How to get BNFCR for European Binance users

In October 2022, the European Commission passed the Markets in Crypto Assets Regulation (MiCA), which consists of several bills each aimed to regulate certain areas of the cryptocurrency ecosystem. In June 2024, following the MiCA requirements, Binance has disabled the use of stablecoins on futures markets for the EU users, and introduced Binance Futures Credits (BNFCR tokens) as a replacement. The BNFCR is Binance's intertal token that is pegged to USD similar to traditional stablecoins, except that it is meant specifically for Binance’s Futures trading. To use Profitage trading bots with EU Binance accounts, you need to acquire BNFCR by swapping BTC, ETH or BNB directly on your Binance’s Futures wallet.

Here’s a step-by-step guide how to do it:

Step 1: Deposit or buy BTC, ETH or BNB on your Binance Spot wallet.

Step 2: Transfer BTC, ETH or BNB to your Binance Futures wallet.

Go to your Futures wallet, find the Transfer button and click it, then choose

🔹From: Fiat and Spot

🔹To: USDⓈ-M Futures

🔹Coin: BTC, ETH or BNB

Select the amount and click Confirm

Step 3: Swap BTC, ETH or BNB to BNFCR

In the bottom of the Futures wallet page, you should see the Assets list with BNFCR token in it. Find the Swap button and click it, then choose

🔹From: BTC, ETH or BNB

🔹To: BNFCR

Select the amount and click Confirm

Enjoy the fruit of your hard work ✅

Was this article helpful?

Any questions about this article? Ask or discuss them with real traders in our Community Chat.