By Isaac • September 30, 2026 11:20 am •
Binance is reshaping where users keep and receive crypto inside its platform, and the change is bigger than a simple menu rename.
According to a Binance announcement, Funding Accounts stopped accepting direct on-chain crypto deposits on September 29. New deposits must go to Spot Accounts, while crypto received through Binance Pay now lands in Spot as well.
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The exchange is also moving settlement for several Convert functions. New limit orders freeze and settle assets in Spot, while expired orders return funds there.
Recurring Convert orders now settle into Spot or Earn. Failed recurring-order refunds also go back to Spot.
That makes the practical message straightforward: users who have treated Funding as a general-purpose wallet need to
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