Binance has stopped letting users deposit crypto straight into Funding Accounts. All new deposits and most transaction settlements now go to Spot. Users must adjust as Funding is phased out for most crypto activity.
Binance users who depend on Funding Accounts for crypto deposits and payments now have to change how they use the platform. Starting September 29, 2026, Binance no longer lets users send crypto directly to Funding Accounts. All new on-chain deposits and main transaction settlements now go to Spot accounts. This is a big change for anyone using Binance Pay, Convert, or recurring payment features. Binance says the move is part of a plan to make asset flows simpler and more transparent. The details are laid out in the Binance Funding Account Migration announcement.
Asset flows rerouted
Now, all incoming crypto lands in Spot by default. Users who are used to seeing Binance Pay receipts or Convert settlements in Funding will notice the difference. The deposit process and where assets show up after a transaction have both changed. Binance's FAQ says most users do not need to move their current balances themselves. The migration of existing Funding holdings will happen on a separate schedule, running from September 29, 2026, through January 2027. Users can use a One-Click Migration tool to move funds manually. Any balances left in Funding will be moved automatically in batches starting January 2027.
As of September 29, 2026, Binance Funding Accounts no longer accept direct on-chain crypto deposits; all new deposits and withdrawals are now processed through Spot Accounts.
Binance Pay transactions can still pull funds from either Funding or Spot, depending on a user's Payment Priority settings. But recurring Pay sends that only use Funding will stop working once Binance removes Funding as a payment source. Binance has announced this step but has not set a date yet. Users with these plans will need to update them to use Spot or another source. Binance has also made it clear that Binance Pay receipts, Card and Gift Card receipts, and Convert settlements now go to Spot by default. This brings more user activity into Spot.
Convert and P2P changes
Convert orders now settle straight into Spot. Existing limit orders that use assets frozen in Funding will stay open, but after September 29, their settlement moves to Spot. New limit orders will freeze and settle in Spot too. Recurring Convert orders will settle into Spot or Earn, depending on how users set them up. If a recurring order fails, refunds will go back to Spot. Binance recommends users update their Convert plan account choices, and API users should now reference Spot accounts for future actions. These changes do not cancel existing Convert limit orders, but their settlement now happens in Spot.
P2P users will see changes based on their activity. If a user has not posted ads in the last three months and is not a merchant, buy and sell orders will now use Spot after updating the Binance app. Advertisers can still use Funding for now. Binance plans to launch a dedicated P2P Account in December 2026. Website users do not need to update their app to see these changes.
Binance has announced that the Funding Account will be renamed the Stocks Account in January 2027, and will be used for stock and stock-options settlements. Only six assets-USD, USDC, USDT, USD1, U, and BNB-will be supported in the new Stocks Account, while all bStocks balances will be migrated to Spot.
Long-term migration and renaming
Binance's updated plan says any assets left in Funding after users move funds themselves will be moved automatically in batches starting January 2027. Binance also plans to rename the Funding Account as the Stocks Account in January, but has not given an exact date. The new Stocks Account will be used for stock and stock-options settlements. All bStocks balances will move to Spot. Binance notes that these changes may be different in some regions, since not all products are available everywhere.
This move comes as centralized exchanges keep changing account structures and asset flows to match new products and regulatory demands. As reported earlier, security incidents at other exchanges have shown why clear asset separation and operational transparency matter.
Binance has not said exactly when Funding will be fully removed as a payment source for Pay transactions. Users who rely on Funding for recurring payments or P2P activity should watch for Binance's updates and get ready to change their account settings as the migration continues.
Spot and Funding accounts have always had different roles on Binance. Spot is for trading and direct deposits. Funding is for payments, P2P, and card transactions. This migration moves most crypto activity into Spot. It cuts down on fragmentation, but users will need to change how they work. The phased migration and delayed move of existing Funding balances give users time to adjust. But the lack of a firm end date for some features may leave some users uncertain, especially those with automated payment plans or region-specific products. As exchanges keep changing, users should keep track of where their assets are and how account changes could affect access, settlement, and security.
