MetaMask has a couple of payment networks that you can buy Ethereum from.
This includes Wyre (simple payment APIs) and Transak (buy and sell crypto assets with a bank transfer).
However, their fees are very expensive, so you’ll be losing 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 trading fee, which is the lowest in the industry.
If you don’t have a Binance account yet, you can create one using this link: https://www.binance.com/en/register?ref=73583477.
Once you’ve bought Ethereum from Binance, you can send it to MetaMask.
In this guide, you’ll learn how to send Ethereum (ETH) from Binance to MetaMask in 5 simple steps.
How to send Ethereum from Binance to MetaMask
To send Ethereum from Binance to MetaMask, you must first copy your Ethereum address from MetaMask.
Then, navigate to your fiat and spot wallet on Binance and click on “Withdraw” next to “ETH” to go to the withdrawal page.
On the withdrawal page, you’ll be able to 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 enter the amount of ETH that you want to send.
After you’ve sent your Ethereum, the withdrawal process will take about 30 to 60 minutes to complete.
If there is network congestion, it might take more than 60 minutes to complete.
Here is how to send Ethereum from Binance to MetaMask:
- Copy your ETH address from MetaMask
- Log in to your Binance account
- Navigate to your fiat and spot wallet
- Click on “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 on the puzzle icon on the top navigation bar of Chrome.
Next, click on the MetaMask extension to open it.
Then, log in to your MetaMask wallet or import it using your recovery phrase.
Once you’re in your wallet, make sure that the “Ethereum Mainnet” network is selected.
Lastly, click the duplicate icon to copy your ETH address.
2. Log in to your Binance account
Now that you’ve copied your ETH address from MetaMask, you need to log in to your Binance account.
Firstly, go to the Binance website by clicking on this link: https://www.binance.com/.
You can also use the Binance mobile app for this.
However, we’ll use the desktop version of Binance for the purpose of this guide.
Once you’re on Binance, click on “Log In” on the top navigation bar to go to the login page.
Enter your email address and password in the “Email” and “Password” fields respectively.
Next, click on “Log In” to log in to your Binance account.
3. Navigate to your fiat and spot wallet
After you’ve logged in to your Binance account, you’ll land on the homepage.
Now, you’ll need to navigate to your fiat and spot wallet where your Ethereum wallet is located.
On the top navigation bar, click on “Wallet” to expand it.
After you’ve clicked on “Wallet”, a navigation drawer will open.
The navigation drawer contains multiple options.
This includes “Overview”, “Fiat and Spot”, “Margin”, and more.
Click on “Fiat and Spot” to go to your fiat and spot wallet.
4. Click on “Withdraw” next to “ETH”
After you’ve clicked on “Fiat and Spot”, you’ll land on the “Fiat and Spot” page.
On this page, you’ll see your fiat and spot balance.
The page also contains a list of your cryptocurrency balances.
Scroll down the page until you reach the “Crypto Balance” header.
Under the “Crypto Balance” header, you need to find “Ethereum”.
On your Ethereum balance, you’ll be able to buy, deposit, withdraw, trade, earn, or convert your Ethereum.
Click on “Withdraw” next to “ETH” to go to the Ethereum withdrawal page.
5. Send your Ethereum to MetaMask
After you’ve clicked on “Withdraw”, you’ll land on the Ethereum withdrawal page.
On the page, you’ll see two dropdown boxes and two fields.
This includes “Coin”, “Address”, “Network”, and “Amount”.
Firstly, make sure that “Ethereum” is selected from the “Coin” dropdown box.
After “Ethereum” is selected, here’s a step-by-step guide on what to do next:
- Paste your ETH address from MetaMask (refer to step #1) in the “Address” field.
- Select the “ERC20” network from the “Network” dropdown box.
- Enter the amount of ETH that you want to send in the “Amount” field.
- Click on “Withdraw” to send your Ethereum from Binance to MetaMask.
You can get your ETH address from MetaMask by following the first step.
Make sure that you’ve selected the “ERC20” network and not another network.
Otherwise, your funds will be lost and Binance will not be able to recover it for you.
Keep in mind that the minimum ETH withdrawal amount for the ERC20 network is 0.007.
In addition, if there is an ongoing system upgrade on Binance, you won’t be able to make withdrawals.
Withdrawals will be suspended until the system upgrade is complete.
You can follow the @BinanceHelpDesk profile on Twitter for announcements.
The withdrawal process will take about 30 to 60 minutes to complete.
If there is network congestion, it might take longer than 60 minutes for it to complete.
You’ve successfully learned how to send Ethereum from Binance to MetaMask!
Conclusion
Cryptocurrency games like Axie Infinity are pay-to-win and require you to spend Ethereum on in-game items.
On Axie Infinity, you need to buy 3 Axies using Ethereum before you can play the game.
To do so, you need to use MetaMask and Ronin Wallet.
MetaMask can be used in decentralized platforms like PancakeSwap and Uniswap as well.
If you want to swap Ethereum for another token in a decentralized platform, you need to connect your MetaMask wallet first.
If you don’t have Ethereum, it’s highly recommended that you buy it from Binance and send it to your ETH wallet on MetaMask.
Further reading
Best Binance Referral ID Code in 2021
How to Make a MetaMask Wallet
How to Create a Ronin Wallet
TagsCryptocurrency
