Key Takeaways
- You can easily withdraw money from MetaMask to your bank account using the wallet's built-in sell feature;
- Alternatively, you can consider using a popular exchange like Bybit, Binance, or Kraken for potentially better liquidity and flexibility when withdrawing your cash;
- Be aware of associated withdrawal fees that may apply when figuring out how to get money out of MetaMask, including swap fees, gas fees, and fees from liquidity providers.
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If you’re using MetaMask and looking to cash out your crypto for everyday use, don’t worry—I’ve got you covered! Here, I'll walk you through the simplest methods of how to withdraw money from MetaMask to your bank account without hassle or confusion.
While you can easily send your funds directly from MetaMask to your bank using a built-in crypto provider, you also have the option to move your funds to a neobank-like platform such as Ogvio or use trusted exchanges like Binance, Kraken, or Bybit. These platforms often offer better rates and support a wider range of fiat currencies, giving you more flexibility.
So, stick with me as we explore the easiest ways how to cash out your MetaMask balance—it’s simpler than you might think!
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Table of Contents
- 1. Things to Know Before Withdrawing Money From Metamask
- 1.1. How to Bridge on Metamask?
- 1.2. How to Swap Tokens on Metamask?
- 2. How to Send Money From MetaMask to Ogvio
- 3. How to Send Money From Metamask to Your Bank Account Directly
- 3.1. Via Web Browser
- 3.2. Via Mobile App
- 4. How to Withdraw Money From Metamask to Your Bank Account via Crypto Exchanges
- 4.1. Binance
- 4.2. Bybit
- 4.3. Kraken
- 5. MetaMask Withdrawal Fees
- 6. Conclusions
Things to Know Before Withdrawing Money From Metamask
First things first, if you're already holding ETH on the Ethereum Mainnet and just want to know how to withdraw money from MetaMask directly to your bank account, you can jump ahead to the next section. But, if you’re holding other tokens or have ETH on a different network, you may want to stick around for a bit.
Latest Ledger Flex Coupon Found:While it's true the platform has a useful tool that makes it easy for you to understand how to withdraw money from MetaMask, there's a catch: this feature only works for ETH on the Ethereum Mainnet. So, if your ETH is on another network, you’ll need to bridge it over to the main network first. And if you’re holding other tokens, you’ll need to swap them for ETH.
Thankfully, the wallet has built-in bridge and swap features, making it much easier to figure out how to cash out MetaMask assets.
How to Bridge on Metamask?
If you're relatively new to the crypto space, you might be wondering, "Why do I need to bother 'bridging' my Ethereum?". Well, the thing is, even though the tokens are the same, they can exist on different blockchain networks that have their own rules and protocols.
Bridging is essentially transferring your tokens from one network to another so you can access specific features.[1] In this case, if you want to understand how to transfer money from MetaMask to bank account, you'll first need to learn how to move your ETH from another network to the Ethereum Mainnet.
The process may seem daunting for a newbie, but it’s actually pretty simple. Here’s how you do it:
Once your tokens have successfully made the leap to ETH on the Ethereum Mainnet, you can move on to the next section to learn how to withdraw money from MetaMask to your bank account. But if you're holding a different token on the Ethereum Mainnet, don’t worry! Let's learn how to swap it to ETH.
How to Swap Tokens on Metamask?
MetaMask's swap tool is a convenient tool that lets you effortlessly convert different tokens into Ethereum. This feature simplifies the process of cashing out your crypto directly within the wallet, helping you figure out how to withdraw money from MetaMask more easily.
While it streamlines everything by handling transactions in one place, it’s important to note that MetaMask simply acts as an aggregator. This means that MetaMask doesn’t provide the liquidity or execute the trades directly.[2] Instead, it pulls in rates from various liquidity providers across decentralized exchanges and shows you the best available options for your trade.
If you’re unsure about the process or feel that the rates aren’t ideal, you might want to look into how to withdraw from MetaMask to bank account using a crypto exchange instead (which I’ll explain later in this article).
But if you prefer the convenience of doing everything within one platform, here’s how to swap your token on Metamask:
Before you know it, your swapped tokens will land safely in your MetaMask wallet. Now that everything’s set, you can start looking into how to get money out of MetaMask.
Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look!
How to Send Money From MetaMask to Ogvio
There are more and more platforms that fuse traditional finance with Web3, providing you with a space where you can manage both fiat and crypto assets. One such platform is the soon-to-launch Ogvio. Primarily, it aims to be an international money transfer service, which you can use to send money to friends, family, and anyone you want.
While it kind of sounds like your usual TradFi service, it's built on blockchain technology, employs a non-custodial design, and stores user funds in on-chain, smart contract vaults. This ensures security, speed, and low costs promised by Ogvio.
Using it, you'll also easily be able to withdraw crypto to your bank account, which is why it's a convenient option if you want to cash out from MetaMask. Just note that Ogvio will only initially support the top crypto assets on the Base network, like USDC or BTC.
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That said, here's how you can send USDC on the Base network from MetaMask to Ogvio and then withdraw it to a bank account:
![How to withdraw money from MetaMask: click the [Send] button.](https://assets.bitdegree.org/images/how-to-withdraw-money-from-metamask-send-button.jpg "How to withdraw money from MetaMask: click the [Send] button.")
![How to withdraw money from MetaMask: click the [Add Money] button.](https://assets.bitdegree.org/images/how-to-withdraw-money-from-metamask-ogvio-add-money.jpg "How to withdraw money from MetaMask: click the [Add Money] button.")
![How to withdraw money from MetaMask: click the [See Your Wallet Address] button.](https://assets.bitdegree.org/images/how-to-withdraw-money-from-metamask-ogvio-see-wallet-address.jpg "How to withdraw money from MetaMask: click the [See Your Wallet Address] button.")
![How to withdraw money from MetaMask: click the [Send Money] button.](https://assets.bitdegree.org/images/how-to-withdraw-money-from-metamask-send-money-ogvio.jpg "How to withdraw money from MetaMask: click the [Send Money] button.")
![How to withdraw money from MetaMask: click the [Bank transfer] button.](https://assets.bitdegree.org/images/how-to-withdraw-money-from-metamask-add-recipient-bank-transfer-ogvio.jpg "How to withdraw money from MetaMask: click the [Bank transfer] button.")
You'll be able to use most of Ogvio's features without passing KYC, except for anything related to bank transfers. For that, you'll have to confirm your identity.
How to Send Money From Metamask to Your Bank Account Directly
With everything prepared and your ETH already on the Ethereum Mainnet in your wallet, let's explore how to withdraw money from MetaMask to your bank account easily.
I was not exaggerating when I said earlier that the process might be easier than you’d expect, thanks to MetaMask’s "sell" feature. This handy tool allows you to cash out your crypto assets into fiat currencies within the wallet. MetaMask partners with multiple trusted crypto-to-fiat providers, making the conversion smooth and efficient so your funds can head straight to your bank account safely.
You can access the feature on desktop web browsers and mobile devices.
Via Web Browser
Here’s an easy step-by-step guide on how to get money from MetaMask to your bank account using a web browser on your computer:
.jpg "How to withdraw money from MetaMask: pick your transfer method.")
And voilà! You’ve successfully withdrawn money from MetaMask to your bank account via your computer. You can track your order by checking the [Sell] tab, but keep in mind it might take a few days for the funds to appear in your bank account.
Via Mobile App
If you're not looking for how to get money from MetaMask to bank account using the web extension and prefer doing it through your smartphone instead, here’s an easy guide to follow:
That's it, you’ve successfully figured out how to withdraw money from MetaMask to your bank account using a smartphone. Just like using a web browser, the time it takes for your funds to arrive in your bank account will depend on the transfer method you’ve chosen—it could take anywhere from a few minutes to several days.
How to Withdraw Money From Metamask to Your Bank Account via Crypto Exchanges
Figuring out how to withdraw money from MetaMask to your bank account using a cryptocurrency exchange is a great alternative to consider. While it might take a few extra steps compared to using the MetaMask integrated feature, withdrawing from crypto exchanges can be an ideal method, especially if you’re in a region where MetaMask's selling feature isn’t available.
Plus, using reliable exchanges like Binance, Bybit, or Kraken can offer perks like better liquidity, lower fees, and more flexibility when converting your crypto into fiat currencies. So, let's walk through the process of how to withdraw from MetaMask to your bank account using these popular exchanges.
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Binance
Binance is one of the most popular crypto exchanges globally, known for its user-friendly interface and wide range of supported cryptocurrencies. If you prefer using an exchange instead of MetaMask’s built-in feature for withdrawing money from MetaMask, Binance is a reliable option thanks to its competitive rates and robust security.
Just follow this simple step-by-step guide to ensure everything goes smoothly:
Then just complete the transaction.
Congratulations! By following these steps, you should have successfully figured out how to get money from MetaMask to bank account using Binance. Your transaction will be handled through the platform, and depending on your bank, it may take around 1-5 business days for the funds to show up in your account.
Bybit
Bybit is also a fan favorite if you're looking into how to withdraw from MetaMask. The platform is gaining popularity thanks to its robust security, advanced features, and easy-to-use interface.
Aside from helping with withdrawals, Bybit is an ideal platform to explore various trading options like spot and derivatives trading. It offers advanced tools, fast transaction times, competitive fees, and a wide range of trading instruments.
That said, trading in crypto isn’t something to take lightly. It comes with significant risks, and advanced features like derivatives aren’t always beginner-friendly. If you're new to crypto, make sure you know where to start and fully understand the risks before diving in.
For now, though, let’s just focus on figuring out how to withdraw money from MetaMask to your bank account. Here’s a step-by-step guide to walk you through the process:
That’s it! Now you’ve mastered sending money from MetaMask to bank via Bybit’s easy-to-use one-click buy feature.
The platform will process your fiat withdrawal and send it to your bank account. The processing time can vary depending on the currency and payment method you choose. To find out the estimated processing times for each currency, you can visit the platform website and check the "Fiat Withdrawal" page.
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Kraken
Kraken is known for being one of the most secure and reliable crypto exchanges in the space, making it an ideal option if you're looking on how to withdraw money from MetaMask. With its emphasis on security and regulatory compliance, Kraken ensures your funds reach your bank account safely.
If you're new to the crypto space, Kraken’s user-friendly platform should make it easy to learn how to withdraw from MetaMask, convert your coins into fiat currency, and securely transfer the funds to your bank account.
Here’s a simple guide to help you through the process
Keep in mind that certain transactions, such as ACH purchases, PayPal transactions, and debit or credit card purchases, will trigger a temporary (72-hour) withdrawal hold on your account for security reasons.
As of writing, Kraken supports USD, EUR, CAD, AUD, GBP, CHF, and JPY. It's important to note that processing times can vary and are beyond the platform's control. Therefore, I recommend planning ahead, especially around banking holidays when delays may occur.
MetaMask Withdrawal Fees
Now that you’re familiar with how to withdraw money from MetaMask to bank account—either directly or through an exchange—let’s break down the fees you might encounter during these transactions.
First off, it’s good to know that MetaMask itself is entirely free to use. There’s no fee for downloading the app or holding your crypto in the wallet, no matter how long you keep it there. Plus, MetaMask doesn’t charge you anything to withdraw your cryptos. Sounds pretty nice, right?
But here’s the catch: You’ll still need to cover network (or gas) fees. These are common charges that come with any transaction on a blockchain and help to process your transactions.[3]
The amount you’ll pay in gas fees can change based on the network you’re using, how busy it is, and how complicated your transaction is. Keep in mind that these fees aren’t decided by MetaMask—they are just part of using blockchain technology.
Additionally, if you use MetaMask’s swap feature to exchange tokens, there will be a service fee of 0.875% on each swap.
For example, if you're trying to figure out how to withdraw USDT from MetaMask to your bank account and are swapping 1,000 USDT, you’d pay 8.75 USDT as a swap fee, in addition to the gas fees and any other charges from the liquidity providers involved.
So, it's essential to prepare for these costs and ensure you have enough funds to cover all potential fees when moving your tokens. Always keep track of these details to avoid any surprises during your transactions!
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Conclusions
Well, that's it! You now fully know how to withdraw money from MetaMask to your bank account, and I’m sure it’s not as complicated as you might have thought!
Just keep in mind to double-check the network your coins are on, especially when you’re using an exchange to transfer your funds. Making sure the networks match between MetaMask and the platform you’re using can save you from potential asset loss. And don’t forget about those fees—be ready for MetaMask's swap fees, gas fees, and any extra charges from liquidity providers.
With this knowledge, cashing out your funds from MetaMask should be much easier! And if you plan to hold onto your digital assets for the long term, consider transferring them to a secure hardware wallet like Trezor Safe 5 or Ledger Nano S Plus for extra peace of mind.
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Scientific References
1. D. Stone: 'Trustless, privacy-preserving blockchain bridges';
2. S. Subramanian, A. Augusto, R. Belchior et al.: 'Benchmarking blockchain bridge aggregators';
3. A. Donmez, A. Karaivanov: 'Transaction fee economics in the Ethereum blockchain'.
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