Is Binance Available in the Netherlands and the Rest of Europe?

Why you can't buy USDT on European exchanges

Exchanges with a European licence (OKX EU, Bybit EU, KuCoin EU, Gate Europe, Bitpanda) stopped selling USDT to EEA residents because of the MiCA stablecoin rules. In practice:

• You can still deposit and send USDT you already hold, but you can't buy it on the spot market. On OKX in Europe, deposited USDT arrives frozen and can't be used in any transaction.
• On Binance, EEA users can only sell USDT for USDC, EURI or euros through Convert, since 31 March 2025.
• The alternative on all of them is USDC. If you want to send dollar value to family abroad, send USDC; they can convert it to USDT or sell it at home.

Switzerland is in neither the EU nor the EEA, so none of this applies there.

Which exchanges work in each country

OKX, Bybit, KuCoin and Gate serve all the EU/EEA countries above through their licensed European entities, none of which sell USDT. Switzerland is served by their global sites.

"Not prohibited" means the country is missing from the exchange's prohibited list, not that the exchange has confirmed it accepts residents there.

Netherlands

• Binance: the Netherlands is on Binance's List of Prohibited Countries (by residence). Don't open a new account with a Dutch address.
• MEXC: suspended euro payments and P2P for Dutch users on 20 March 2026, then announced a staged wind-down; the last batch is offboarded on 31 October 2026. MEXC itself points Dutch users to Bybit EU.
• KuCoin and Gate: both global sites list the Netherlands as restricted. Gate serves it through Gate Europe; whether KuCoin EU onboards Dutch residents is unconfirmed.
• What's left: Bitpanda, OKX EU or Bybit EU, all of which sell USDC for euros. Bitpanda doesn't offer PayPal in the Netherlands, so you fund by SEPA or card.
• Dutch banks in Binance's euro P2P ads: bunq in 83 ads, ING in 66, ABN AMRO in 19. They are no use without a working Binance account.

France

• Binance: according to what Binance told its users in France, it stopped accepting new registrations on 1 July 2026. Binance's public post says the impact depends on country and account status, without naming countries.
• Bitget: ended service for French users on 31 March 2026, and France is on its prohibited list.
• KuCoin and Gate: both global sites exclude France. Gate Europe serves it; KuCoin EU for French residents is unconfirmed.
• MEXC is the only exchange in our list still showing USDT to French residents, and France is not on its prohibited list. It holds no European licence, and what happened in the Netherlands could happen again.
• Bitpanda: available, with PayPal deposits in France (euros, 1.49% fee) alongside SEPA.

Italy

• Binance: no new sign-ups for Italian residents since 1 July 2026, according to Binance's emails to users there.
• Bitget: Italy isn't on its prohibited list, but we found nothing from Bitget saying EEA residents can buy USDT there today. Check for a USDT pair in your account after verification before relying on it.
• MEXC: open to Italian residents and shows USDT.
• Bitpanda: available, with PayPal in euros.
• In Binance's euro P2P ads: Postepay in 32 ads, UniCredit in 22.

Many people living in Italy want to send money to Egypt. Wise pays out in Egyptian pounds straight to a bank account: send money to Egypt with Wise.

Belgium

• Binance: Belgian users were served by Binance Poland, and Belgium is reported among the countries where new sign-ups stopped on 1 July 2026. Some accounts were reportedly opened after that date, but Binance hasn't confirmed anything, so don't count on it.
• Bitget and MEXC: Belgium is on neither prohibited list. MEXC shows USDT; buying it on Bitget is unconfirmed.
• Bitpanda: available, with PayPal in euros.
• No Belgian bank shows up by name among the top methods in Binance's euro ads; most just say SEPA Instant, Wise or N26.

Spain

• Binance: no new sign-ups for Spanish residents since 1 July 2026, according to Binance's emails to users there.
• Gate: the global site restricts Spain; Gate Europe serves it, without USDT.
• Bitget: Spain isn't on its prohibited list; USDT for EEA residents is unconfirmed. MEXC is open and shows USDT.
• Bitpanda: available, with PayPal in euros.
• Spanish banks dominate Binance's euro P2P market: BBVA in 230 ads, Banco Santander in 128, Bizum in 107, CaixaBank in 83, Banco Sabadell in 58.

Living in Spain, France or Belgium and sending to Morocco? See send money to Morocco with Wise, or sell USDT in Morocco if your family receives USDT.

Austria

• Binance: Austria is not on Binance's prohibited list, and it wasn't named among the countries where sign-ups stopped, since Binance had no registered local entity there. No Binance page confirms that new Austrian residents are accepted, though, so treat it as unconfirmed. Even with an account, USDT spot pairs are closed to EEA users.
• Bitget: Austria is on its prohibited list.
• Gate: the global site restricts Austria; service goes through Gate Europe.
• MEXC: not prohibited, and shows USDT.
• Bitpanda: available, with PayPal in euros.
• In Binance's euro P2P ads: Erste Bank in just 12 ads.

Switzerland

Switzerland is the easiest country here: every exchange on this page accepts residents (or leaves Switzerland off its prohibited list), and you can buy USDT directly, because the EU stablecoin rules don't apply.

• Binance: available, with P2P in francs. If you hold a passport from another country, Binance may ask for proof of a Swiss address.
• OKX: serves Switzerland from its global site and had the biggest franc P2P market on the day we checked.
• Bybit: available, but it had no P2P ads in francs.
• Bitpanda: available, with a CHF wallet and PayPal in francs, but no USDT even in Switzerland.

Swiss franc P2P market on 25 October 2026:

Typical price is the median of the first 20 ads. Binance has few buy ads, so its typical buy price sits further from the real rate; compare before you order.

Open Binance → (of the countries on this page, Swiss residents only)

Right after you sign up: verify your account and have your ID card or passport ready. The steps are here: Binance identity verification

Step by step with screenshots: buy USDT on OKX P2P and buy USDT on Binance P2P.

If you need USDT and live in the EU

You have two routes, each with a trade-off:

1. A licensed exchange that sells USDC (Bitpanda, OKX EU or Bybit EU): buy USDC with euros and send it. The receiver converts it to USDT on their exchange if they need to. Bitpanda sends USDC on Polygon only, so check that the receiving exchange accepts USDC on that network first.
2. MEXC in France, Italy, Belgium, Spain and Austria (not the Netherlands): it shows USDT, but it has no European licence and closed Dutch accounts within a few months. Don't keep a large balance there.

Open MEXC → (for residents of France, Italy, Belgium, Spain, Austria and Switzerland; not the Netherlands)

Right after you sign up: verify your account and have your ID card or passport ready. The steps are here: MEXC identity verification

Bitpanda steps: create an account → verify → deposit. MEXC: create a MEXC account.

Verifying as a non-EU national

• Bitpanda won't accept a non-European passport on its own: you need a residence permit from the country you live in (or from Switzerland if you live there), valid for at least a year from sign-up. It also refuses citizens of Iraq, Libya, Palestine, Sudan and Yemen, among others, wherever they live.
• Choose your real country of residence on every exchange, and don't use a VPN. An account opened under the wrong country can be frozen at the first document check.

Watch out

• Pay and get paid only from a bank account in your own name. Payments from someone else's account are a common reason orders get frozen.
• On P2P, never release USDT until you see the money in your own banking app. More: common P2P scams.
• Pick the right network before sending: USDT networks.

FAQ

Is Binance available in the Netherlands?

Not for new accounts. The Netherlands is on Binance's list of prohibited countries by residence.

Is Binance banned in all of Europe?

No. Binance stopped new sign-ups in France, Italy, Spain and Belgium in July 2026, and the Netherlands is on its prohibited list. Austria is unconfirmed, and Switzerland is fully open.

Can I buy USDT on Binance in Italy or Spain?

No. New sign-ups are closed, and even working EEA accounts haven't been able to buy USDT on spot since March 2025; they can only sell it for USDC or euros.

What's the difference between USDT and USDC?

Both are digital dollars worth about one US dollar, issued by different companies. In the EU you'll find USDC on licensed exchanges, not USDT. More: what is USDT.

Where can I buy USDT in Switzerland?

Directly on Binance or OKX, or through P2P in francs. OKX had the most ads on 25 October 2026, many of them accepting TWINT.

Does Bitpanda accept non-EU nationals living in Europe?

Yes, with a residence permit from your country of residence, except for some nationalities, including Iraqi, Libyan, Palestinian, Sudanese and Yemeni.

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Last updated: 25 October 2026 · Exchange status from their official prohibited-country lists and announcements. Binance's sign-up stop in France, Italy, Spain and Belgium comes from Binance's emails to users as reported by the press, since its public post names no countries. Ad counts and prices from the public P2P pages on 25 October 2026; they change daily.