Why are BTC withdrawals now approved manually, and why is there a fee?
As the EU's MiCA regulation (Markets in Crypto-Assets) takes full effect on 1 July 2026, several crypto exchanges — including Binance — are suspending their services within the European Union. Binance did not obtain the required MiCA license in time, so we've had to change the way we handle Bitcoin withdrawals.
What changes for you?
To keep withdrawals running smoothly and securely, every BTC withdrawal is currently approved and processed manually by our team until we complete integration with a new, licensed exchange. This means a BTC withdrawal may take a little longer to process than before.
Why is there now a fee for BTC withdrawals?
Previously, BTC withdrawals were processed automatically and at no cost on our side, provided the withdrawal was made to a Binance account. The current manual process, together with the network costs of Bitcoin transactions, means a transaction fee now applies to BTC withdrawals. You'll always see the exact amount on the withdrawal confirmation screen before you approve it.
Does this apply to all withdrawals?
No. This change applies only to Bitcoin (BTC) withdrawals. Withdrawals in GHX and USDC work exactly as before — they're processed automatically and require no extra steps.
How long will this last?
This is a temporary measure. We're working on integrating with a licensed, MiCA-compliant exchange. Once that's done, BTC withdrawals will return to fully automatic processing.