Last updated on March 14th, 2022
You may have bought some BNB on FTX, and are looking to send it to your Metamask wallet. Here’s a guide to show you each step:
How to transfer BNB from FTX to Metamask
Here are 5 steps to send your BNB from your FTX account to your Metamask wallet:
- Select ‘Binance Smart Chain’ on your Metamask wallet
- Copy the Binance Smart Chain wallet address from your Metamask wallet
- Go to ‘Wallet’ on FTX and select the currency to send
- Enter the withdrawal details on FTX
- Receive BNB in your Metamask wallet
Select ‘Binance Smart Chain’ on your Metamask wallet
The first thing you’ll need to do is to ensure that you’ve selected the Binance Smart Chain on Metamask.
If you have not set up the Binance Smart Chain on your Metamask wallet, you can check out this step-by-step guide here.
Copy the Binance Smart Chain wallet address from your Metamask wallet
Once you have added the Binance Smart Chain to your wallet, you will need to copy the deposit address from your Metamask wallet.
You may notice that your Smart Chain deposit address is exactly the same as your Ethereum Mainnet address. However, you will still need to add the Binance Smart Chain to your Metamask wallet so that you can view the BNB that you’ve sent over.
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 FTX and select the currency to send
Once you’ve obtained the address to send to, you’ll need to go to FTX to start sending your funds.
You’ll need to go to ‘Wallet’, search for BNB and then select ‘Withdraw‘.
Enter the withdrawal details on FTX
After selecting BNB, you’ll need to enter the withdrawal details on FTX.
- The Binance Smart Chain address that you’ve copied from Metamask
- The withdrawal method (BSC not BEP2)
FTX allows you to withdraw BNB using 2 networks:
- Binance Smart Chain (BSC or BEP20)
- Binance Chain (BEP2)
Metamask does not support the Binance Chain, and only the Binance Smart Chain. As such, you will need to select BSC as the network you’ll be using to withdraw from FTX to Metamask.
This is different when sending BNB from FTX to Nexo, where you’ll need to use the Binance Chain (BEP2) instead.
The good thing is that FTX charges very minimal fees when withdrawing BNB via the Binance Smart Chain.
This allows you to make small test deposits, so that you won’t lose your entire BNB balance if you made an error the first time!
Receive BNB in your Metamask wallet
Once the BNB withdrawal has been confirmed on FTX, you should receive your funds in your Metamask wallet.
The Binance Smart Chain may be congested, so it can take up to a few hours before your funds have reached your Metamask wallet.
What are the fees to transfer BNB from Crypto.com to Metamask?
FTX charges a very small withdrawal fee for each BNB withdrawal.
This platform is one of the cheapest ways to send BNB to your Metamask wallet.
To send BNB from FTX to Metamask, you will need to ensure that you have added the Binance Smart Chain to your Metamask wallet.
Also, don’t forget to send your BNB via the Binance Smart Chain (BSC), and not the Binance Chain!
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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If you are interested in signing up for any of the products mentioned above, you can check them out below!
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