How To Cash Out On Metamask

admin 09/12/2022 Cryptocurrency 0 Views

MetaMask is a cryptocurrency wallet that allows you to shop your Ethereum.

Even so, you won’t be able to sell your Ethereum on it.

If you don’t sell your Ethereum, you won’t be able to withdraw coin to your depository financial institution account.

If yous want to sell your Ethereum, you need to
utilize a cryptocurrency substitution.

There are many cryptocurrency exchanges including Binance, Coinbase, Gemini, and others.

Binance is highly recommended
because it has one of the lowest fees.

By selling your Ethereum on Binance, you can choose the currency that you want to receive.

For instance, if you live in Europe, you can select the “EUR” currency.

In this guide, yous’ll learn how to withdraw money from MetaMask to your bank business relationship by selling your Ethereum on Binance.

How to withdraw money from MetaMask to bank business relationship

To withdraw money from MetaMask to your banking concern business relationship, yous need to send your Ethereum to a cryptocurrency exchange like Binance.

Side by side, sell your Ethereum on Binance and withdraw it to your bank business relationship.

You won’t be able to sell your Ethereum on MetaMask.

Hence, you need to ship your Ethereum to a cryptocurrency substitution similar Binance.

On Binance, you’ll be able to
sell your Ethereum for fiat money
so you can withdraw it to your bank account.

Binance offers a variety of withdrawal methods.

The withdrawal methods depend on your land or region.

The most common withdrawal method is the “Banking concern Card” method, which is also known as
an instant menu withdrawal.

By using an instant bill of fare withdrawal, the procedure will typically take 5 minutes to consummate.

Withal, in that location is a 1% transaction fee for EEA customers.

Here’s how to withdraw money from MetaMask to depository financial institution account:

Create a Binance account
Re-create your Ethereum address on Binance
Send your Ethereum from MetaMask to Binance
Sell your Ethereum on Binance
Withdraw your money from Binance to your bank

ane. Create a Binance business relationship

Become started on Binance here:https://world wide web.binance.com/en/register?ref=73583477 or use “73583477” as the referral code.

Earlier you tin withdraw money from MetaMask to your bank business relationship, you lot need to sell your Ethereum on a cryptocurrency commutation.

Binance is highly recommended because information technology has ane of the lowest fees.

Firstly, go to binance.com and
click on the “Register” button.

On the registration folio, enter your electronic mail address and choose a countersign.

And so,
use “73583477”
as the referral ID.

Take the terms of service, and click on “Create Business relationship”.

Later on you’ve created a Binance account, you need to
verify your identity.

This includes the basic verification and intermediate verification.

The bones verification requires you to provide your information including your altogether and accost.

On the other hand, intermediate verification requires you to verify your identity by
uploading your ID
and taking a photo of yourself.

In one case you’ve completed the verifications, you lot’ll accept full admission to the features on Binance.

2. Copy your Ethereum address on Binance

After y’all’ve created a Binance business relationship and verified your identity, you need to copy your Ethereum address.

You need to send your Ethereum from MetaMask to this address later on.

Firstly, click on
“Wallet” followed past “Fiat and Spot”
to go to your fiat and spot wallet.

On your fiat and spot wallet, you lot’ll see a listing of your cryptocurrency balances.

Roll downward the list until yous discover “ETH”.

Once yous’ve constitute “ETH”,
click on “Deposit”
next to it.

After you’ve clicked on “Eolith”, you’ll state on the “Deposit Crypto” page.

Firstly, if the “Money” dropdown box isn’t “ETH”, select “ETH”.

Next,
select the “ERC20” network
using the “Network” dropdown box.

Once you lot’ve selected the “ERC20” network, you’ll see your Ethereum accost.

Re-create your Ethereum address
by clicking on the duplicate icon.

3. Send your Ethereum from MetaMask to Binance

After y’all’ve copied your Ethereum address from Binance,
open your MetaMask wallet.

Adjacent, enter your MetaMask countersign to unlock your wallet.

Once you’re on MetaMask, select the “Ethereum Mainnet” network.

Now, you’ll see your Ethereum balance and 3 icons.

The 3 icons are “Buy”, “Send”, and “Swap”.

Since you’re looking to transport your Ethereum to Binance,
click on “Send”.

After you’ve clicked on send, you’ll land on the “Add Recipient” folio.

Now, you lot need to paste your Ethereum address from Binance.

On the folio, y’all’ll encounter a “Search, public accost (0x), or ENS” field.

On the field,
paste your Binance Ethereum address
from step #two.

How to withdraw money from MetaMask to bank account

After you’ve pasted your Ethereum accost from Binance, you’ll land on the sending page.

In improver, you’ll run across a tick at the top of the page.

The tick indicates that the address that you’ve pasted is valid.

The sending page has a couple of fields including “Asset” and “Amount”.

Firstly, brand sure that “ETH” is selected in the “Nugget” field.

Next,
enter the amount of Ethereum that you want to send
to Binance in the “Amount” field.

Lastly, click on “Next” followed past “Send” to send your Ethereum to Binance.

The withdrawal process volition typically take
about 30 minutes
to complete.

iv. Sell your Ethereum on Binance

Sell your Ethereum on Binance hither: https://www.binance.com/en/buy-sell-crypto?type=SELL.

Now that y’all’ve sent your Ethereum from MetaMask to Binance, you demand to sell information technology for fiat money.

That manner, you’ll exist able to send your fiat money on Binance to your banking concern account.

Firstly, go to the selling page on Binance here: https://www.binance.com/en/buy-sell-crypto?type=SELL.

In one case you’re on the selling folio,
select “ETH”
on the “Spend” field.

Secondly, enter the amount of Ethereum that you desire to sell.

Thirdly,
select the currency that y’all want to receive
in the “Receive” field.

For example, if you live in Europe, select the “EUR” currency.

Lastly,
click on “Continue”
and follow the on-screen instructions to sell your Ethereum for fiat money.

five. Withdraw your money from Binance to your bank

Now that you lot’ve sold your Ethereum for fiat money on Binance, you’ll exist able to withdraw information technology to your bank business relationship.

Firstly, click on
“Wallet” followed by “Fiat and Spot”
to go to your fiat and spot wallet.

On your fiat and spot wallet, you’ll see your fiat and cryptocurrency balances.

Click on “Withdraw”
at the peak of the page to go to the withdrawal page.

Later on you’ve clicked on “Withdraw”, you’ll country
on the withdrawal page.

Here’south what you need to practice to withdraw your money to your banking company account:

Select the currency that you want to withdraw using the “Currency” dropdown box (eastward.thou. EUR).
Select the payment method that you want to use (e.grand. Banking concern Carte du jour”).
Enter the corporeality that yous want to withdraw to your bank account in the “Amount” field.
If you’re using the “Bank Carte” payment method, click on “Add New Carte du jour” and enter your card information.
Click on “Proceed”.

Later yous’ve clicked on “Continue”, yous demand to
complete a security verification.

This includes entering a 6-digit code that is sent to your phone number.

After you’ve completed the security verification, you’ll run across an “Society Submitted” pop-up.

This ways that you’ve successfully withdrawn money from Binance to your bank account!

The withdrawal process will typically take 5 minutes if you lot’ve selected the
“Bank Card” payment method.

Notwithstanding, if you’re using a payment method like SWIFT, information technology tin can take i to 4 business concern days for the coin to arrive in your bank business relationship.

To bank check the withdrawal status,
click on “View History”
on the pop-up or click on “Transaction History” on the left sidebar of your fiat and spot wallet.