How to Transfer Crypto from Binance to Metamask
Want to transfer crypto from Binance to Metamask?
You are in the right place!
Today, In this article, you are going to learn how to transfer crypto from Binance to Metamask in a few simple and easy steps.
Transferring crypto from Binance to Metamask is like a piece of cake.
Binance Exchange is the largest crypto exchange by trade volume in the world.
Founded in 2017, the exchange become popular and a leader in the industry in a short period of time.
It is one of the most widespread crypto trading exchanges that is used by millions of crypto traders around the world.
It allows crypto traders and investors to buy, sell, hold, and trade their favorite cryptocurrencies in several countries.
Binance is an exchange where you can buy, sell, and trade up to 350+ cryptocurrencies including Bitcoin, Ethereum, Solana, Cardano, Shiba Inu, and Dogecoin on their platform.
In this article, I will show you how to transfer crypto from the Binance exchange to another popular decentralized wallet called Metamask.
What Is Metamask?
Metamask is a decentralized wallet that is used by 21 million users around the world. It is one of the most used and secure, decentralized wallets where users can send, receive and store their digital assets such as cryptocurrencies and NFTs.
Metamask app allows users to securely store all digital assets on the Ethereum network.
There are more than 21 million Metamask users. Users can also buy, store, and collect NFTs on this wallet.
The Metamask is available as a browser extension and also as a mobile app both on Android and IOS.
Click here to download it on your mobile or as a chrome extension if you are using a browser.
How To Transfer Crypto From Binance To Metamask?
- First, you must download and install the Metamask app on your smartphone.
- Create an account on Metamask and open it.
It takes only two minutes to create your Metamask account.
Just remember that the private keys that Metamask provides you are the most important thing in your account.
These are the door of your Metamask account.
If you lose these private keys, you will lose all your assets.
No one including Metamask can then recover your Metamask account and the assets you own there.
- Go to Metamask and enable the cryptocurrency that you want to transfer from the Binance exchange and receive here on Metamask.
- Once the coin is shown, swipe the button next to it to make it visible on your Metamask homepage.
- Next, click on the coin and select the ‘receive’ option.
- Copy the deposit address from Metamask for the coin.
- Now go to the Binance app and select the same crypto in the assets tab.
- Click on withdraw and paste the address you copied from Metamask.
- Enter the amount of that crypto you want to transfer and click on ‘withdraw’ to complete the transfer.
- The final step is to check the crypto on the Metamask.
Steps To Transfer Crypto From Binance To Metamask
Here is the exact step-by-step guide to transferring any crypto from the Binance exchange to the Metamask app.
The transfer process is the same for all the cryptocurrencies, which allows you to send all the cryptos from Binance to Metamask.
Step 1- Download The Metamask
The first step is to download the Metamask app on your smartphone.
Go to MetaMask.io and click the “Download” button, which will take you to the relevant app store to download the browser extension or mobile app based on the device and browser you’re using.
If you already have downloaded it, then you can skip this step.
Step 2- Create an Account On Metamask
Next, you need to create an account on Metamask. Which is just a few simple steps such as:
- Click on create a New Wallet
- Save your Recovery Phrase
- Verify your Recovery Phrase
If you already have an account on Metamask then skip this step and move to the next step.
Step 3- Select The Cryptocurrency
Now you simply have to find and select the crypto coin in Metamask that you want to transfer from Binance.
To do this, go to your Metamask account, and click on the coin that you want to receive hee.
If the coin does not show on the home screen of the wallet, click on the ‘import tokens’ option.
Type the name of the coin in the search field where Metamask will automatically show the coins based on your search.
If you do not find the coin yet, then click on the ‘custom token’ option.
Type the token address which you can find on the official page of the coin and coinmarketcap.com as well.
After typing the address and token name, click on ‘import’ to display the coin on the homepage of your Metamask wallet.
Step 4- Click On Recieve
The next step is to click on the coin that you added.
After clicking on it (coin), there will be three options with every coin such as:
Click on the ‘receive’ button.
Step 5- Copy The Address
Once you click on the ‘receive’ button. Metamask will show the deposit address for that coin.
You need to copy this.
Step 6- Go To Binance
Now go to the Binance exchange and click on ‘overview’ under the wallet tab.
Next click on the ‘Fiat and Spot’ wallet to see all the assets (coins) that you own in this exchange.
Find the crypto (Ethereum for example) and click on the ‘withdraw’ option which is shown next to each coin.
Step 7- Paste The Address of the Metamask
Now a new window will pop up asking you to enter the address of the recipient.
You will have to paste the Metamask address that you copied earlier.
Paste the address you copied from the Metamask and then enter the amount you want to transfer.
You can also withdraw all amounts of the selected coin by clicking on ‘Max’.
But I do not recommend this because you should first transfer a little amount and check if everything is going right.
This is risky because no one can recover crypto which is sent to the wrong address.
This is the safest way of doing a transaction from one exchange to another.
Step 8- Confirm And Verify Withdrawl On Binance
After you have pasted the address and the amount, the next step is to verify the transaction on Binance. It depends on the verification method that you have enabled on your Binance account.
Binance requires 2FA verification to increase your account security.
Usually, Binance sends you a code via email and phone which you need to enter for verification.
Enter the code you received on email/phone, and click on confirm.
Step 8- Check Crypto On Metamask
The final step is to check the crypto on the Metamask. It will show up just by opening the main page of Metamask and clicking on the coin.
If it does not show, refresh the wallet again. It will show up.
How Much Time Does It Take To Recieve Crypto On Metamask?
Deposits can take from 30 minutes to an hour. It depends on the coin that you are transferring. If there is more traffic on the coin’s blockchain, then it will take some time.
However, if you do the above steps carefully, you will not face any issues regarding your funds.
Take every step carefully especially when copying and pasting the address, and review it to make sure that the address is valid and correct.