How to Send ETH From Binance to MetaMask
Metamask wallet allows users to transfer coins from Binance to their wallet for storage and is safer when kept on the online exchange. Metamask wallet has many advantages and supports for many tokens of the Ethereum blockchain, easy for conversion from coin exchange wallet and vice versa. In this tutorial, you will learn how to send ETH from Binance to MetaMask in 5 easy steps.
What is Metamask Wallet?
Metamask Wallet is a hot wallet platform used to store cryptocurrencies. The wallet was set up to be compatible with the Ethereum blockchain at the beginning of its release; later, for the wallet to be compatible with many different blockchains, the wallet has been improved and store more coins.
Features of Metamask Wallet
As mentioned above, the Metamask wallet was created to store cryptocurrencies from many different blockchain platforms. In addition, the wallet also allows users to use decentralized applications without the need to synchronize the entire network. Blockchain suite on the device. The superior features of Metamask are increasingly gaining the trust of many people, and integrating many utilities and features of the wallet allows users to make the most of this function.
Advantages and Disadvantages of Metamask Wallet
Advantages of Metamask
- Wallet support users to backup accounts
- Compatible with many exchanges, Wyre, Shapeshift, and CoinSwitch for the exchange of ETH with other coins
- User-friendly interface, easy to use
- Fast customer support service
Disadvantages of Metamask
- Wallet metamask platform is a hot wallet so it can be hacked by hackers
- Besides, the wallet does not have access to the user’s account, but the web browser may affect the user’s security information somewhat.
Is Metamask Wallet Safe?
In terms of the security of Metamask, it can be said to be quite safe because now there are more than 1 million users on the chrome browser, and there have not been any problems. Although the security of the wallet is high, it is still a hot wallet, or an online wallet, so it is difficult to compare with today’s cold wallets. Despite this, Metamask still provides 12-step security so users can rest assured. Along with outstanding utilities that win customers’ trust in the market, Metamask wallet can be considered safe for current users.
MetaMask has several payment networks where you can buy Ethereum. This includes Wyre (simple payments API) and Transak (buying and selling crypto assets by bank transfer). However, their fees are very expensive, so you will lose a lot of money from them. A better alternative is to buy Ethereum from Binance and send it to MetaMask. Binance has a 0.1% spot transaction fee, the lowest in the industry. If you do not have a Binance account, you can create one using the following link: https://www.binance.com. Once you have purchased Ethereum from Binance, you can send it to MetaMask.
How to Send ETH from Binance to MetaMask? The Easy Steps To Follow
To send ETH from Binance to MetaMask, you must first copy your Ethereum address from MetaMask. Then, navigate to your fiat, spot wallets on Binance and click “Withdraw” next to “ETH” to go to the withdrawal page. On the withdrawal page, you can send Ethereum to MetaMask.
You can send Ethereum to MetaMask on the Binance withdrawal page by doing three things. This includes pasting your Ethereum address from MetaMask, selecting the “ERC20” network, and entering the amount of ETH you want to send. After you have deposited Ethereum, the withdrawal will take approximately 30 to 60 minutes. If there is network congestion, it may take more than 60 minutes to complete.
So Here’s How to Send ETH from Binance to MetaMask in Detail:
- Copy your ETH address from MetaMask
- Login to your Binance account
- Navigate to your fiat and spot wallets
- Click “Withdraw” next to “ETH”
- Send your Ethereum to MetaMask
1. Copy your ETH address from MetaMask
The first step is to copy your ETH (Ethereum) address from MetaMask.
To do that, you must first open the MetaMask extension on Chrome. You can open the MetaMask extension by clicking the quiz icon on Chrome’s top navigation bar. Next, click on the MetaMask extension to open it. Then log in to your MetaMask wallet or enter it using your recovery phrase. Once you are in your wallet, make sure that the “Ethereum Mainnet” network is selected. Finally, click the duplicate icon to copy your ETH address.
2. Log in to your Binance Account
Now that you have copied your ETH address from MetaMask, you need to log in to your Binance account. First, visit the Binance website by clicking this link: binance.com. You can also use the Binance mobile app for this. However, we will use the desktop version of Binance for this tutorial. Once on Binance, click “Login” on the top navigation bar to go to the login page. Enter your email address and password in the “Email” and “Password” fields. Next, click “Log In” to log into your Binance account.
3. Navigate to Your Fiat and Spot Wallets
After logging in to your Binance account, you will be taken to the homepage. Now, you will need to navigate to your fiat wallet and locate your Ethereum wallet. On the top navigation bar, click “Wallet” to expand it. After you click “Wallet”, a navigation pane will open. The navigation pane contains many options. This includes “Overview”, “Fiat and Spot”, “Margin”, etc. Click on “Fiat and Spot” to go to your fiat and spot wallet.
4. Click “Withdraw” next to “ETH”
After you click on “Fiat and Spot”, you will arrive at the “Fiat and Spot” page. On this page, you will see your fiat and spot balances. This page also contains a list of your crypto balances. Scroll down the page until you reach the heading “Cryptocurrency balance”. Under the heading “Crypto Balance,” you need to find “Ethereum”. On your Ethereum balance, you can buy, deposit, withdraw, trade, earn or convert your Ethereum. Click “Withdraw” next to “ETH” to go to the Ethereum withdrawal page.
5. Send your Ethereum to MetaMask
After you click “Withdraw”, you will go to the Ethereum withdrawal page. On the page, you’ll see two drop-down boxes and two fields. This includes “Coin”, “Address”, “Network” and “Amount”. First, make sure that “Ethereum” is selected from the “Coin” drop-down box. Once “Ethereum” is selected, here is a step-by-step guide on what to do next: paste your ETH address from MetaMask (refer to step #1) into the “Address” field. Select the “ERC20” network from the “Network” drop-down box. Enter the amount of ETH you want to deposit in the “Amount” field. Click “Withdraw” to send your Ethereum from Binance to MetaMask.
You can get your ETH address from MetaMask by following the first step. Make sure you have selected the “ERC20” network and not another. Otherwise, your funds will be lost, and Binance will not be able to recover them for you.
Remember that the minimum ETH withdrawal for the ERC20 network is 0.007. Also, if there is an ongoing system upgrade on Binance, you will not be able to withdraw your funds. Withdrawals will be suspended until the system upgrade is complete.
You can follow the @BinanceHelpDesk profile on Twitter for announcements. Withdrawals will take approximately 30 to 60 minutes to complete. If there is network congestion, it may take more than 60 minutes to complete. You have successfully learned how to send ETH from Binance to MetaMask!
Setting up Metamask
One of the first steps you need to take to send ETH from Binance to Metamask is to set up Metamask. Metamask is a digital wallet that enables you to store, manage and transfer Ethereum and other ERC-20 tokens. Here’s how you can set up Metamask:
Downloading and installing the Metamask extension
The first step is to download the Metamask extension for your browser. Metamask is available for Chrome, Firefox, Opera, Brave, and Edge browsers. You can download the extension by visiting the Metamask website and clicking the “Get Chrome Extension” button. Once the download is complete, follow the installation instructions to add the extension to your browser.
Creating a Metamask wallet
After installing the Metamask extension, click on the Metamask icon in your browser toolbar to launch it. Follow the prompts to create a new wallet, set a password and backup your seed phrase. The seed phrase is a set of 12 words that you can use to restore access to your wallet if you ever lose your password or your device. Make sure to keep your seed phrase safe and don’t share it with anyone.
Funding the wallet with ETH
Once you have set up your Metamask wallet, you need to fund it with ETH. You can do this by purchasing ETH on an exchange like Binance and transferring it to your Metamask wallet address. To find your Metamask wallet address, click on the Metamask icon in your browser toolbar, and click on “Copy Address to Clipboard.” Then, paste the address into the withdrawal field on Binance, and follow the instructions to initiate the transfer. The ETH should arrive in your Metamask wallet within a few minutes.
That’s it! You have now successfully set up a Metamask wallet and funded it with ETH. The next step is to create a Binance account if you haven’t already done so.
Creating a Binance Account
To send ETH from Binance to Metamask, you will need to have a Binance account. Binance is one of the largest cryptocurrency exchanges in the world and supports a wide range of cryptocurrencies, including ETH. Here’s how you can create a Binance account:
Creating an account on Binance
The first step is to visit the Binance website and click on the “Register” button. You will be asked to provide your email address and create a password for your account. Make sure to use a strong password that you haven’t used before and enable 2-factor authentication for added security.
Setting up 2-factor authentication for security
To set up 2-factor authentication, you will need to download a 2FA app like Google Authenticator or Authy. Follow the instructions provided by Binance to link your account to the app and enable 2FA. This will add an extra layer of security to your account and protect it from unauthorized access.
Verifying the account
To withdraw ETH from Binance, you will need to verify your account by completing the KYC (Know Your Customer) process. This involves providing Binance with some personal information, such as your name, address, and ID document. Follow the instructions provided by Binance to complete the KYC process. Once your account is verified, you can start trading and withdrawing cryptocurrencies.
Above is how to send ETH from Binance to Metamask. Everyone needs to understand each step to not choose the wrong network, affecting the transaction process. When transferring coins to the storage metamask wallet, it will be somewhat safer than saving them directly on the exchange, so everyone should immediately create a Metamask wallet account to ensure the coins earned from the Binance exchange before withdrawing into money.
MetaMask can be used in decentralized platforms like PancakeSwap and Uniswap. If you want to swap Ethereum for another token in a decentralized platform, you must connect your MetaMask wallet first. If you don’t have Ethereum, it is highly recommended that you buy it from Binance and deposit it in your ETH wallet on MetaMask.