MetaMask is a cryptocurrency wallet that allows you to store your Ethereum.
However, you will not be able to sell your Ethereum on it.
If you don’t sell your Ethereum, you won’t be able to withdraw money to your bank account.
If you want to sell your Ethereum, you need to use a cryptocurrency exchange.
There are many cryptocurrency exchanges including Binance, Coinbase, Gemini and others.
Binance is highly recommended because it has one of the lowest rates.
By selling your Ethereum on Binance, you can choose the currency you wish to receive.
For example, if you live in Europe, you can select the currency “EUR”.
In this guide, you will learn how to withdraw money from MetaMask to your bank account by selling your Ethereum on Binance.
How to withdraw money from MetaMask to your bank account
To withdraw money from MetaMask to your bank account, you need to send your Ethereum to a cryptocurrency exchange like Binance.
Then, sell your Ethereum on Binance and withdraw it to your bank account.
You will not be able to sell your Ethereum on MetaMask.
Then, you need to send your Ethereum to a cryptocurrency exchange like Binance.
At Binance, you will be able to sell your Ethereum for fiat money so that you can withdraw it to your bank account.
Binance offers a variety of withdrawal methods.
Withdrawal methods depend on your country or region.
The most common withdrawal method is the “Bank Card” method, also known as instant card withdrawal.
Using an instant card withdrawal, the process will typically take 5 minutes to complete.
However, there is a 1% transaction fee for EEA customers.
Here’s how to withdraw money from MetaMask to your bank account:
1. Create a Binance account
Start on Binance here: https://www.binance.com/en/register?ref=73583477 or use “73583477” as your reference code.
Before you can withdraw money from MetaMask to your bank account, you need to sell your Ethereum on a cryptocurrency exchange.
Binance is highly recommended because it has one of the lowest rates.
First, go to binance.com and click the “Register” button.
On the registration page, enter your email address and choose a password.
Then, use “73583477” as the reference ID.
Accept the terms of service and click “Create Account”.
After creating a Binance account, you need to verify your identity.
This includes basic verification and intermediate verification.
Basic verification requires you to provide your information, including your date of birth and address.
On the other hand, intermediate verification requires you to verify your identity by uploading your ID and taking a photo of yourself.
Once you’ve completed your verifications, you’ll have full access to Binance’s features.
2. Copy your Ethereum address to Binance
After creating a Binance account and verifying your identity, you need to copy your Ethereum address.
You need to send your Ethereum from MetaMask to this address later.
First, click “Wallet” followed by “Fiat and Spot” to go to your fiat and spot wallet.
On your fiat and spot wallet, you will see a list of your cryptocurrency balances.
Scroll down the list until you find “ETH”.
Once you find “ETH”, click “Deposit” next to it.
After clicking “Deposit”, you will land on the “Deposit Crypto” page.
First, if the “Coin” drop-down box is not “ETH”, select “ETH”.
Then, select the “ERC20” network using the “Network” drop-down box.
After selecting the “ERC20” network, you will see your Ethereum address.
Copy your Ethereum address by clicking on the duplicate icon.
3. Send your Ethereum from MetaMask to Binance
After copying your Ethereum address from Binance, open your MetaMask wallet.
Then, enter your MetaMask password to unlock your wallet.
Once you are on MetaMask, select the “Ethereum Mainnet” network.
Now you will see your Ethereum balance and 3 icons.
The 3 icons are “Buy”, “Send” and “Exchange”.
Since you are looking to send your Ethereum to Binance, click “Submit”.
After clicking Send, you will land on the “Add Recipient” page.
Now you need to paste your Ethereum address from Binance.
On the page you will see a “Search, public address (0x) or ENS” field.
In the field, paste your Binance Ethereum address from step #2.
After pasting your Ethereum address from Binance, you will land on the submission page.
Also, you will see a check mark at the top of the page.
The check mark indicates that the address you pasted is valid.
The submission page has a couple of fields including “Assets” and “Amount”.
First, make sure that “ETH” is selected in the “Assets” field.
Then, enter the amount of Ethereum you want to send to Binance in the “Amount” field.
Finally, click “Next” followed by “Send” to send your Ethereum to Binance.
The withdrawal process will typically take about 30 minutes to complete.
4. Sell your Ethereum on Binance
Sell your Ethereum on Binance here: https://www.binance.com/en/buy-sell-crypto?type=SELL.
Now that you have sent your Ethereum from MetaMask to Binance, you need to sell it for fiat money.
This way, you will be able to send your fiat money on Binance to your bank account.
First, go to the Binance sales page here: https://www.binance.com/en/buy-sell-crypto?type=SELL.
Once you are on the sales page, select “ETH” in the “Spend” field.
Secondly, enter the amount of Ethereum you want to sell.
Thirdly, select the currency you want to receive in the “Receive” field.
For example, if you live in Europe, select the currency “EUR”.
Finally, click “Continue” and follow the on-screen instructions to sell your Ethereum for fiat money.
5. Withdraw your money from Binance to your bank
Now that you have sold your Ethereum for fiat money on Binance, you will be able to withdraw it to your bank account.
First, click “Wallet” followed by “Fiat and Spot” to go to your fiat and spot wallet.
On your fiat and spot wallet, you will see your fiat and cryptocurrency balances.
Click on “Withdrawal” at the top of the page to go to the withdrawal page.
After clicking on “Withdrawal”, you will land on the withdrawal page.
Here’s what you need to do to withdraw your money to your bank account:
- Select the currency you want to withdraw using the “Currency” drop-down box (e.g. EUR).
- Select the payment method you want to use (e.g. credit card”).
- Enter the amount you want to withdraw to your bank account in the “Amount” field.
- If you are using the “Bank Card” payment method, click “Add New Card” and enter your card details.
- Click on “Continue”.
After clicking “Continue”, you need to complete a security verification.
This includes entering a 6-digit code that is sent to your phone number.
After completing the security verification, you will see an “Order Sent” popup.
This means that you have successfully withdrawn money from Binance to your bank account!
The withdrawal process will typically take 5 minutes if you have selected the “Bank Card” payment method.
However, if you’re using a payment method like SWIFT, it can take 1 to 4 business days for the money to arrive in your bank account.
To check the status of the withdrawal, click “View History” in the pop-up or click “Transaction History” in the left sidebar of your fiat and spot wallet.
Conclusion
If you want to withdraw money from MetaMask to your bank account in the future, you must first send your Ethereum to Binance.
Then, you will be able to sell your Ethereum for fiat money and transfer it to your bank account.
Keep in mind that every transaction you make incurs a fee.
So, it’s a good idea to withdraw your money from MetaMask to your bank account only if you want to sell a lot of Ethereum.
Whenever you send Ethereum from MetaMask, make sure you have entered the right address.
Otherwise, your Ethereum could be lost forever.