Bitvavo Drops ICX on 2 October: The Forced Euro Conversion Follows on 12 October

ICX disappears from Bitvavo on Friday, 2 October 2026. Anyone who does nothing until then will not lose the coins, but will lose the decision over when they are sold: Bitvavo converts every remaining balance into euros automatically, by Monday 12 October at the latest. All the room for manoeuvre sits between those two dates, and it is tighter than the ten days between them suggest.

The exchange published the timetable on 29 September in its help centre. It names three times on a single day and a cut-off date ten days later. After that, ICON, as the project behind the ICX ticker is called, is history on this platform. The full record of your ICX purchases stays visible in the account; the balance itself then exists there only as a euro amount.

This piece sorts out what actually happens on 2 October, what a withdrawal to your own wallet costs, why that withdrawal only has somewhere to go until the end of the year, and which tax side effect the forced sale on 12 October triggers.

Bitvavo's Timetable: Three Deadlines on 2 October and a Forced Conversion on 12 October

Bitvavo staggers the shutdown across three hours. The entrance closes first, then trading, and the exit last. The order matters, because it determines which action you can still take at which point.

• Friday 2 October, 13:00 CEST: ICX deposits close. From that moment the exchange no longer accepts incoming ICX.
• Friday 2 October, 14:00 CEST: buying and selling stop. The ICX against euro market can no longer be traded after that.
• Friday 2 October, 15:00 CEST: withdrawals close. From here on no ICX leaves the account.
• Monday 12 October, or earlier: Bitvavo converts all remaining ICX into euros automatically and credits the amount to the account.

The exchange pairs that with a warning that goes beyond the bare list of dates. The announcement states: "Do not attempt to deposit ICX after deposits close on 2 October 2026 at 13:00 CEST. Any deposits made after that point will not be processed and may be permanently lost." That concerns anyone planning to send ICX to Bitvavo from another platform or a wallet in order to sell it there. After 13:00 that route is not merely closed, it is dangerous.

Delisting: what the term means in practice

A delisting is the removal of a trading pair from an exchange. The token does not thereby vanish from the world, it vanishes from that one provider's offering. Everything that happens to the balance afterwards follows the rules the provider has set for the wind-down. At Bitvavo that is the automatic conversion into euros.

Why the Automatic Euro Conversion Is a Disposal and Not a Custody Step

The decisive sentence of the announcement sits in the questions and answers section: anyone still holding an ICX balance after withdrawals close on 2 October will have that balance converted into euros automatically, by 12 October at the latest, and the resulting euro balance credited directly to the Bitvavo account.

That is something other than an exchange freezing residual balances or moving them into separate custody. Here they are sold. The holder plays no part in that sale, learns the price only afterwards, and cannot choose the timing. For a market with thin residual liquidity that is no detail: a forced sale hits the order book at exactly the moment when every other Bitvavo holder is being sold out as well.

Anyone who wants to set the timing themselves has until 14:00 on Friday to do it. Anyone who wants to keep the token has until 15:00 on Friday. Everything after that is the exchange's decision.

The Withdrawal Fee of 43 ICX Makes Small Balances Uneconomic

Bitvavo puts the fee for an ICX withdrawal at 43 ICX. That is a fixed quantity of coins, not a percentage, and that is precisely why it bites so hard on small balances. At a price in the range of €0.0068 to €0.0098, a withdrawal therefore costs roughly €0.29 to €0.42. That sounds like very little, but it is a great deal relative to the minimum withdrawal.

The minimum withdrawal is 160 ICX. Anyone withdrawing exactly that amount pays 43 of it as the fee and keeps 117. A good quarter of the amount stays with the exchange. Only from several thousand ICX upwards does the fee cease to matter much.

The calculation everyone has to do for themselves

The right comparison is "withdrawal against a sale of your own choosing" and not "withdrawal against forced conversion". Anyone who intends to sell anyway saves the fee entirely and only has to act before 14:00 on Friday. Anyone who wants to keep the coins, because they believe in the successor project or because they do not want to realise a loss in this tax year, pays the 43 ICX and then needs a plan for what is still possible on the ICON blockchain. That plan, as the next section shows, has an expiry date.

Minimum Withdrawal 160 ICX, Minimum Order 422 ICX: The Limits Inside the Bitvavo Account

Beyond the withdrawal limit there is a second threshold that is easily overlooked. An order in the ICX against euro market has to be at least around 422 ICX, which in value terms is roughly €2.87 to €4.13. Anyone holding less than 422 ICX can no longer actively sell that remainder at all and inevitably ends up in the automatic conversion.

There is no malice behind it. It is a standard minimum order size that every exchange sets so that settling an order is worth doing at all. For the holder of a very small balance it nevertheless means the decision has already been taken out of their hands. For them, 12 October is the day their ICX turns into euros, and there is nothing they can do about it.

Anyone holding such a residual balance who still wants to keep their options open would have to top it up before 13:00 on Friday. That is possible while deposits remain open, but it is the decision to buy more into a shrinking market. Anyone who would rather move to another exchange will find the providers available in Germany, and whose fee models can be compared, in our comparison of the best crypto exchanges.

The Two-Way Migration Between ICX and SODA Has Been Closed Since 25 September

This is the point that matters to everyone who wants to move ICX to their own wallet rather than sell. Because the token has an expiry date of its own, independent of Bitvavo, and the situation there tightened a few days ago.

ICON has been moving to a successor project called SODAX since 2025. Holders swap ICX for the new SODA token. Until recently that swap worked in both directions, so it was also possible to go from SODA back to ICX. That return leg has been closed since Friday 25 September 2026, five days earlier than previously announced.

The ICON Foundation gives as its reason that price formation for ICX has become more volatile and the remaining liquidity is thinning further, partly as an after-effect of the August incident. Closing the return leg early is meant to protect the successor project's infrastructure from precisely that volatility. The foundation's advice to holders is unusually blunt: anyone still holding ICX should move to SODA in self-custody now rather than waiting on a centralised exchange.

What is left of the migration

Still open is the one-way street from ICX to SODA, and it stays open until 31 December 2026. Anyone withdrawing ICX from Bitvavo therefore lands in a window that runs for another three months. The swap itself additionally requires a small balance of the network token S on the Sonic network, because that is where the transaction fees fall. How closely the two migration deadlines are linked is something we wrote up in August in Swapping ICX for SODA: Two Deadlines Before the Shutdown.

On 31 December the ICON Blockchain Shuts Down and Leaves a Read-Only Archive

31 December 2026 is not only the last chance to swap ICX for SODA. It is also the day the ICON blockchain is halted permanently. The foundation has announced an archive for the period afterwards, in which old transactions can be looked up. Nothing can be moved there any more.

From that follows an uncomfortable consequence for anyone who moves ICX to their own wallet now and then lets the matter rest. An ICX still sitting on the ICON blockchain on 1 January 2027 is no longer an asset with an unclear price. It is an entry in a decommissioned register. Withdrawing to your own wallet therefore only makes sense if the swap into SODA genuinely follows.

The foundation set this deadline in May 2026 and has since confirmed repeatedly that it will not be moved. Its justification is that the date has been coordinated with exchanges, wallet providers and partners for months, and that postponing it would create exactly the uncertainty the fixed date is meant to avoid.

How much is still sitting there

The circulating supply stands at around 1.097 billion ICX. In early September we described in an analysis of our own that at that point 1.109 billion ICX were still sitting on the ICON blockchain. The order of magnitude has barely shifted since, which means a substantial share of holders still has the switch ahead of them, and some of them will miss it.

The Replay Exploit of 27 August Stands at the Start of the Delisting Wave

That several exchanges are dropping ICX within a few weeks of each other has a common trigger. On 27 August 2026 an attacker exploited a flaw in the ICON blockchain's migration contract within a twenty-minute window. He replayed two already validly signed withdrawal messages 1,492 times. That released 119,866,000 ICX and 531,600 bnUSD.

A replay attack is exactly that: a message that was lawful once is submitted again repeatedly, because the receiving system does not recognise that it has already been processed.

What did not happen belongs in the same paragraph as the quantity. According to the ICON Foundation, all the affected holdings belonged to the foundation itself. Its post-mortem states: "All assets involved were foundation-held. No user deposits, balances, or positions were accessed or affected." The blockchain stood still for around 25 hours after the incident before restarting on 28 August.

For the price, and for exchanges' willingness to keep the trading pair going, the incident was nevertheless the turning point. Anyone wanting to follow the chain of removals will find it in our report on OKX dropping ICX, STORJ and ELF.

Upbit Follows on 19 October: The Other Exchanges' Dates

Bitvavo is not the last stop. The South Korean exchange Upbit announced on 19 September that it would drop ICX on 19 October 2026. Trading in the ICX against won pair ends there at 15:00 Korean time, and the final withdrawal deadline runs until 18 November 2026. Upbit cites unresolved security risks as its reason; the token had been on a watch list since the end of August.

That sequence is of interest to German holders for a sober reason. The more trading venues fall away, the thinner the order book on those that remain, and the harder every larger sell order hits the price. The forced conversion on 12 October therefore meets a market that has already lost trading venues in the weeks before.

How Bitvavo handles such wind-downs is, incidentally, no one-off: the same exchange already dropped Kava, Nano and Ravencoin to the same pattern in mid-September, with staggered deadlines and an automatic conversion at the end.

What the ICX Price Is Doing: €0.0068 to €0.0098 and 40 Percent Down in a Week

The price readings for ICX diverge markedly as of 30 September, and that is a finding in itself. In Bitvavo's order book it last traded at €0.0068, while broadly collected market data across all venues sits at around €0.0098. The spread of a good 40 percent between two measurement points for the same token is what the ICON Foundation means when it speaks of thinned-out liquidity.

Over seven days the token is down around 40 percent. The total market value of all circulating ICX is about €10.7 million. For comparison: the all-time high of €11.03 dates from January 2018, and today's price is more than 99 percent below it.

No argument for or against any decision follows from these figures. The time pressure, though, is explained by them: in a market of this size a single larger order moves the price, and the forced conversion on 12 October bundles many orders into one moment.

Why there is no price target in this article

For a token whose blockchain will be switched off in three months, a price forecast makes no sense. The relevant question is whether your balance finds its way into the successor or ends up as a euro amount in your exchange account. Where ICX stands in a year is beside the point.

For Tax Purposes 12 October Is the Date That Counts: Holding Period, Threshold and a Timing You Do Not Control

The automatic conversion into euros is a sale for tax purposes. That brings into play the German framework for private disposals under Section 23 of the Income Tax Act. Three points from it matter in this case.

First, the holding period: if more than a year lies between acquisition and disposal, a gain stays tax free. If less, it is taxable. Second, the threshold: if all private disposal gains in a calendar year together stay below €1,000, no tax is due; once the threshold is exceeded, the entire amount is taxable and not only the part above it. Third, the timing: it decides which tax year the transaction falls into.

It is that third point which is special in a forced conversion. Normally the holder chooses when to sell and can thereby control whether a gain still falls inside the holding period, or whether a loss arises in this year or the next. On 12 October the exchange decides that. Anyone who bought ICX less than a year ago and is in profit should therefore know that they will realise that gain in 2026 either way, whether they want to or not.

Conversely, the same mechanism can be useful: a loss that is coming anyway is realised this year by the forced conversion and can be offset against other private disposal gains from the same year. How that works out in an individual case depends on your acquisition data, and that is exactly what you need documented cleanly. Which tools pull acquisition date, holding period and cost basis automatically out of exchange reports is shown by our comparison of crypto tax software and portfolio trackers.

The Three Mistakes That Cost the Most When Withdrawing on 2 October

If you decide to withdraw, the most expensive mishaps arise with the address and the timing, not with the fee.

The wrong network. Bitvavo points out expressly in the announcement that the external wallet must support the ICON network. ICX is not a token on Ethereum or BNB Chain; it has a blockchain of its own. A withdrawal to an address belonging to another network generally leads to the total loss of the amount sent, and no exchange retrieves it.

The deposit that comes too late. The reflex of sending ICX from another platform to Bitvavo in order to sell it for euros there only works until 13:00 on Friday. A blockchain transfer needs confirmations, and a deposit that only arrives at 13:05 will not be processed, according to the exchange, and may be permanently lost. Anyone taking that route starts it days beforehand, not at Friday lunchtime.

The forgotten follow-up step. A withdrawal to your own wallet is only the first part. Without the swap into SODA by 31 December, the balance then sits on a switched-off blockchain. For that swap you need a wallet you control yourself and a small holding of the network token S on the Sonic network for the fees. Which device wallets are available in Germany and what they cost is set out in our hardware wallet comparison.

A fourth point belongs here for completeness, even though it is not a mistake: doing nothing is a valid decision. Your balance is then sold on 12 October at a price you do not know in advance, and the proceeds sit as euros in your Bitvavo account. For very small balances below the minimum order size it is the only possible decision anyway.

ICX at Bitvavo: How to Proceed Now

The deadlines are hard and the order is fixed. Three steps are enough, and the first is the only one that costs time today.

1. Check your balance and acquisition date. Open your Bitvavo account and note how many ICX are sitting there and when you bought them. Below around 422 ICX an active sale is no longer possible, and below 160 ICX neither is a withdrawal. Whether a gain falls inside the one-year holding period follows from the acquisition date; a portfolio tracker takes that mapping off your hands.
2. Decide between selling and withdrawing before 14:00 on Friday. Selling costs no additional fee and puts the timing in your hands. Withdrawing costs 43 ICX and requires a wallet that supports the ICON network, such as a hardware wallet. Anyone wanting to move to another exchange should check first in the exchange comparison whether the provider still lists ICX at all.
3. If you withdraw, put 31 December in the calendar. The swap from ICX into SODA runs only until the end of the year, after which the ICON blockchain is switched off. Set yourself a reminder with several weeks' lead time, and get a small holding of the network token S on the Sonic network ready beforehand for the fees.

Bitvavo published the full timetable in its announcement on the delisting of ICON; the migration deadlines and the shutdown date are in the ICON Foundation statement of 24 September.

(As of September 30, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)