If you’re looking to transfer BNB to your Metamask wallet, you may be looking for the cheapest ways to do so.
Here are some of the methods you can consider to reduce the transaction fees when transferring BNB.
What are the cheapest ways to send BNB to Metamask?
The cheapest ways to send BNB to your Metamask wallet would be either via FTX Pro or FTX App. This is because both of these platforms do not charge any withdrawal fees for BNB withdrawals via the BEP20 network.
Here are the fees being charged by the different exchange platforms to withdraw BNB using the BEP20 network:
From this table, there are 2 methods that you can use to send BNB without incurring any transaction fees: FTX Pro and FTX App.
FTX App and FTX Pro do not charge any withdrawal fees for BNB withdrawals via the BEP20 network
Both the FTX App and FTX Pro offer free withdrawals when you are withdrawing BNB using the BEP20 network.
If you are withdrawing BNB from FTX Pro, you are charged an extremely small amount of BNB as the withdrawal fee.
You won’t be able to send BNB using the BEP2 network to Metamask, as this network is not supported on the Metamask wallet.
The same applies to FTX App, which does not charge any fees even for ERC20 withdrawals!
However, one of the issues with the FTX App is that the spreads can be rather high, which is similar to the Crypto.com App.
Binance and AAX offer rather cheap withdrawals too
Similar to FTX App and FTX Pro, you should be using the BEP20 network and not the BEP2 network.
If you’re wondering what’s the difference between BNB and BUSD, you can check out this comparison here.
Purchasing BNB directly from Metamask is quite costly
If you are worried about the BEP20 withdrawal fees when you are withdrawing BNB to Metamask, you may consider buying BNB directly from Metamask.
You are able to buy BNB using Transak, but you can’t do so using USD.
However, you will be using a credit / debit card to purchase these cryptocurrencies, which can make your purchases rather costly!
To reduce the fees, it would be best to purchase BNB on an exchange, before sending it to Metamask via the ERC20 network.
If you are looking to send BNB to your Metamask wallet, the 2 best ways to do so would be either via the FTX App or FTX Pro.
Although the fees for the other platforms are rather low too, it will still be advantageous to withdraw them using these 2 platforms that offer free withdrawals.
After adding and receiving your tokens to your Metamask wallet, you can consider using decentralised exchange (DEX) aggregators, including:
Since both platforms are DeFi aggregators, they will ensure that you will get the best rates for any swaps that you make!
If you’re looking to generate tax reports for your crypto trades, you can consider using Koinly, which allows you to track your transactions from 350+ exchanges and 50+ crypto wallets.
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