Binance ends centralized NFT service, gives 30 days to withdraw

Binance announced it will end its centralized NFT service and allow users 30 days from the announcement to withdraw NFTs and related assets held on the platform.

The company instructed customers to transfer digital collectibles, any tokens linked to those items, and promotional or balance credits tied to NFT activity to external wallets or other marketplaces before the withdrawal window closes.

The 30-day period begins on the announcement date and applies only to assets stored within Binance's centralized NFT service. After the deadline, listings will be removed and the exchange will no longer host or facilitate trades for those items.

Users should log in to their Binance accounts, check NFT holdings and connected wallets, and initiate withdrawals via the platform’s NFT or wallet interfaces. Binance provided technical instructions and a support channel for users who encounter issues during withdrawals.

The withdrawal window covers primary sales and secondary-market listings previously managed by Binance, along with any native tokens or promotional balances associated with NFT drops.

Account holders with fractionalized holdings or assets held in Binance custody must confirm ownership records and move assets to wallets where they control private keys if they want to retain independent access.

Centralized NFT services are custodial marketplaces where the operator holds users’ assets and listings. When a platform ends such a service, owners must transfer items to self-custody wallets or list them on other marketplaces to maintain control.

Customers who do not move assets within the specified period risk having items delisted or losing on-platform access after service termination. Users were advised to verify transfers on the destination wallet’s blockchain records to preserve proof of ownership.

Investors and collectors were urged to review account histories and confirm that transfers completed successfully.