Binance ends Funding Account crypto deposits as Pay and Convert move to Spot
Summary
Starting Sept. 29, Binance will stop accepting direct crypto deposits into Funding Accounts; deposits, Binance Pay receipts and Convert settlements will go to Spot instead. Existing assets generally do not need to be moved manually, and open Convert limit orders will remain active. Pay can still use Funding as a source for now, but recurring sends relying on it will stop when Binance removes Funding as a Pay source, with no date announced. P2P account handling varies by user type: some users will use Spot, while advertisers continue using Funding ahead of a planned dedicated P2P Account in December 2026. Binance plans to migrate remaining Funding assets in batches from January 2027 and rename the account Stocks Account.
