How To Withdraw Money From Metamask To Bank Account

MetaMask is a popular cryptocurrency wallet that lets users store their Ethereum. Since users cannot sell or withdraw money from MetaMask, they must rely on some other cryptocurrency exchange for the process.

Most Metamask users adopt using Binance as their primary cryptocurrency commutation due to the low transaction fee. By using Binance to sell your Ethereum, users can specify the currency that they want to withdraw coin in.

In this guide, you lot will find out everything you need to know about selling your Ethereum and withdrawing money direct to your banking company account.

How to Withdraw Coin from MetaMask to Bank

Before you can withdraw money by selling Ethereum, y'all demand to transfer the crypto from MetaMask to an exchange like Binance.

Here'due south a step-by-step guide to transfer Ethereum from MetaMask to Binance and sell information technology for fiat money. Then, you can withdraw the amount to your bank account inside a few minutes.

Step i: Create an Account on Binance

The outset thing you lot need to do is register for an account on Binance. Get to Binance or download the mobile app, and click on "Register."

You lot volition be redirected to a registration folio that prompts you to enter a valid electronic mail accost and create a password.

Call back to choose a strong password since your Binance wallet will comprise a significant amount of money afterward y'all sell Ethereum besides as your banking concern details.

Once you accept the terms and service, click on "Create Account." Yous will also exist asked to verify your identity past entering your real engagement of nativity and electric current accost.

You tin too undergo a quick verification past uploading a photo of your ID card.

Stride two: Enter Your Ethereum Address on Binance

For this step, you need to find your Ethereum address on the Binance business relationship. Click on "Wallet" and select "Fiat and Spot." Open your spot wallet and detect "ETH" from the list of cryptocurrencies.

You will meet a "Deposit" push button right next to the cryptocurrency that yous select. Click on "Deposit Crypto" and select "ETH" nether the Coin menu. Then, specify the network as "ERC20."

At present, you will be able to view your ain Ethereum address on Binance. Copy this accost and salve information technology for later.

Footstep iii: Transfer the Ethereum from MetaMask

For this stride, you lot demand to go back to your MetaMask account and open your wallet. Click on "Ethereum Mainnet" to view your balance and a listing of options to cull from.

Since you wish to transfer the Ethereum from MetaMask to Binance, you lot need to click on "Send." This option will redirect y'all to an "Add Recipient" page on MetaMask.

Paste the copied address into the search bar on tiptop of the screen. If it is valid, you will view a tick mark that indicates this.

At present, you volition see two farther options pop up on the screen, "Asset" and "Amount." Make sure that y'all select "ETH" under the "Asset" field since you lot are transferring Ethereum.

And then, you can specify the amount that you want to transfer to Binance. Once you click on "Next," your transaction volition be under process and will take nigh lx minutes to complete.

Step four: Sell the Crypto on Binance

Now that the transaction is complete, you will be able to view the Ethereum on your Binance account. But how can you withdraw money of Ethereum value to your bank account?

For that, you demand to sell the Ethereum on Binance in exchange for fiat money.

Go to the selling page on your Binance account. Under "ETH", click on "Spend." Here, you will see an corporeality field where yous tin can enter the amount of Ethereum that you desire to convert to fiat money.

Yous volition also have to specify the currency in which you wish to receive your funds.

When yous click on "Go along," Binance will automatically display a list of instructions to follow to sell the Ethereum.

Step 5: Withdraw Coin to Your Bank

Once you accept sold Ethereum for fiat money and the corporeality is available on your Binance business relationship, yous can easily withdraw it to your bank business relationship.

Go to your Binance homepage, click on "Wallet" and open your fiat and spot wallet. Hither, you lot can view which cryptocurrencies you accept and their corresponding balances.

When y'all click on "Withdraw," you will be redirected to the withdrawal page that guides y'all about transferring the corporeality to your bank.

Recall to check the currency again and make sure that you have selected the right one. Then, click on the payment method and select "Banking concern Card."  Specify the amount that y'all wish to withdraw and enter your bank details in the given fields.

Upon clicking "Continue," you will be asked to enter a 6-digit verification code that is sent to your registered telephone number. Afterward you successfully complete the verification, your withdrawal request will be confirmed.

Pace half dozen: View Status

Using the "Bank Carte" payment option is the most efficient since it but takes a few minutes to make the withdrawal. Nonetheless, if you selected another choice such every bit SWIFT, it may take a few days to complete the withdrawal process.

During this period, you tin can click on "Transaction History" option under your fiat and spot wallet folio to view the condition. Once the withdrawal is successful, a tick marking volition appear next to the transaction.

Although it may sound complicated to withdraw money from MetaMask, all you need to do is use a cryptocurrency exchange like Binance to consummate the procedure.

Sell your Ethereum for fiat money and withdraw the amount directly to your bank account.

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Source: https://earthweb.com/how-to-withdraw-money-from-metamask-to-your-bank/

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