How to withdraw money from MetaMask to a bank account [2022]8 min read

MetaMask is a cryptocurrency wallet that stores your Bitcoin, Ethereum and other currencies. However, you will not be able to sell your cryptocurrencies on Metamask; in other words, you cannot convert them into fiat.

If you don’t sell your crypto, you will not be able to withdraw money to your normal bank account. To do that, you must use a cryptocurrency exchange such as Binance, Kucoin, Coinbase, Gemini, and more.

Binance comes highly recommended as it has one of the lowest fees, and it is safe.

When you sell your crypto on Binance, you can choose which currency you want to receive.

For instance, if you live in America, you can select the currency “USD.”

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 your money from MetaMask to your bank account

To withdraw your hard-earned money from MetaMask to your bank account, you need to send your Ethereum to a cryptocurrency exchange, such as Binance.

Then sell your Ethereum to Binance and withdraw it to your bank account. You will not be able to sell your Ethereum on MetaMask.

On Binance, you will be able to sell your Ethereum for fiat currency, so you can withdraw it to your bank account.

Binance offers a variety of withdrawal methods. So choose one that suits you and go with it.

Also, note that withdrawal methods depend on your country or region.

The most common withdrawal method is the “credit card” method, also known as instant card withdrawal.

When using instant card withdrawal, the process usually takes 5 minutes.

However, there is usually a 1% transaction fee for European Economic Area (EEA) customers.

Here are steps on how to withdraw money from MetaMask to a bank account through Binance:

Step 1. Create a Binance Account

Metamask to bank account 1

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

On the registration page of Binance, enter a valid email address and choose a password.

Accept the terms and conditions and click on “Create an 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 accurate information, including your date of birth and address.

Conversely, intermediate verification requires you to verify your identity by uploading your ID and taking a photo.

After completing the verifications, you will have full access to Binance resources.

2. Copy your Ethereum (or other crypto) address on Binance

Metamask to bank account copy eth

After creating a Binance account and verifying your identity, you need to copy your Ethereum (other crypto) address.

Metamask to bank account 2

You will need to paste the Ethereum address on your MetaMask later.

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

In your fiat and trading wallet, you will see a list of your crypto balances.

Scroll through the list until you find “ETH.” Or just search for “ETH.”

Once you find “ETH,” click on “Deposit” next to it.

After clicking on the “Deposit” button, you will be directed to the “Crypto Deposit” page.

First, if the “Currency” drop-down list is not “ETH,” select “ETH.”

Then select the “ERC20” network using the “Network” drop-down list.

After selecting the “ERC20” network, you will see its Ethereum address.

Copy your Ethereum address by clicking the duplicate icon.

3. Send your Ethereum (ETH) from MetaMask to Binance

Metamask to bank account send eth

After copying the Ethereum address from Binance, open your MetaMask wallet.

Then enter your MetaMask password to unlock your wallet.

Once in MetaMask, select the “Ethereum Mainnet” network.

You will now see your Ethereum balance and three icons.

The three icons are “Buy,” “Send,” and “Exchange.”

Metamask to bank account 3

If you want to send your Ethereum to Binance, click “Submit.”

After clicking submit, you will be directed to the “Add Recipient” page.

Now you need to enter the Binance Ethereum address.

You will see a field “Search, public address (0x) or ENS” on the page.

In the field, enter your Binance Ethereum address from step 2.

Once you have pasted the Binance Ethereum address, you will be taken to the home page.

You will also see a checkmark at the top of the page.

The label indicates that the address you pasted is valid.

The submission page has several fields, including “Resources” and “Quantity.”

First, make sure “ETH” is selected in the “Asset” field.

Then enter the amount of ETH you want to send to Binance in the “Amount” field.

Finally, click “Next” followed by “Submit” to send your Ethereum to Binance.

The withdrawal process normally takes around 30 minutes. Note that you will be required to pay a certain gas fee.

4. Sell your Ethereum (ETH) on Binance

Sell your eth

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

Now that you have transferred your Ethereum from MetaMask to Binance, you need to sell it for fiat money.

This way, you will be able to send Binance fiat money to your bank account.

First, go to Binance’s sell page here: https://www.binance.com/en/buy-sell-crypto?type=SELL.

Once on the sales page, select “ETH” in the “Asset” field.

Second, enter the amount of Ethereum you want to sell.

Third, select the currency you want to receive in the “Receive” field.

For example, if you live in America, select “USD.”

Finally, click “Continue” and follow the on-screen prompts to sell your crypto for fiat money.

5. Withdraw your funds from Binance to your bank

withdraw your eth

Now that you have sold your Ethereum for fiat money on Binance, you can withdraw it to your bank account.

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

In your fiat and commercial wallet, you will see your fiat and cryptocurrency balances.

Click the “Withdraw” button at the top of the page to enter the withdrawal page.

After clicking “Withdraw,” you will be directed to the withdrawal page.

eth withdrawal page

This is what you need to do to withdraw money from your bank account:

  • Select the currency you wish to withdraw using the “Currency” drop-down list (e.g., USD).
  • Select the preferred payment method you want to use (e.g., credit card”).
  • Enter the amount you wish to withdraw from your bank account in the “Amount” field.
  • If you are using the “Credit card” payment method, click on “Add a new card” and enter your card details.

5. Click “Continue.”

Eth continue

After clicking “Continue,” you must complete a security check.

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

After completing the security check, you will see an “Order sent” pop-up window.

This means that you have successfully withdrawn money from Binance to your bank account!

The withdrawal process usually takes 5 minutes if you have selected the “Credit Card” payment method.

But, if you use a payment method, such as SWIFT, it may take 1-4 business days for the withdrawn money to enter your bank account.

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

Conclusion on withdrawing from Metamask to Bank Account

If you want to withdraw your funds from MetaMask to your bank account in the future, you must first send Ethereum to Binance or any exchange of your choice.

You can then sell your Ethereum for fiat currency and transfer it to your bank account.

Keep in mind that every trade you make carries a commission.

Therefore, it is a good idea to withdraw your money from MetaMask to your bank account only if you want to sell a large amount of Ethereum.

Whenever you send Ethereum from MetaMask, be sure to enter the correct address.

Otherwise, your Ethereum could be lost forever.