How long does it take to transfer money from binance to metamask

You can withdraw NFTs and opened Mystery Boxes from Binance. However, you must complete Identity Verification first. If you haven’t completed Identity Verification, you will be prompted when you attempt to start the withdrawal process.

How to withdraw an NFT from the Binance NFT Marketplace?

[Profile][Collected NFTs][Withdraw].

1. Go to Binance NFT and log in to your account. Click

2. You can view all your NFTs by [Collection View] or [Asset View].

Under [Collection View], you can withdraw several NFTs or opened Mystery Boxes from a collection at one go.

Under [Asset View], you can withdraw a specific NFT or an opened Mystery Box. You can also withdraw opened Mystery Boxes and NFT assets together at one go.

Withdrawing from Collection View

a. Select a collection and click [Confirm].

b. You will be redirected into the collection. Select the NFT(s) or opened Mystery Box(es) you would like to withdraw and click [Confirm]. Please note that you can select a maximum of 50 assets per withdrawal.

Withdrawing from Asset View

a. Select the NFT(s) and/or opened Mystery Box(es) you would like to withdraw and click [Confirm].

Please note that you can select a maximum of 50 assets per withdrawal.

b. Alternatively, visit the NFT listing page and click [Withdraw] directly.

3. After selecting your assets, the system will display the corresponding network in which they are kept. Please make sure you select the network’s native cryptocurrency in your wallet to pay the gas fee. The withdrawal fees are subject to change according to the network status.

Please note that if the selected NFTs are on their minted network,

you need to enter the corresponding address correctly, or your assets might be lost.

Please also make sure that you choose a wallet that is compatible with Binance NFT withdrawal.

4. Select the wallet address you would like to withdraw to under [Destination Wallet Address].

5. If you haven’t connected any wallet, click [Add a Wallet].

6. Choose the network of your wallet and click [Confirm]. Currently, we support BNB Chain (former BSC) and Ethereum.

You may connect to MetaMask or WalletConnect.

For a detailed step-by-step guide, check out the wallet connection guides here

7. Check the network and the destination wallet address and click [Confirm] to withdraw.

8. Once the process is complete, you can check the withdrawal record from [History][Withdrawals]. You can also check the withdrawal status here.

Note:

You can only select assets that can be withdrawn.

  • If the NFT or opened Mystery Box cannot be withdrawn, you will see [Withdrawal not supported]. It will be grayed out and cannot be selected.
  • If an NFT collection is being reported for inappropriate content, it will be frozen. You will see [Withdrawal not supported]. It will be grayed out and cannot be selected.

  • You can only withdraw NFTs and opened Mystery Boxes from the same chain in a single withdrawal request. For example, when you select the network as [BNB Smart Chain], you won’t be able to select assets on the Ethereum network. Please change the network selection first.

  • When the asset is listed, it cannot be selected. You will see [Withdrawal is not supported when NFTs are listed].

  • If your account is banned or the NFTs/Mystery Boxes are banned, you can still withdraw the assets, but you cannot list or trade them on Binance NFT.

Why is my NFT/Mystery Box banned from withdrawal?

1) Fraudulent Collection or Scam Detected:

This NFT is currently banned on Binance NFT and cannot be traded, but can be withdrawn.

2) Copyright Infringement Detected:

This NFT is currently banned on Binance NFT and cannot be traded, but can be withdrawn.

3) Explicit or Sensitive Content:

This NFT is currently banned on Binance NFT and cannot be traded, but can be withdrawn.

4) Stolen NFT Detected:

This NFT is currently banned on Binance NFT and cannot be traded, but can be withdrawn.

5) Others:

We may enforce action on a specific asset (e.g., an NFT), a collection of assets (e.g., an NFT collection), or an individual account.

How do I see the NFTs in my wallet after withdrawal?

To see your withdrawn NFTs in your wallet, you might have to manually add them to your wallet first. We will use the MetaMask Wallet as an example.

Please make sure you are connected to the BNB Chain (BSC) when you add the NFTs withdrawn from Binance to your MetaMask Wallet. Please note that Metamask only accepts unique NFTs (ERC-721) at the moment and not multi-edition NFTs (ERC-1155).

1. Open your MetaMask Wallet and tap [NFTs] to go to your NFT library.

2. Next, tap [Import NFTs].

3. You will be redirected to the Import NFT page. Paste the address and the token ID of your NFT in the respective fields. You can refer to this guide here to find your NFT contract address and token ID.

Tap [Import] to add the NFT to your wallet. You will then see it in your NFT library.

Frequently Asked Questions

1. How long does it take to withdraw an NFT on Binance?

Typically, NFT withdrawals will be processed within 2 hours.

2. What are withdrawal fees and how much are they?

To transfer an NFT to other marketplaces, you’ll need to withdraw your NFT asset from the Binance NFT Marketplace to your wallet. Please note that you must connect your wallet to Binance first.

Withdrawals to crypto addresses outside Binance NFT typically incur a “transaction fee” or “network fee”. This fee is not paid to Binance but to miners or validators responsible for processing the transactions and securing the respective blockchain network.

*Binance NFT will adjust the withdrawal fee according to the network status. Please refer to the updated fees on the withdrawal page.

3. Why can’t I withdraw my NFTs or Mystery Boxes?

NFTs/Mystery Boxes cannot be withdrawn under the following circumstances:

1. Your account exceeded the maximum quantity limit;

2. You are trying to withdraw NFTs/Mystery Boxes from different networks in a single withdrawal request;

3. You are trying to withdraw unopened Mystery Boxes or NFTs with an error status.

Last week, Binance received an order from the Monetary Authority of Singapore (MAS) to stop providing payment services to Singapore residents.

The company has since been placed on MAS’ Investor Alert List to warn consumers in Singapore that Binance is not regulated or licensed in Singapore to provide any payment services.

Even though we have recommended readers to wait for official news from Binance before moving their assets around, some might be considering moving their investments to other exchanges or digital wallets, with MetaMask being a top choice.

To interact with decentralized applications such as Uniswap, providing liquidity in liquidity pools and earn yields, buy your first NFT on NFT marketplace OpenSea, you will need a digital wallet. The most popular digital wallet is MetaMask, a browser based Ethereum wallet.

After you sign up for an account on MetaMask, the next step is to fund your MetaMask wallet with crypto so that you can use your metamask.

To demonstrate how to fund your MetaMask account, we will be using Binance, the world’s largest cryptocurrency exchange.

To start your transfer or withdrawal process, you can head to your Binance Fiat and Spot account to see your wallet overview. You will be able to find the “Withdraw” button.

Binance to MetaMaskFind the withdraw button on Binance / Image Credit: Binance

After clicking the withdraw button, select “Withdraw Crypto”.

Binance Metamask Withdrawing your crypto from Binance / Image Credit: Binance

As MetaMask is a Ethereum wallet, you can only send ERC20 tokens or Ethereum over to your MetaMask. When withdrawing from Binance, you need to make sure that the network is ERC20 network. Other networks will result in a failed transfer and your crypto will be lost forever.

Binance MetaMask Select the Ethereum option / Image Credit: Binance

In this example, we will be sending Ethereum from Binance to MetaMask. Select Ethereum as the coin to transfer, and follow the instructions to add the recipient account:

Binance MetaMaskThe address label can be anything to help you remember what this address is for. / Image Credit: Binance

To find your MetaMask address, you can go to your MetaMask account and click on the balance. You will be able to find your MetaMask wallet which usually starts with 0x.

Once you are done with the address input, enter the amount you want to transfer, and the withdraw button will appear.

Binance MetaMaskThe withdraw button will appear after inputing an address and amount to transfer / Image Credit: Binance

Click withdraw and your Etheruem will be withdrawn from your wallet to your MetaMask after the blockchain confirmation.

Binance Metamask You can check your fund status in your Binance account / Image Credit: Binance

Unlike traditional banking where fund transfers can take up to 3-5 working days, the transaction on the blockchain usually takes up to a few minutes and you can find your Ethereum balance on your MetaMask.

You can now use your MetaMask to interface with decentralized applications.

Featured Image Credit: Binance

Also Read: What Is Metamask And How To Use It

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Written by Jane