Crypto

5 Steps To Transfer FTM From Binance To Metamask

Send FTM From Binance To Metamask

Last updated on March 21st, 2022

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You may have bought some FTM on Binance, and are looking to send it to your Metamask wallet.

Here’s a guide to show you each step:

How to transfer FTM from Binance to Metamask

Here are 5 steps to send your FTM from Binance to your Metamask wallet:

  1. Select the appropriate network on your Metamask wallet
  2. Copy the wallet address from your Metamask wallet
  3. Select FTM as the currency you wish to withdraw from Binance
  4. Enter the transaction details and withdraw FTM using your preferred network
  5. Receive FTM 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.

Metamask Supported Networks

You are able to send either the ERC20, BEP20 or Fantom versions of FTM from Binance to your Metamask wallet. As such, you will need to select which network you intend to use to send your FTM tokens.

You will need to add the Binance Smart Chain or Fantom networks to your Metamask wallet if you have not done so too.

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.

Metamask Copy ETH Address

You may notice that your Binance Smart Chain deposit address is exactly the same as your Ethereum Mainnet address and Fantom address.

However, you will still need to add the Binance Smart Chain or Fantom network to your Metamask wallet so that you can view the FTM that you’ve sent over using those networks.

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 FTM as the currency you wish to withdraw from Binance

Once you have copied the address from Metamask, you will need to go to Wallet‘, and then ‘Fiat/Spot‘ on Binance’s platform.

Binance Wallet Fiat Spot

Once you’re there, you can search for FTM, and then select ‘Withdraw‘.

Binance Withdraw FTM

Enter the transaction details and withdraw FTM using your preferred network

The next step will be to enter the transaction details.

After pasting the FTM deposit address from Metamask, Binance will show you the 3 networks that you can use to withdraw:

  1. Binance Smart Chain (BEP20)
  2. Ethereum (ERC20)
  3. FTM
Binance Select FTM Network

You may want to note that you aren’t able to send FTM via the Binance Chain (BEP2), as the Binance Chain is not supported on Metamask.

Since the deposit address is the same for all 3 networks, you will need to select the correct network to send your tokens with.

If you want FTM tokens on the Fantom Network, you will need to select ‘Fantom‘. This will be useful if you want to use Tomb Finance to earn even more FTM.

However, if you want your FTM tokens on the Binance Smart Chain, you will need to select ‘BSC‘.

Receive FTM in your Metamask Wallet

After the transfer has been initiated, you will receive FTM in your Metamask Wallet.

The time taken to send FTM over will heavily depend on the congestion of the network that you used.

What are the fees to transfer FTM from Binance to Metamask?

Here are the fees for withdrawing FTM from Binance, depending on the network you choose:

ERC2012 FTM
BSC0.093 FTM
FTM0.001 FTM

The fees are cheapest if you are using the Fantom network, while it is the most expensive when you are withdrawing via the ERC20 network!

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Conclusion

To send FTM from Binance to Metamask, you will need to ensure that you have added either the Binance Smart Chain or Fantom network to your Metamask wallet.

This process is similar to how you would send MATIC to your Metamask wallet from Binance.

Since the deposit address is the same for all 3 networks, it will depend on which network you chose (ERC20, BSC or FTM) to withdraw FTM from Binance!

While FTM is the native token of the Fantom network, you’ll need to import the FTM token to the ERC20 network or the Binance Smart Chain.

You can view my guide on how you can send other tokens from Binance to Metamask here.

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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