How To Withdraw From MetaMask? Guide Step By Step

MetaMask is a popular cryptocurrency wallet that allows users to store, send, and receive digital currencies. However, many people are still unsure about how to withdraw from MetaMask. If you have stored cryptocurrencies in your MetaMask wallet and want to withdraw them, you can follow these step.

HOW TO WITHDRAW MONEY FROM METAMASK?

How to withdraw from MetaMask to bank account? At the moment, you cannot withdraw money directly from MetaMask to a bank account. However, you can withdraw funds through a cryptocurrency exchange, sell your crypto to withdraw fiat currency, or use MetaMask's sell feature.

Transfer Crypto From MetaMask To An Exchange Platform

For those who do not know how to withdraw in MetaMask, you can transfer your crypto from MetaMask to a reputable cryptocurrency exchange, and then withdraw the funds from the exchange.

Step 1: Log in to MetaMask and select your crypto
To withdraw money from crypto to an intermediary such as a cryptocurrency exchange, you need to initiate the crypto transfer first. After successfully logging into MetaMask, click on the wallet and select the cryptocurrency you want to transfer.

Step 2: Check the compatibility of crypto with the exchange
You need to check whether the chosen exchange supports the type of crypto you want to transfer from MetaMask. This step is crucial because if the exchange does not support it, you won't be able to transfer the crypto.

Step 3: Obtain the crypto transfer address from the exchange
At this step, log in to your account on your exchange, navigate to the cryptocurrency deposit section, and select the type similar to what you have in MetaMask. Then, copy the provided address for transferring crypto.

Step 4: Transfer crypto
In MetaMask, click on the selected cryptocurrency and press "send." After that, paste the exchange address into the recipient field. Enter the amount of crypto you want to transfer and confirm to complete the transaction.

Sell Crypto and Withdraw Fiat

If you do not know how to withdraw money from MetaMask to bank account or how to withdraw money from MetaMask to PayPal, you could sell crypto and withdraw it to your bank account. Once you have cryptocurrency on the exchange, follow these steps:

Step 1: Sell crypto
To sell crypto, navigate to the trading section and place a sell order for your cryptocurrency. You can place a market order at the current market price or set a specific price for your order.

Step 2: Check Balance and Withdraw to Bank Account
After successfully selling crypto, check the balance in your wallet and access the withdrawal section on the exchange. Choose the option to withdraw funds in fiat currency. Next, select the linked bank account and enter the amount you wish to withdraw.

It is important to note that withdrawing funds may incur additional fees, depending on the cryptocurrency exchange policies.

HOW TO CANCEL METAMASK TRANSACTION?

Canceling a MetaMask transaction directly is not always possible because once a transaction is initiated, MetaMask processes it. If the transaction is still pending, you can easily click the cancel button.

However, if the transaction has already been confirmed on the blockchain, it cannot be altered permanently. You may consider the following alternatives:

• Contact the dApp team if the transaction is related to interacting with a decentralized application.
• If the transaction involves interacting with a smart contract, you may interact with the contract again to mitigate the impact of the original transaction.

Through this article, it is hoped that you now know how to withdraw from MetaMask. Currently, MetaMask does not directly support withdrawing funds to a bank account or PayPal. However, you can use alternative methods through cryptocurrency exchange intermediaries.