How to withdraw money from MetaMask?

Are you a crypto fan, who just took a step into the challenging world of crypto trading by purchasing some Ethereum in your MetaMask Wallet and now worried about how to convert it back into money? If yes, then don’t worry because we are here to help you with this write-up. 

In our further content, we will cover an easy step-by-step guide that will help you to make a direct MetaMask withdraw to bank account.

Is it possible to make a withdrawal directly from MetaMask?

After reading through the above section, if you are thinking about the MetaMask withdrawal fee or direct MetaMask withdrawal, then we want you to clarify that it is not possible. Because MetaMask does not offer any feature related to MetaMask withdraw to bank accounts, you can only buy, send, receive, swap, and stake available cryptos in your account. But it doesn't mean that you cannot convert back your Ethereum into money. You can perform this action by sending your ETH to another crypto-related platform, which supports the function of sell and withdrawal.  

Pre Requirements for withdrawing money via MetaMask:

As we have also discussed in our above section, it will be required to have an account on a crypto exchange for making MetaMask withdraw to bank account. So before starting the further process visit the official web page or download the app of the reputed crypto exchange platform and then register yourself by following the on-screen instructions. And if you face any difficulty in finding the best platform, then we will recommend you choose Binance Exchange. Where you can easily send ETH from your MetaMask, and then sell and withdraw into your bank account. If you want to learn the steps for sending your ETH to Binance and selling and withdrawing on Binance then dive with us in our next sections of this write-up.

Steps for sending and selling ETH: 

Follow these simple steps to send your ETH from your MetaMask to Binance and then sell it on Binance for making your MetaMask withdraw to bank account. 

1. Visit the login page of Binance Wallet and then log into your account.

2. Hit on the “Wallet” tab and then select “Fiat and Spot”.

3. Scroll down and select ETH from the list of available cryptocurrencies. 

4. Hit on “Deposit” and then you can see your own Ethereum (ETH) token address. Copy the address and save it for further steps.

5. Launch MetaMask Extension and then sign into your wallet by using your correct login credentials.

6. Once you are logged into MetaMask Wallet, click on the “Send” icon.

7. Paste the address in the given text field which you have copied in step 4.

8. Enter the amount of the ETH that you wish to send to your Binance account. Make sure to leave some amount of ETH in your wallet because the platform takes charges on transaction fee rather than MetaMask withdrawal fee.

9. Click on “Next” and then on “Confirm” to finish the process of sending ETH in your Binance and then wait for 60 minutes.

10. Go ahead to the selling page of your Binance Account.

11. Select ETH in the first text field and then your preferred fiat currency in the second.

12. Enter the amount of ETH that you wish to convert into your selected fiat currency.

13. Hit on “Continue” and then follow the on-screen instructions to finish the entire process of selling your ETH. 

Steps for making the withdrawal:

Follow these simple steps for making a withdrawal of the fiat currencies that you received in return for your MetaMask ETH on Binance,

1. Go ahead to the homepage of your Binance account. 

2. Hit on “Wallet” and select “Fiat and Spot”.

3. Hit on the “Withdraw” tab, located at the top right menu bar.

4. Click “Withdraw Fiat”.

5. Select the fiat currency that you would like to withdraw to your bank account.

6. Select the transaction method that you would like to use for your withdrawal.

7. If you select “Bank Card”, then enter the required banking details and then hit on “Confirm”.

8. In the last step, verify your phone number or email ID via the verification code, and then hit on “Submit” to finish the entire process. 

Read - How do I withdraw my stake and rewards?

Bottom Line:

Overall, the entire process of making your MetaMask withdraw to bank account is quick and easy that can be done in just a few clicks by using an account on Binance or any other exchange. However, there is not any MetaMask withdrawal fee as the platform doesn’t offer a withdrawal feature. But if you use Binance for your MetaMask withdrawal, then you have to pay an estimated withdrawal fee, depending on the method of transaction you use.