You may have bought some DAI on Kucoin, and you may be looking to send them to your Metamask wallet.
Here’s a complete guide on how you can do so:
How to transfer DAI from Kucoin to Metamask
Here are 5 steps to transfer cryptocurrencies from Kucoin to your Metamask wallet:
- Select the appropriate network on your Metamask wallet
- Copy the wallet address from your Metamask wallet
- Select the cryptocurrency that you wish to withdraw from Kucoin
- Enter the transaction details and withdraw the cryptocurrency using your preferred network
- Receive the cryptocurrency in your Metamask wallet
Select the appropriate network on your Metamask wallet
The first thing you’ll need to do is to ensure that you’ve selected the appropriate network on Metamask.
The default network for all Metamask wallets is the Ethereum Mainnet. However, you are also able to connect Metamask to other blockchain networks, such as:
You can view this video on how to add any new networks automatically with just one click:
Copy the wallet address from your Metamask wallet
Once you have selected the appropriate network on your Metamask wallet, you will need to copy the deposit address from your Metamask wallet.
The deposit address for any of these networks will be the same, as they are all EVM-compatible networks.
However, to view your cryptocurrencies on a certain network, you will still need to add that network to your Metamask wallet.
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!
Select the cryptocurrency that you wish to withdraw from Kucoin
Once you have copied the address from Metamask, you will need to go to ‘Overview‘, and then ‘Withdraw‘ on Kucoin’s platform.
Once you’re there, you can search for the cryptocurrency that you wish to withdraw.
Enter the transaction details and withdraw the cryptocurrency using your preferred network
The next step will be to enter the transaction details.
After pasting the deposit address from Metamask, KuCoin will show you the possible networks that you can use to withdraw to your wallet:
- Ethereum (ERC20)
You may want to note that you are only able to send your DAI via the ERC20 network only.
After choosing the ERC20 network, you will need to select the correct network to send your tokens with.
Receive the cryptocurrency in your Metamask wallet
After the transfer has been initiated, you will receive DAI in your Metamask Wallet.
The time taken to send DAI over will heavily depend on the congestion of the network that you used.
These are the general steps for how to send KuCoin to your Metamask wallet.
What are the fees for transferring from KuCoin to Metamask?
Here are the fees when you are withdrawing your DAI from KuCoin:
When transferring your assets from KuCoin to your Metamask wallet, you will need to ensure that you are using the correct network to transfer your funds.
The deposit address for Metamask is the same, regardless of which network you use.
However, you will need to ensure that Metamask supports the network that you are sending your cryptocurrency from KuCoin.
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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