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.
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As a seasoned cryptocurrency enthusiast with a profound understanding of blockchain networks, Binance, and Metamask, I can assure you that navigating the complexities of transferring cryptocurrencies between these platforms requires careful consideration of various factors. Allow me to demonstrate my expertise by providing detailed insights into the concepts discussed in the article.
1. Choosing the Right Network on Metamask:
- Ethereum Mainnet: The default network for Metamask.
- Other Networks: Polygon, Fantom, Binance Smart Chain, Avalanche, Arbitrum, Cronos, Harmony ONE, Velas, HECO, xDAI.
- Understanding that different networks offer varying transaction speeds and costs is crucial for efficient transfers.
2. Copying the Wallet Address from Metamask:
- Emphasizing the compatibility of deposit addresses across EVM-compatible networks.
- Introducing the option of using Unstoppable Domains for simplified and user-friendly transactions.
3. Selecting the Cryptocurrency on Binance:
- Accessing the 'Wallet' and 'Fiat/Spot' sections on Binance to initiate the withdrawal process.
- Acknowledging that certain cryptocurrencies, like BTC, cannot be sent to Metamask directly.
4. Entering Transaction Details and Choosing the Network:
- Highlighting the importance of selecting the correct network (e.g., BNB Smart Chain, Ethereum, Arbitrum) based on the desired outcome.
- Clarifying that the deposit address remains the same for different networks, requiring users to specify the network during the withdrawal process.
5. Receiving Cryptocurrency in Metamask:
- Managing expectations by explaining that transaction times depend on network congestion.
- Stressing the significance of monitoring the appropriate network for the received tokens in Metamask.
6. Specifics for USDT Transfers:
- Offering additional guidance for transferring USDT from Binance to Metamask.
- Mentioning the supported networks (ERC20 and BEP20) and restrictions (Solana, BEP2, TRC20) on Metamask.
7. Conclusion and Call to Action:
- Expressing confidence in the guide's helpfulness and encouraging readers to follow for more crypto insights.
- Creating a sense of community by inviting readers to share with friends and family.
In conclusion, the comprehensive guide provides a solid foundation for users looking to transfer cryptocurrencies from Binance to Metamask, demonstrating my expertise in the intricate processes involved. For specific cryptocurrency transfers, users are encouraged to refer to additional guides for tailored instructions.
