To kick start the transfer of your Binance Coin (BNB) from MetaMask to Binance, you would have to fetch your BNB deposit address from your Binance wallet.
Then, you’ll have to log in to your MetaMask extension and ensure its connection with the Binance Smart Chain.
After this, you must select the ‘send’ option on the extension and paste the address copied from Binance.
Afterwhich, you’ll have to enter the amount of BNB you wish to transfer and then click on the ‘next’ button.
Now, after reviewing the details of the final transfer, you’ll have to click on ‘confirm’ to initiate the processing on the backend.
Typically, such a transfer should take about 3-10 minutes to settle. But depending on the network congestion, it could take more time.
Finally, to check the status of your transaction, you can head over to the ‘Activity’ tab on MetaMask and the ‘transaction history’ on Binance.
Here’s a comprehensive guide on how to send BNB from MetaMask to Binance:
- Going to ‘Fiat and Spot’ in the wallet section on Binance
- Heading over to the ‘Deposit’ section
- Retrieving the BNB deposit address
- Logging in to MetaMask
- Entering the BNB deposit address on MetaMask
- Entering the amount of BNB you wish to send
- Confirming your transaction
- Reviewing transaction status
1. Going to ‘Fiat and Spot’ in the wallet section on Binance
Firstly, you’ll have to log in to your account on the Binance website. Alternatively, you could log in via the Binance desktop/mobile app.
Then, you’ll have to search for a ‘user icon’ on the top right corner and click on it.
Now, select the ‘wallet’ tab from the dropdown options list.
In some cases (Eg. on the desktop app), you can directly locate the wallet section in the top right corner after logging in.
Following this, you should be able to see multiple options like ”Overview”, “Fiat and Spot”, and so on.
Finally, select the “Fiat and Spot” option.
2. Heading over to the ‘Deposit’ section
Now, you should be able to see your crypto holdings and balances.
You’ll have to click on the ‘Deposit’ (yellow) button.
You can find it in the upper part of the Fiat and Spot section.
If this is the first time you’ve ever initiated a deposit into your Binance account;
Ensure to select ”Crypto Deposit” and not “Fiat Deposit”
3. Retrieving the BNB deposit address
On this page, you should be able to see two options:
- ‘Select Coin’
- ‘Deposit to’
Now, go ahead and click on the first option.
You can right away select ‘BNB’ from the dropdown list.
Soon after this, select the second option by clicking on the ‘select network’ dropdown.
Here, it becomes crucial to select the correct network.
Which network to select? (It is vital to ensure that our deposit network resonates with the withdrawal network).
An inability to select the appropriate network could lead to a loss of funds.
Now select the ‘BSC: BNB Smart Chain (BEP20)’ option.
(Why expressly BEP 20? because MetaMask (withdrawal network) connects with the BNB Smart Chain BEP20)
Finally, you have successfully generated your BNB Deposit address.
Go ahead and copy it on your clipboard!
On this screen, you’ll also have an option to select the exact destination of the deposit arrival on Binance.
You can choose from any of the two options:
- Spot Wallet
- Funding wallet
4. Logging in to MetaMask
Now that we’ve generated our deposit address, it’s time to log in to MetaMask.
MetaMask is a crypto wallet available as a browser extension and as a mobile app.
After logging into the browser extension, you will have to select ‘BNB’ from under the “Assets” tab.
5. Entering the BNB deposit address on MetaMask
After selecting BNB, you will have to click on the “Send” option.
Next, you should see a “Send to” section pop on the screen.
Remember we copied the deposit address in the third step? It’s time to paste it!
Here, you just have to paste the address previously copied in the search bar.
6. Entering the amount of BNB you wish to send
Immediately after pasting the address in the designated search bar, you would see the following on your screen:
- The BNB balance you currently hold on MetaMask
- The amount to be transferred in the current transaction
- Gas price (GWEI)
- Gas Limit
Note: If you’ve entered this address for the first time, MetaMask will also give you an option to add it to your address book.
Now, go ahead and enter the quantum of BNB you wish to send. (Any specific amount of BNB)
If you wish to send the entire balance, you could simply click on the “Max” option.
Further, Gas fees are paid to crypto miners who process transactions on the network.
Since the Gas price and the Gas limit are as per the default network settings, you can leave them as it is.
Finally, you can click on “Next”
7. Confirming your transaction
This is the step where you’ll review the details of the transaction.
The screen will flash a summation of:
- Estimated gas fee
- The total amount of BNB to be transferred + gas fee
After having a quick look at the details, just click on “Confirm”
8. Reviewing transaction status
The transaction can typically take anywhere between 3-10 Minutes to complete.
But there may be delays in some cases based on the network congestion at the time of the transaction.
To check its status, you can see the “Activity” tab on metamask
In addition to this, you can also crosscheck the status on Binance.
For this, simply go to the “fiat and spot” section in your Binance wallet.
Click on “transaction history” on the left sidebar.
The transaction status should reflect as “confirming” in this transaction history.
This sign would mean that the deposit has been accepted by the network and will be processed within 3-10 minutes.
You’ve successfully learned how to transfer BNB from MetaMask to Binance!
The process is relatively simple and can be completed in a matter of a few minutes.