There are several Ethereum payment systems to choose from when purchasing Ether on MetaMask.
Wyre (simple payment APIs) and Transak (buy and sell crypto assets with a bank transfer) are two of the most popular platforms.
However, their costs are rather high, so you’ll be losing a significant amount of money. Instead, consider sending Ethereum to MetaMask from Binance.
Binance charges a 0.1% trading fee, which is the industry’s lowest.
If you don’t already have a Binance account, you can make one by using this link: https://www.binance.com/en/register.
Once you’ve purchased Ethereum from Binance, you can send it to MetaMask. In this guide, we’ll show you how to move Ethereum from Binance to MetaMask in 5 easy steps.
Here’s How You Can Send Ethereum (ETH) From Binance Exchange To MetaMask (Step By Step)
To send Ethereum from MetaMask to Binance, you must first copy your Ethereum address from it.
Then, go to Binance and select your fiat and spot wallet for the ETH withdrawal. To proceed to the withdraw page, click on “Withdraw” next to “ETH.”
On the Binance Withdrawal page, you can send Ethereum to MetaMask by following these simple steps.
Copy your Ethereum address from MetaMask, choose the “ERC20” network, and input the amount of ETH you want to send.
After you’ve sent your Ethereum, it’ll take approximately 30 to 60 minutes for the withdrawal process to finish.
It might take more than 60 minutes to complete if there is network congestion.
Here’s exactly the steps to transfer Ethereum from Binance to MetaMask:
- From MetaMask, copy your ETH address.
- Log into your Binance account.
- Locate your fiat and spot wallet.
- Select “Withdraw” from the drop-down menu next to “ETH”
- Then send your Ethereum to MetaMask
1. Copy your ETH address from MetaMask
The first step is to get your ETH (Ethereum) address from MetaMask. To accomplish that, you’ll need to install the MetaMask plugin for Chrome.
You’ll need to click the puzzle icon on the top navigation bar of Chrome to launch the MetaMask extension.
Select the MetaMask extension and click on it to launch it.
Then, access your MetaMask wallet or input your recovery phrase to import it. Once you’ve entered your wallet, be sure to pick the “Ethereum Mainnet” option.
To finish, click the duplicate button to copy your Ethereum address.
2. Log in to your Binance account
Okay now you’ve successfully copied your ETH address from MetaMask, it’s time for you to log in to your Binance account.
To begin, go to the Binance website by clicking on this link: https://www.binance.com/.
Or download the Binance mobile app for this. However, we’ll utilize Binance’s desktop version for this tutorial.
To access Binance, go to the top navigation bar and click on “Log In.” In the “Email” and “Password,” respectively, type your email address and password.
Then, to log in to your Binance account, go to “Login” and choose “Log In.”
3. Now go to your fiat and spot wallet
After you’ve logged into your Binance account, you’ll be presented with the site’s main page.
You’ll need to go to your fiat and spot wallet where your Ethereum wallet is kept.
To expand the menu, click on “Wallet” on the top navigation bar.
After you’ve selected “Wallet,” a drop-down menu will appear.
The side menu on the left contains multiple options which includes options like “Overview”, “Fiat and Spot”, “Margin”, and more. To go to your fiat and spot wallet, click on “Fiat and Spot.”
4. Now Click on “Withdraw” next to “ETH”
You’ll find yourself on the “Fiat and Spot” page after selecting “Fiat and Spot.” Your fiat and spot balances will be displayed on this page.
On this page you’ll see a list of all your cryptocurrency balances. Next scroll down the page until you reach the “Crypto Balance” header.
Under “Crypto Balance” tab, look for “Ethereum.” You’ll be able to exchange, trade, or convert your Ethereum on your Ethereum balance.
To access the Ethereum withdrawal page, click “Withdraw” next to “ETH.”
5. Finally send your Ethereum to MetaMask
After you’ve hit “Withdraw,” you’ll arrive at the Ethereum withdrawal page. On the screen, you’ll see two dropdown menus and two fields.
This includes “Coin”, “Address”, “Network”, and “Amount”. The first thing you should do is make sure that “Ethereum” is selected from the “Coin” small dropdown menu.
After “Ethereum” is chosen, here’s a step-by-step guide on what to do next:
- In the “Address” field, paste your MetaMask ETH address.
- Select “ERC20” from the dropdown menu labeled “Network.”
- Enter the amount of ETH you wish to send in the “Amount” field.
- To move your Ethereum from Binance to MetaMask, click on “Withdraw.”
By following the first step, you can acquire your ETH address from MetaMask. Ensure that you’ve picked the “ERC20” network rather than another one.
Otherwise, your money will be lost and Binance will be unable to reimburse you. Keep in mind that the minimum ETH withdrawal amount for the ERC20 standard is 0.007.
If there’s a Binance system upgrade going on, you won’t be able to withdraw your funds.
Until the system upgrade is finished, withdrawals will be stopped. For updates on the @BinanceHelpDesk account on Twitter, follow it.
It will take approximately 30 to 60 minutes to complete the withdrawal procedure. It might take longer than 60 minutes if there is network congestion. You’ve found out how to move Ethereum from Binance to MetaMask!
Is MetaMask Secure?
Web-based wallets (such as MetaMask) are considered the least secure of all cryptocurrency wallets. As a result, you may be wondering if MetaMask is safe.
MetaMask has not been hacked since its inception in 2016. The wallet is secured by HD backup settings and is maintained by a committed community of developers who are constantly updating the open source code.
The greatest threat to MetaMask is phishing assaults. These are scams employed by hackers to steal user data such as passwords and usernames.
To prevent Phishing attacks, avoid clicking on pop-up advertisements or suspicious emails. Instead, only log in to your wallet via the genuine site.
Users can not only use MetaMask to interact with the Ethereum blockchain, but they can also manage their identities on it.
When a DApp wishes to execute a transaction and write to the Ethereum blockchain, it offers the user with a secure interface.
However, it is suggested that you keep a good amount of your assets on the wallet itself. If you require to store huge quantities of tokens, hardware wallets like Ledger Nano or Trezor are an option.