As the industry of crypto currency is increasing day by day, users tend to shift their coins to their wallets.
So with time users desire to experiment with new and different crypto wallets so that they can find some reliable wallet that can secure their currency in the best possible way.
Therefore, people tend to transfer their ETH from Binance to MetaMask.
Another reason is that MetaMask has several networks through which you can purchase Ethereum such as Wyre (simple payment APIs ) and Transak ( purchase and sell crypto currency with bank transfer).
But the fees of such a network are too expensive and costly that will require a lot of money. Therefore, people choose a different option of transferring ETH from Binance to MetaMask. You can buy Ethereum from finance and later transfer it to MetaMask.
If you hold crypto currency on Binance and you want to withdraw from Binance and transfer to MetaMask, then you can do it through the process described below.
Can We Transfer ETH From Binance To MetaMask?
Yes, you can safely transfer ETH from Binance to MetaMask. If you want to purchase ETH-based NFT in the market, you need to ensure that your crypto deposit is in good practice and you have a MetaMask wallet address.
People often choose to transfer ETH from Binance to metamask because purchasing of Eth directly from metamask is a little bit expensive.
Therefore, people buy eth from Binance and later transfer to Metamask which is affordable and requires less money in comparison.
How To Transfer ETH from Binance To MetaMask?
Steps to Transfer ETH from Binance To MetaMask:
Step 1: Hover Over The Binance Website
Launch the Binance website on your device. Create an account, type your email address or mobile number as user name and password for security and later click on Log In.
Step 2: Choose Wallet
As soon as you log in, Binance soon takes you to the dashboard. Press the Wallet option present at the top right corner of the display or screen. Press on it and choose an overview.
Step 3: Tap on Fiat and Spot
After clicking on overview, several options will appear on the left side of the display.
You can find the Fiat and spot option and tap on it. You can view every asset that has been bought by you.
Step 4: Explore Ethereum
Explore Ethereum on the list and choose Withdraw, present just on the right corner of your asset.
Step 5: Paste MetaMask Wallet Address
After choosing to withdraw, the site will show you to withdraw crypto window. One of the fields present among them is Address and you can paste your MetaMask Wallet Address in the Address field.
Step 6: Type The Amount
As you paste the MetaMask address of the wallet, the network field visible to you will automatically get updated. If it doesn’t appear, choose Ethereum.
Type the amount to be transferred, Select Max, if all the Ethereum is to be transferred.
Step 7: Confirm The Order
Now, when done, make sure to preview your order. When you will click on the withdraw opinion, a confirmation popup will appear on the screen. Confirm your transaction.
Step 8: Type The Verification Code
After confirming your transaction, you will get a verification code on the screen. Type the verification code and then confirm it.
Remember to check your withdrawal again and again because if you transferred your Crypto asset to the incorrect wallet then you can’t receive it back and you will lose it permanently.
After the submission, you have to wait for the processing. The process might take around 30 to 60 minutes. Then, you can check your status, by scrolling down in the recent withdrawal section.
After completion, move to the MetaMask wallet extension and you can preview your wallet balance.
Binance To MetaMask Transfer Time
The withdrawal period takes approximately 30 to 60 minutes. If we talk about the time taken to transfer ETH from Binance to MetaMask, then the withdrawal period may take around 30 to 60 minutes for accomplishment.
If there is a glitch or network congestion, it may take more than 60 minutes to complete. As it is not like other traditional banking systems where the transfer takes around 3 to 5 working days.
As we know that blocks in transactions hardly take a few minutes to complete your transaction of ETH from Binance to MetaMask. You can even check the balance of ETH on your MetaMask.
Binance To MetaMask Transfer Fee
The withdrawal fee is approximately 0.0016 ETH. However, the complete transfer fee depends upon the network congestion and blockchain network demand.
If you want to transfer ETH from Binance to MetaMask, then it is one of the easiest and most affordable and takes less transfer fee.
It is one of the best options or alternatives that you can choose to transfer ETH. As Binance has 0.01% of the spot trading fee, that is considered one of the lowest trading costs in the industry.
You can exchange ETH from a token on a platform that is decentralized using your connection to the MetaMask wallet.
But if you don’t have ETH, we suggest you purchase it from Binance and transfer it to the ETH wallet that is on MetaMask.