with better access to decentralized features and easier management of their NFTs. However, it also means that any NFTs not withdrawn by July 3 will no longer be accessible on Binance.
Binance has made a clear distinction between transferable and non-transferable NFTs in this upgrade. Non-transferable NFTs, which were coded to be non-transferable from the outset, cannot be withdrawn and will cease to be accessible after July 3.