Crypto Invest

5 Steps To Transfer From Coinhako To Metamask

Coinhako To Metamask

Last updated on February 4th, 2022

If you’re looking to explore the DeFi world, you may want to send your cryptocurrencies from Coinhako to your Metamask wallet.

However, you will only be able to send ERC20 tokens from Coinhako to Metamask.

Here’s a guide to get you started.

How to transfer from Coinhako to Metamask

Here are 5 steps to transfer from Coinhako to Metamask:

  1. Obtain the deposit address from the Ethereum Mainnet on Metamask
  2. Go to ‘Wallet’ on Coinhako and select the currency to send
  3. Enter the withdrawal details on Coinhako
  4. Confirm the withdrawal with your 2FA
  5. Receive the cryptocurrency in your Metamask wallet

Obtain the deposit address from the Ethereum Mainnet on Metamask

The first thing you’ll need to do is to ensure that you are using the Ethereum Mainnet on Metamask.

Metamask Select Ethereum Mainnet

This is the default network for all Metamask wallets. However, you are also able to connect Metamask to other blockchain networks, such as:

  1. Polygon
  2. Fantom
  3. Binance Smart Chain
  4. Avalanche

As such, do remember to be on the Ethereum Mainnet before moving on to the next step.

Once you’re on the Ethereum Mainnet, you can copy the Metamask deposit address.

Metamask Copy ETH Address

If you are finding it hard to remember all of these long deposit addresses, you may want to consider simplifying them using Unstoppable Domains.

This allows you to send crypto to a .crypto or .wallet address, which makes it much easier to transfer cryptocurrencies between platforms!

Go to ‘Wallet’ on Coinhako and select the currency to send

Once you’ve obtained the address to send to, you’ll need to go to Coinhako to start sending your funds.

You’ll need to go to ‘Wallet‘, and then select the currency that you wish to withdraw.

Coinhako Web Platform

Enter the withdrawal details on Coinhako

After selecting the currency you wish to withdraw, you’ll need to enter the withdrawal details on Coinhako.

Coinhako ERC20 Withdrawal Details

You’ll also be able to view the fees that you’ll incur when you send the currency over.

Coinhako Withdrawal Fee

Confirm the withdrawal with your 2FA

After requesting your withdrawal, you’ll need to authenticate your withdrawal with a code from your 2FA app.

Coinhako 2FA Authenticate Withdrawal

Receive the cryptocurrency in your Metamask wallet

After confirming your withdrawal, you should receive your cryptocurrency in your Metamask wallet.

Which cryptocurrencies can I send from Coinhako to Metamask?

If you wish to send any cryptocurrencies from Coinhako to your Metamask wallet, you will need to ensure that you are sending them using the ERC20 network.

Some of the cryptocurrencies that you can send include:

  1. ETH
  2. SAND
  3. MANA
  4. ENJ
  5. LINK

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Send CRO To Keplr (IN 2 STEPS)
What are the fees that Coinhako charges for sending to Coinhako?

The withdrawal fees for ERC20 tokens from Coinhako can be rather high:

CryptocurrencyCoinhako
Withdrawal Fee
ETH0.008 ETH
SAND1 SAND
ENJ10 ENJ
LINK0.5 LINK
MANA1 MANA

As such, it would be good if you transfer a large amount of the cryptocurrency, so that the fees will not take such a large portion of your funds.

Conclusion

Sending cryptocurrencies to your Metamask wallet will allow you to do a lot more with them, such as using DeFi platforms.

However, the ERC20 withdrawal fees can be rather high, so it’ll be best to withdraw a larger sum of money each time to make the fees worth it!

After you have sent your currencies over, you may want to add them on Metamask so that you can view them. You can check out my guides on adding currencies like SAND or MANA to find out more.

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!


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