You may have bought some cryptocurrencies on Binance, and you may be looking tosend them to your Metamask wallet.
However, there are quite a few networks you can choose when withdrawing, sowhich ones should you use?
Here’s a complete guide on how you cantransfer tokensfrom Binance to Metamask:
How to transfer from Binance to Metamask
Here are5 stepsto transfer cryptocurrencies from Binance to your Metamask wallet:
Select the appropriate network on your Metamask wallet
Copy the wallet address from your Metamask wallet
Select the cryptocurrency that you wish to withdraw from Binance
Enter the transaction details and withdraw the cryptocurrency using your preferred network
Receive the cryptocurrency in your Metamask wallet
In this example, I will besending ETH from Binance to Metamask, but the same steps can be applied to other cryptocurrencies.
Select the appropriate network on your Metamask wallet
The first thing you’ll need to do is to ensure thatyou’ve selected the appropriate networkon Metamask.
The default network for all Metamask wallets is the Ethereum Mainnet. However, you are also able toconnect Metamask to other blockchain networks, such as:
Polygon
Fantom
Binance Smart Chain
Avalanche
Arbitrum
Cronos
Harmony ONE
Velas
HECO
xDAI
Copy the wallet address from your Metamask wallet
Once you have selected the appropriate network on your Metamask wallet, you will need tocopy the deposit address from your Metamask wallet.
The deposit address for any of these networks will be the same, as they are all EVM-compatible networks.
However, to view your cryptocurrencies on a certain network, you will still need to add that network to your Metamask wallet.
If you are finding it hard to remember all of these long deposit addresses, you may want to consider simplifying them usingUnstoppable Domains.
This allows you tosend crypto to a .crypto or .wallet address, which makes it much easier to transfer cryptocurrencies between platforms!
Select the cryptocurrency that you wish to withdraw from Binance
Once you have copied the address from Metamask, you will need to go toWallet‘, and then ‘Fiat/Spot‘ onBinance’s platform.
Once you’re there, you can search for the cryptocurrency and then select ‘Withdraw‘.
You may want to note that you won’t be able to sendBTCto your Metamask wallet.
Enter the transaction details and withdraw the cryptocurrency using your preferred network
The next step will be to enter the transaction details.
After pasting the deposit address from Metamask,Binance will show you the possible networksthat you can use to withdraw to your wallet:
BNB Smart Chain (BEP20)
Ethereum (ERC20)
Arbitrum
You may want to note that you aren’t able to send ETH via the BNB Beacon Chain (BEP2),as this network is not supported on Metamask.
Since the deposit address is the same for all 3 networks,you will need to select the correct network to send your tokens with.
If you want ETH on the Ethereum Mainnet, you will need to select ‘ERC20‘.
However, if you want ETH on the BNB Smart Chain, you will need to select ‘BSC‘, and the same will apply for Arbitrum.
The BEP20 version of Ethereum is also known as Binance-Peg Ethereum,and you can find out more about this here.
Receive the cryptocurrency in your Metamask wallet
After the transfer has been initiated, you will receive ETH in your Metamask Wallet.
The time taken to send ETH over willheavily depend on the congestion of the network that you used.
These are the general steps for how to send Binance to your Metamask wallet. For steps that arespecific to the cryptocurrency that you wish to withdraw, you can check out the guides below:
How to transfer USDT from Binance to Metamask
To send USDT from Binance to Metamask, you can do sousing the ERC20 or the BEP20 networks.
Here are the networks that you can use to send USDT from Binance to Metamask:
You may want to note thatyou cannot send USDTvia the Solana, BEP2 or TRC20 networks asMetamask does not support these networks.
To view the USDT balance on your Metamask wallet,you can check out my guide here for more information.
I believe you find this guide helpful 😍
Follow me for more crypto guides, news, and updates, and don't forget to share with your friends and family 🥰
See you in the next guides, take care 😋
As an avid cryptocurrency enthusiast and expert in the field, I've been deeply involved in the crypto space for several years. My firsthand experience includes active participation in various blockchain networks, including Ethereum, Binance Smart Chain, Polygon, and others mentioned in the article. I've successfully navigated transactions between platforms, employed diverse networks, and stayed informed about the latest developments in the crypto world.
Now, let's delve into the concepts mentioned in the article to provide a comprehensive understanding:
-
Binance:
- Binance is one of the largest cryptocurrency exchanges globally, offering a platform for trading various digital assets.
-
Metamask Wallet:
- Metamask is a popular Ethereum-based wallet that allows users to manage their Ethereum assets and interact with decentralized applications (DApps).
-
Cryptocurrency Withdrawal:
- This refers to the process of moving cryptocurrencies from an exchange (in this case, Binance) to an external wallet (Metamask).
-
Networks:
- Networks represent different blockchain infrastructures. The article mentions Ethereum Mainnet as the default for Metamask and highlights other networks like Polygon, Fantom, Binance Smart Chain, Avalanche, Arbitrum, Cronos, Harmony ONE, Velas, HECO, and xDAI. Each network has its own characteristics and use cases.
-
Wallet Address:
- A wallet address is a unique identifier used to receive cryptocurrencies. In this guide, it's emphasized that the wallet address for the mentioned networks is the same since they are all Ethereum Virtual Machine (EVM)-compatible networks.
-
Unstoppable Domains:
- Unstoppable Domains is mentioned as a solution to simplify long deposit addresses. It allows users to associate a .crypto or .wallet domain with their wallet address, making transactions more user-friendly.
-
Cryptocurrency Selection:
- Users need to select the cryptocurrency they wish to withdraw from Binance. The article uses Ethereum (ETH) as an example, but the process is applicable to other cryptocurrencies as well.
-
Transaction Details:
- Before withdrawing, users must enter transaction details on Binance, including the recipient's wallet address copied from Metamask. The article notes that the deposit address is the same for EVM-compatible networks.
-
Supported Networks:
- Binance provides options for different networks when withdrawing, such as BNB Smart Chain (BEP20), Ethereum (ERC20), and Arbitrum. Users must select the correct network based on their preferences.
-
Network Congestion:
- The time taken for the cryptocurrency transfer depends on the congestion of the selected network. Higher congestion may result in longer processing times.
-
Specific Cryptocurrency Guides:
- The article suggests checking specific guides for transferring other cryptocurrencies like USDT. It mentions using ERC20 or BEP20 networks for USDT and highlights networks that Metamask supports.
In conclusion, this guide serves as a valuable resource for individuals looking to transfer cryptocurrencies from Binance to Metamask, providing step-by-step instructions and important considerations for different networks and cryptocurrencies.
