Last updated on February 4th, 2022
You may have bought some OHM tokens on Gate.io, and may be looking to send them to your Metamask wallet so that you can stake them.
Here’s a guide on how you can do so.
How to send OHM from Gate.io to Metamask
Here are 5 steps to send OHM from Gate.io to Metamask:
- Obtain the OHM ERC20 deposit address from Metamask
- Go to ‘Wallet’ in Gate.io and select ‘Withdraw’
- Search for OHM as the cryptocurrency you wish to withdraw
- Paste the OHM ERC20 address from Metamask to Gate.io
- Confirm the withdrawal and receive OHM on Metamask
And here is each step explained in-depth:
Obtain the OHM ERC20 deposit address from Metamask
To deposit OHM to your Metamask wallet, you’ll need to obtain the deposit address first.
Ensure that you are using the Ethereum Mainnet,
and then search for OHM in your Metamask wallet.
If you are looking to add OHM to your Metamask wallet, you can check my guide here to find out more.
After selecting OHM, click on ‘Receive‘,
which will give you the deposit address that you should send to.
OHM is an ERC20 token, hence you’ll need to deposit to an ERC20 address.
Go to ‘Wallet’ in Gate.io and select ‘Withdraw’
After obtaining the OHM deposit address, you can go to the Wallet tab on Gate.io.
After that, select ‘Withdraw‘.
Search for OHM as the cryptocurrency you wish to withdraw
You will see all of the cryptocurrencies that you can withdraw from your Gate.io wallet, and you can search for OHM.
Paste the OHM ERC20 address from Metamask to Gate.io
This will bring you to the withdrawal page on Gate.io, where you can enter a few details, such as:
- The address that you’ll be depositing OHM to
- The amount of OHM that you want to send
Gate.io currently only supports ERC20 withdrawals of OHM, hence you’ll need to ensure that you are copying an ERC20 deposit address from Metamask.
Confirm the withdrawal and receive OHM on Metamask
After confirming the withdrawal, you should receive OHM in your Metamask wallet.
The transfer may take a while since the Ethereum network is quite congested.
What are the fees for withdrawing OHM from Gate.io?
Gate.io currently charges 0.062 OHM to withdraw to an ERC20 deposit address.
If you’re looking for something that’s similar to OlympusDAO on another blockchain network, you may want to consider TIME which is on the Avalanche network.
In this way, you do save quite a bit in fees!
Gate.io is one of the few cryptocurrency exchanges that support OHM. If you want to send OHM to your Metamask wallet, you will need to do so via the ERC20 network.
The fees may be quite high on the ERC20 network, so it would be best to transfer a large amount of OHM when you are performing any transfer.
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!
Do you like the content on this blog?
To receive the latest updates from my blog and personal finance in general, you can follow me on my Telegram channels (Personal Finance or Crypto) and Facebook.
Are you passionate about personal finance and want to earn some flexible income?