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Forced exit from the European market on July 1st, record hacking of 6.3 billion dollars on October 29th, French accounts closed on December 31st: Binance’s 2026 pushes many users to move their cryptos. The transfer to another platform takes place in five steps, provided that two or three errors are avoided. Here is the procedure to follow towards OKX, and what the platform really offers to those who arrive. The latest episode, the closure of Binance’s French accounts, revives the question.
In Brief
- Since July 1st, 2026, Binance has no MiCA authorization: in the European Union, accounts only allow withdrawals.
- On October 29th, 6.3 billion dollars were stolen from Binance. The platform says it assumes the loss, and no customer was debited.
- A transfer from Binance to OKX is done directly in crypto, without selling: same network on both sides, and a small test send first.
- OKX Europe is MiCA authorized since January 2025, publishes a proof of reserves every month, and offers OKX Shield, free account protection in the EEA.
Why Are Users Leaving Binance in 2026?
Because two events followed each other: the loss of the European market, then a record hacking. On June 24th, Binance withdrew its MiCA authorization request filed in Greece. A week later, the transitional period of the European regulation ended. Since July 1st, residents of the Union can no longer deposit or trade on the platform; only withdrawals remain open.
Binance aims to return through a French license, but nothing has been granted to date. In France, the Financial Markets Authority deregistered Binance France on July 2nd, with this reason: “Automatic expiration due to the end of the MiCA transitional period“. Accounts will be closed from December 31st, with fees from November 29th.
The second shock was on October 29th. Hackers linked by the FBI to North Korea stole about 6.3 billion dollars across ten networks, a record that lowered bitcoin without causing a collapse. Withdrawals were suspended for about two and a half days, worldwide. The platform committed in writing: “Binance will bear the financial impact of the stolen funds. These losses will not be passed on to users“, reports Il Sole 24 Ore. It says it covered 95%.
It must be said clearly: no customer lost money in this hack, and outside Europe Binance operates normally. Many have nevertheless chosen to diversify their holdings. CNBC noted 3.64 billion dollars in net outflows when withdrawals reopened.
How to Transfer Your Cryptos from Binance to OKX?
Directly in crypto, without converting back to euros, and in five steps.
- Open an OKX account using the Cointribune referral link and complete the identity verification (KYC).
- On OKX, open the deposit page. Choose the crypto and the network, then copy the deposit address.
- On Binance, initiate a withdrawal to this address selecting exactly the same network. A network error can cause loss of funds.
- Send a small test amount first and wait for it to appear on OKX.
- Transfer the rest, then activate protections on your new account.
Withdrawal fees depend on the crypto and network chosen: compare them before confirming. Especially avoid selling everything into euros to buy crypto elsewhere. In France, a simple transfer between two accounts in your name is not taxable, whereas a sale for euros triggers capital gains tax.
One administrative detail, finally. OKX Europe is a Maltese company: a French resident must declare this account on the form 3916-bis with their income tax return. It is a box to fill, not a tax.
What Does OKX Offer to Newcomers?
A European license, reserves published each month, and account protection, each with its limits.
The proof of reserves deserves a word. A 108% bitcoin ratio means OKX holds more bitcoins than it owes its clients, and everyone can verify their balance is included thanks to cryptographic proof (zk-STARK). Binance’s is also self-certified. The difference is mainly in the framework: a MiCA-authorized provider must separate client assets from its own and is liable for losses due to incidents it causes.
For account security, we detailed OKX Shield at its launch in September. Activation requires a passkey, facial verification for large withdrawals, and mandatory two-factor authentication. None of these protections make a platform invulnerable; they reduce the most common risk, that of your own account.
The future depends on two files. If Binance obtains its French license, it can return to the 27 Union countries via passporting, and European users will regain choice. If the process drags on, French accounts will close on December 31, and the exit movement will continue. The full technical report on the October 29 hack has not yet been published.
To open your OKX account before initiating the transfer: sign up with the COINTRIBUNE code. Identity verification is mandatory; OKX Shield and the deposit bonus are subject to conditions and your country’s eligibility.
Binance says it assumes the loss from the hack and reopened withdrawals on November 1st. In the European Union, your account only allows withdrawals now. In France, fees apply starting November 29th and accounts close on December 31st.
No. You withdraw your cryptos from Binance to your OKX deposit address, on the same network. You keep your positions and, in France, you do not trigger any tax.
In the European Economic Area, yes, via OKX Europe, authorized under MiCA. Elsewhere, services and offers depend on the local OKX entity: check in the app during registration.
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