How to Withdraw Money from MetaMask to Bank Account: A Hassle-Free Guide

If you’re using MetaMask and looking to cash out your crypto for everyday use, don’t worry—I’ve got you covered! Here, I'll walk you through the simplest methods of how to withdraw money from MetaMask to your bank account without hassle or confusion.

While you can easily send your funds directly from MetaMask to your bank using a built-in crypto provider, you also have the option to use trusted exchanges like Binance, Kraken, or Bybit. These platforms often offer better rates and support a wider range of fiat currencies, giving you more flexibility.

So, stick with me as we explore the easiest ways how to cash out your MetaMask balance—it’s simpler than you might think!

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Things to Know Before Withdrawing Money From Metamask

First things first, if you're already holding ETH on the Ethereum Mainnet and just want to know how to withdraw money from MetaMask directly to your bank account, you can jump ahead to the next section. But, if you’re holding other tokens or have ETH on a different network, you may want to stick around for a bit.

While it's true the platform has a useful tool that makes it easy for you to understand how to withdraw money from MetaMask, there's a catch: this feature only works for ETH on the Ethereum Mainnet. So, if your ETH is on another network, you’ll need to bridge it over to the main network first. And if you’re holding other tokens, you’ll need to swap them for ETH.

Thankfully, the wallet has built-in bridge and swap features, making it much easier to figure out how to cash out MetaMask assets.

How to Bridge on Metamask?

If you're relatively new to the crypto space, you might be wondering, "Why do I need to bother 'bridging' my Ethereum?". Well, the thing is, even though the tokens are the same, they can exist on different blockchain networks that have their own rules and protocols.

Bridging is essentially transferring your tokens from one network to another so you can access specific features.^[1] In this case, if you want to understand how to transfer money from MetaMask to bank account, you'll first need to learn how to move your ETH from another network to the Ethereum Mainnet.

The process may seem daunting for a newbie, but it’s actually pretty simple. Here’s how you do it:

Step 1: Connect your wallet to the MetaMask Portfolio.

Step 2: Head over to your portfolio dashboard and click on the [Bridge] option.

Step 3: Choose the source network where you hold your tokens and set your destination to the Ethereum Mainnet.

Step 4: Select the token you want to bridge. MetaMask will display different tokens that are available for bridging. For this example, I’m using Tether, in case you're also curious how to withdraw USDT from MetaMask to a bank account.

Step 5: Select ETH as the token you want to receive.

Step 6: MetaMask will pull together quotes from multiple bridge providers. Take a moment to review the fees and estimated time for each option, and choose what works best for you.

Step 7: Review the transaction to ensure you have enough funds for gas fees. Click [Switch Networks] to start the bridging process.

Step 8: Sit tight and wait for the process to finish.

Once your tokens have successfully made the leap to ETH on the Ethereum Mainnet, you can move on to the next section to learn how to withdraw money from MetaMask to your bank account. But if you're holding a different token on the Ethereum Mainnet, don’t worry! Let's learn how to swap it to ETH.

How to Swap Tokens on Metamask?

MetaMask's swap tool is a convenient tool that lets you effortlessly convert different tokens into Ethereum. This feature simplifies the process of cashing out your crypto directly within the wallet, helping you figure out how to withdraw money from MetaMask more easily.

While it streamlines everything by handling transactions in one place, it’s important to note that MetaMask simply acts as an aggregator. This means that MetaMask doesn’t provide the liquidity or execute the trades directly.^[2] Instead, it pulls in rates from various liquidity providers across decentralized exchanges and shows you the best available options for your trade.

If you’re unsure about the process or feel that the rates aren’t ideal, you might want to look into how to withdraw from MetaMask to bank account using a crypto exchange instead (which I’ll explain later in this article).

But if you prefer the convenience of doing everything within one platform, here’s how to swap your token on Metamask:

Step 1: Open MetaMask and unlock your wallet.

Step 2: Click the [Swap] option in the interface, and make sure you’re connected to the Ethereum Mainnet.

Step 3: Select the token you want to swap.

Step 4: Choose ETH as the token you wish to swap for.

Step 5: Enter the amount of tokens you’d like to swap.

Step 6: MetaMask will scour the market for the best quotes. Choose the one that suits you best and click [Select].

Step 7: Review your transaction details, including the quote rate and estimated gas fee. If everything seems right, click [Swap].

Step 8: Confirm your transaction and wait for the process to complete.

Before you know it, your swapped tokens will land safely in your MetaMask wallet. Now that everything’s set, you can start looking into how to get money out of MetaMask.

How to Send Money From Metamask to Your Bank Account Directly

With everything prepared and your ETH already on the Ethereum Mainnet in your wallet, let's explore how to withdraw money from MetaMask to your bank account easily.

I was not exaggerating when I said earlier that the process might be easier than you’d expect, thanks to MetaMask’s "sell" feature. This handy tool allows you to cash out your crypto assets into fiat currencies within the wallet. MetaMask partners with multiple trusted crypto-to-fiat providers, making the conversion smooth and efficient so your funds can head straight to your bank account safely.

You can access the feature on desktop web browsers and mobile devices.

Via Web Browser

Here’s an easy step-by-step guide on how to get money from MetaMask to your bank account using a web browser on your computer:

Step 1: Start by opening the MetaMask extension and unlock your wallet.

Step 2: Connect your MetaMask wallet to your portfolio and click [Get started].

Step 3: Head over to the [Sell] tab.

Step 4: Select your region.

Step 5: Choose the crypto token and network you want to sell.

Step 6: Select how you'd like to receive the funds.

Step 7: Pick a fiat account available in your location. 

Step 8: Enter how much crypto you want to sell.

Step 9: Take a moment to review the real-time quotes from various providers and pick the one that suits you best.

Step 10: Link your bank account on the provider's website and complete the process.

Step 11: Finally, confirm the transaction within MetaMask.

And voilà! You’ve successfully withdrawn money from MetaMask to your bank account via your computer. You can track your order by checking the [Sell] tab, but keep in mind it might take a few days for the funds to appear in your bank account.

Via Mobile App

If you're not looking for how to get money from MetaMask to bank account using the web extension and prefer doing it through your smartphone instead, here’s an easy guide to follow:

Step 1: Open the MetaMask mobile app and unlock your wallet to get started.

Step 2: Tap the arrow icon right in the middle of your screen, then select the [Sell] option. 

Step 3: Choose your country or region from the list and tap [Continue].

Step 4: Select your local currency.

Step 5: Pick the cryptocurrency you wish to sell, along with the blockchain network.

Step 6: Enter the amount of crypto you intend to cash out.

Step 7: Select how you'd like to receive the funds.

Step 8: Browse through the live quotes from various providers and pick the one that works best for you.

Step 9: On the provider’s website, link your bank account and finalize the transaction.

Step 10: Confirm everything within the MetaMask app.

That's it, you’ve successfully figured out how to withdraw money from MetaMask to your bank account using a smartphone. Just like using a web browser, the time it takes for your funds to arrive in your bank account will depend on the transfer method you’ve chosen—it could take anywhere from a few minutes to several days.

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How to Withdraw Money From Metamask to Your Bank Account via Crypto Exchanges

Figuring out how to withdraw money from MetaMask to your bank account using a cryptocurrency exchange is a great alternative to consider. While it might take a few extra steps compared to using the MetaMask integrated feature, withdrawing from crypto exchanges can be an ideal method, especially if you’re in a region where MetaMask's selling feature isn’t available.

Plus, using reliable exchanges like Binance, Bybit, or Kraken can offer perks like better liquidity, lower fees, and more flexibility when converting your crypto into fiat currencies. So, let's walk through the process of how to withdraw from MetaMask to your bank account using these popular exchanges.

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Binance

Binance is one of the most popular crypto exchanges globally, known for its user-friendly interface and wide range of supported cryptocurrencies. If you prefer using an exchange instead of MetaMask’s built-in feature for withdrawing money from MetaMask, Binance is a reliable option thanks to its competitive rates and robust security.

Just follow this simple step-by-step guide to ensure everything goes smoothly:

Step 1: Log into your Binance account and head to the [Deposit] section.

Step 2: Select [Deposit Crypto].

Step 3: Now, choose the cryptocurrency you want to deposit. For this guide, let’s say you’re going with Tether. This is especially helpful if you’re also looking to know how to withdraw USDT from MetaMask to bank account.

Step 4: Here’s where you need to be careful! Make sure the network your tokens are on in MetaMask is supported by Binance to avoid losing your funds permanently. Once you’ve confirmed that Binance supports the network, also check that you have enough funds in MetaMask to cover the gas fees for the transaction on that specific network.

Step 5: Copy the deposit address or save the QR code for your chosen network.

Step 6: Open your MetaMask wallet, select the cryptocurrency you’re sending, and hit [Send].

Step 7: Paste the Binance deposit address or use the QR code. Enter the amount to transfer and select [Continue].

Step 8: Confirm the transaction and wait for the transfer to complete.

Step 9: Open spot wallet on Binance.

Step 10: Hover over the three dots next to USDT (or your chosen crypto) and click [Sell].

Step 10: Enter how much crypto you want to sell and pick your desired fiat currency.

Step 11: Select the transaction method and make sure to choose your bank account to receive your funds. Then, click [Confirm].

Step 11: Complete the transaction.

Congratulations! By following these steps, you should have successfully figured out how to get money from MetaMask to bank account using Binance. Your transaction will be handled through the platform, and depending on your bank, it may take around 1-5 business days for the funds to show up in your account.

Bybit

Bybit is also a fan favorite if you're looking into how to withdraw from MetaMask. The platform is gaining popularity thanks to its robust security, advanced features, and easy-to-use interface.

Aside from helping with withdrawals, Bybit is an ideal platform to explore various trading options like spot and derivatives trading. It offers advanced tools, fast transaction times, competitive fees, and a wide range of trading instruments.

That said, trading in crypto isn’t something to take lightly. It comes with significant risks, and advanced features like derivatives aren’t always beginner-friendly. If you're new to crypto, make sure you know where to start and fully understand the risks before diving in.

For now, though, let’s just focus on figuring out how to withdraw money from MetaMask to your bank account. Here’s a step-by-step guide to walk you through the process:

Step 1: Log in to your Bybit account and click on [Deposit].

Step 2: Select the cryptocurrency you want to deposit. I'm using USDT for this example, but you can choose any supported coin you wish to transfer.

Step 3: Pick the correct network. Again, the network on Bybit must match the one you’re using in MetaMask to prevent potential asset losses.

Step 4: Copy the deposit address or use the QR code.

Step 5: Open MetaMask and select Tether. Notice that I'm selecting OP Mainnet as the network, which corresponds to the network I chose on Bybit. If you're using a different chain, make sure the networks on both platforms match to ensure a safe MetaMask withdrawal to the bank account process.

Step 6: Click [Send].

Step 7: Paste the Bybit deposit address, enter the amount you want to transfer, and select [Continue].

Step 8: Confirm the transaction and wait for the transfer to complete. 

Step 9: Head back to Bybit, hover over the [Buy Crypto] tab, and choose [One-Click Buy].

Step 10: Select the [Sell] tab, pick USDT from the dropdown, and choose the amount you want to cash out.

Step 11: Select the fiat currency you want to receive from the dropdown.

Step 12: Choose your bank account as your preferred method and click [Sell USDT].

Step 13: Confirm the transfer to your bank account.

That’s it! Now you’ve mastered sending money from MetaMask to bank via Bybit’s easy-to-use one-click buy feature.

The platform will process your fiat withdrawal and send it to your bank account. The processing time can vary depending on the currency and payment method you choose. To find out the estimated processing times for each currency, you can visit the platform website and check the "Fiat Withdrawal" page.

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Kraken

Kraken is known for being one of the most secure and reliable crypto exchanges in the space, making it an ideal option if you're looking on how to withdraw money from MetaMask. With its emphasis on security and regulatory compliance, Kraken ensures your funds reach your bank account safely.

If you're new to the crypto space, Kraken’s user-friendly platform should make it easy to learn how to withdraw from MetaMask, convert your coins into fiat currency, and securely transfer the funds to your bank account.

Here’s a simple guide to help you through the process

Step 1: Sign in to your Kraken account and go to [Kraken Pro].

Step 2: Go to [Portfolio] from the top menu and click [Deposit].

Step 3: From the list, choose the cryptocurrency you want to transfer from MetaMask (I'll go with USDT for this example again).

Step 4: Click [Generate deposit address] and either copy the address or use the QR code.

Step 5: Open your MetaMask wallet and select Tether.

Step 6: Double-check that the networks on both Kraken and MetaMask match, and click [Send].

Step 7: Paste the Kraken deposit address, add the amount you wish to transfer, and click [Continue].

Step 8: Confirm the transaction and wait for the transfer to complete.

Step 9: Go back to Kraken and open the [Withdraw] tab.

Step 10: Select Tether, then pick the fiat currency you’d like to receive.

Step 11: Under the [Withdrawal Type] dropdown, select your funding provider and enter your bank account information.

Step 12: Enter the amount you wish to withdraw, click on [Review Withdrawal], and make sure everything looks good.

Step 13: If all the details are correct, select [Withdraw] to confirm your request.

Keep in mind that certain transactions, such as ACH purchases, PayPal transactions, and debit or credit card purchases, will trigger a temporary (72-hour) withdrawal hold on your account for security reasons. 

As of writing, Kraken supports USD, EUR, CAD, AUD, GBP, CHF, and JPY. It's important to note that processing times can vary and are beyond the platform's control. Therefore, I recommend planning ahead, especially around banking holidays when delays may occur.

MetaMask Withdrawal Fees

Now that you’re familiar with how to withdraw money from MetaMask to bank account—either directly or through an exchange—let’s break down the fees you might encounter during these transactions.

First off, it’s good to know that MetaMask itself is entirely free to use. There’s no fee for downloading the app or holding your crypto in the wallet, no matter how long you keep it there. Plus, MetaMask doesn’t charge you anything to withdraw your cryptos. Sounds pretty nice, right?

But here’s the catch: You’ll still need to cover network (or gas) fees. These are common charges that come with any transaction on a blockchain and help to process your transactions.^[3]

The amount you’ll pay in gas fees can change based on the network you’re using, how busy it is, and how complicated your transaction is. Keep in mind that these fees aren’t decided by MetaMask—they are just part of using blockchain technology.

Additionally, if you use MetaMask’s swap feature to exchange tokens, there will be a service fee of 0.875% on each swap.

For example, if you're trying to figure out how to withdraw USDT from MetaMask to your bank account and are swapping 1,000 USDT, you’d pay 8.75 USDT as a swap fee, in addition to the gas fees and any other charges from the liquidity providers involved.

So, it's essential to prepare for these costs and ensure you have enough funds to cover all potential fees when moving your tokens. Always keep track of these details to avoid any surprises during your transactions!

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Conclusions

Well, that's it! You now fully know how to withdraw money from MetaMask to your bank account, and I’m sure it’s not as complicated as you might have thought!

Just keep in mind to double-check the network your coins are on, especially when you’re using an exchange to transfer your funds. Making sure the networks match between MetaMask and the platform you’re using can save you from potential asset loss. And don’t forget about those fees—be ready for MetaMask's swap fees, gas fees, and any extra charges from liquidity providers.

With this knowledge, cashing out your funds from MetaMask should be much easier! And if you plan to hold onto your digital assets for the long term, consider transferring them to a secure hardware wallet like Trezor Safe 5 or Ledger Nano S Plus for extra peace of mind. 

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. D. Stone: 'Trustless, privacy-preserving blockchain bridges';

2. S. Subramanian, A. Augusto, R. Belchior et al.: 'Benchmarking blockchain bridge aggregators';

3. A. Donmez, A. Karaivanov: 'Transaction fee economics in the Ethereum blockchain'.