Gemini Confirms Nifty Gateway Closure: Enters Withdrawal-Only Mode, Deadline 23 Feb 2026

Important news for NFT collectors: Nifty Gateway is confirmed to be shutting down completely onFebruary 23, 2026. From now on, this platform is includedwithdrawal mode onlyThis means the focus is no longer on buying and selling, but rather on giving users time to move NFTs and funds to a safer location before the deadline expires.

Key Takeaways

• Nifty Gateway closed completely onFebruary 23, 2026and now it's inwithdrawal mode only.
• Users who still have USD, ETH, or NFT balances will receive instructions to transfer their assets.
• This closure comes amid a decline in the NFT market throughout 2025, which has led many marketplaces to scale back or shut down services.

What Does Withdrawal Only Mode Mean for Nifty Gateway Users

The withdrawal mode may sound simple, but it has a significant impact on user behavior. When a marketplace enters this phase, its primary priority is repatriating user assets.

Activities that typically drive the marketplace, such as listings, auctions, and daily transactions, are no longer the focus. The focus is on one thing: getting everyone to move their assets before the doors actually close.

In the official announcement, the important date is clear. The platform will be closed onFebruary 23, 2026, and since the announcement was published, the status has been withdrawal only. This provides a window of time, but don't assume it's long.

In the on-chain world, the process of transferring assets can sometimes take several steps, and there are technical factors such as network queues, gas fees, or account verification.

There's another important point to understand. This closure is said to be part of the company's move to focus on its "super app" vision for users, while still maintaining NFT support through its wallet. For users, this means the marketplace buying and selling experience will cease, but storage and asset transfer options will remain available during the transition.

To avoid confusion, think of this phase as a house move. You're not shopping for new furniture. You're ensuring your belongings are safely moved out and properly documented. The key is to know what you have, where you're moving it, and allow yourself time to complete the process before the deadline.

Read also:How to Day Trade Crypto Smarter with Gemini AI: The Complete Guide 2025

How to Withdraw NFTs Safely and Neatly Before February 23, 2026

This part is the most practical. The goal is simple: get your NFT and funds safely out of the market before...February 23, 2026. To make it easy to follow, use a step-by-step approach. Don't rush, but don't procrastinate either.

Recommended withdrawal steps

1. Check your asset list first
   View your collection and transaction history. Make sure you know which NFTs you hold and whether you have any remaining USD or ETH balances. Users with USD, ETH, or NFT balances will receive transfer instructions.
2. Set up a withdrawal goal before clicking anything.
   Select the wallet you'll use to receive NFTs. Ensure you can securely access the seed phrase. If you're using a new wallet, create one and test it with a small transaction.
3. Check out the NFT network and standards
   NFTs can exist on specific networks and use specific standards. Ensure your destination wallet supports them. The most common mistake is sending assets to an incompatible network.
4. Make gradual withdrawals
   If you have a large collection, don't send them all at once. Send one as a test. Once successful, continue with the rest. This reduces the risk of sending the wrong address or the wrong network.
5. Leave time for processes that can be slow
   The withdrawal process can take time, so it is safer to do it well before the deadline.

Once the withdrawal is complete, organize your personal documentation. Keep a record of the transaction, destination address, and withdrawal time. This will be helpful if you need to track your assets in the explorer or during future audits.

And most importantly, don't wait until the last day. The deadline isn't a target to start working, but rather a final point when everything is in order.

Read also:Gemini 2.5 Flash: Features, Advantages, and Benefits

Why Nifty Gateway Is Shutting Down and What Impact It Will Have on the NFT Market After 2025

A frequently asked question is, "Why shut down now?" Strategically, the stated reason is to focus on building a more centralized super app while maintaining NFT support through the wallet.

This aligns with a pattern seen at many tech companies: shedding products that aren't growing as expected, then focusing energy on bigger, core products.

However, the market context cannot be ignored. The NFT market experienced prolonged pressure throughout 2025. Market data shows that total NFT sales declined in 2025, while the supply actually increased sharply, making competition for buyers' attention even fiercer.

As more assets are minted, but buyers become more selective, marketplaces that lack stable volume will struggle to maintain operations.

The impact on users is multi-layered. First, there's a lesson in custody. Custodial marketplaces are convenient because they're easy to use, but when the platform changes direction, you need to quickly move assets.

Second, it's important to maintain a habit of asset auditing. Many people buy NFTs and then forget where they're stored. Situations like this serve as a reminder that digital assets still require careful management.

Third is a change in market behavior. After the boom, many collectors now focus more on quality, utility, and liquidity, rather than just daily trends. This makes it harder for marketplaces that were once strong due to hype to compete. In such conditions, the decision to close certain products is often a reasonable defensive move.

If you want to stay active in crypto assets and Web3, do so in a more prepared manner. Have a personal wallet, understand the network, and prepare sufficient crypto balances to cover transaction fees. For crypto asset purchases in Indonesia, direct your purchases through Bittime for a more streamlined process and control of account security from the start.

Read also:How to Edit Gemini AI Photos and Complete Prompts!

Conclusion

Nifty Gateway will be completely closed onFebruary 23, 2026and is now in withdrawal-only mode. For collectors, the focus is clear: immediately withdraw the NFT and any remaining balance, then store it somewhere you control.

This closure also serves as a reminder that the NFT market will become more restrictive and selective after 2025, making personal asset management even more crucial. For crypto asset needs related to on-chain transactions, purchase securely through Bittime, activate account security features, and start with a nominal amount that fits your budget.

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FAQ

When will Nifty Gateway close completely?

Nifty Gateway is scheduled to shut down completely on February 23, 2026.

What is withdrawal only mode in Nifty Gateway

Withdrawal-only mode means the platform prioritizes the transfer of user assets and no longer focuses on marketplace activities.

How to withdraw NFT before the deadline

Prepare your destination wallet, check the network, make a phased withdrawal, and allow time as the process can be slow.

Why Gemini closed Nifty Gateway

The stated reason was to focus on the super app vision, while still supporting NFTs through the wallet.

Is this closure related to the 2025 NFT market downturn?

The context aligns with the weakening NFT market of 2025, where sales are declining while supply is increasing, putting increasing pressure on marketplaces.