Switch to OKX safely: a five-step guide

Updated on 12 November 2026: the MiCA transitional period ended on 1 July 2026 and the deposit bonus of up to 8% no longer exists. The steps for switching safely still apply.

This promotion has been replaced. The OKX bonus described in this article no longer applies. Since September 2026 the running promotion is Trade more, earn more: up to €400 in rewards, with no known end date. The current terms are on our OKX promotion page and in OKX review 2026. Last checked on 8 September 2026.

Since 1 July 2026, no provider may legally offer crypto services in the EU without a valid MiCA authorisation. Many people therefore moved their crypto to a large, regulated platform, and OKX is a popular destination. The main thing is to do it safely. This guide walks you through it step by step.

In short

📅 MiCA transitional period over since 1 July 2026 · 🧪 always do a test transaction first · 🌐 pick the correct network when transferring (the #1 cause of mistakes) · 🔐 large amounts? Consider a hardware wallet.

Step 1 — Set up your OKX account

Create an OKX account and complete identity verification (KYC). Enable two-factor authentication (2FA) right away. Only once verified can you deposit and withdraw.

👉 Create an OKX account

Step 2 — Choose your switching method

There are two routes:

• Deposit euros (e.g. via your bank) and buy again on OKX. Simple, but you sell and rebuy — mind price differences and fees.
• Transfer crypto from your old exchange to OKX. You keep the same coins, but it requires more care.

Step 3 — Transfer crypto safely (the core)

1. On OKX, open the coin you want to receive and copy the deposit address.
2. Pick exactly the same network you're sending from (e.g. ERC-20, TRC-20, Bitcoin). Wrong network = funds lost. This is by far the most common mistake.
3. Send a small test transaction first (a few euros).
4. Once the test arrives, transfer the rest.

Step 4 — Check the current promotion

The deposit bonus of up to 8% no longer exists. Which promotion OKX is running now, and on what terms, is on our OKX promotion page.

Step 5 — Store safely

Holding for longer? Don't leave large amounts sitting on an exchange. A hardware wallet brings your funds into self-custody.

Common mistakes (avoid them)

• Picking the wrong network when transferring.
• Skipping the test transaction.
• Not double-checking the deposit address (clipboard malware exists).
• Switching under time pressure: take your time over every step.

This article is general information, not investment advice. Crypto carries risk; you can lose your deposit. Promotions have terms — always read them. Links to partners are affiliate links: if you open an account through one, Cryptocode receives a fee. This costs you nothing extra.