Binance Accelerates NFT Service Upgrade to Decentralized Wallet

Binance is accelerating the upgrade of its NFT service to a decentralized wallet, aiming to provide users with a more seamless and integrated experience.

The migration will impact users who hold transferable NFTs on the Binance NFT platform. Starting June 3, 2026, these users will have one month to transfer their assets to Binance Wallet or any compatible external wallet. The current NFT service on Binance Exchange will no longer be supported after the upgrade.

Binance is offering two withdrawal fee reimbursement programs to help users complete the transition. Eligible non-CR7 NFT holders can receive a reimbursement of 1 USDC, while CR7 NFT holders are eligible for reimbursement of their withdrawal fees when transferring their assets using BNB Smart Chain.