can you withdraw from metamask to bank account

Withdrawing ETH from MetaMask to a bank account involves connecting to a fiat gateway like Wyre, providing bank details, initiating a sell order, reviewing the transaction, and waiting for the funds to arrive within 1-3 business days.

Oct 31, 2024 at 12:36 pm

How to Withdraw Funds from MetaMask to a Bank Account

Step 1: Connect MetaMask to Wyre

• Install Wyre, a popular fiat gateway, and link it to your MetaMask wallet.

Step 2: Initiate a Sell Order

• Navigate to the "Sell" tab in Wyre.
• Select the "ETH to USD" option.
• Enter the amount of ETH you want to sell.

Step 3: Provide Bank Details

• Enter your bank account information, including the account number, routing number, and bank address.
• Verify your identity by providing a government-issued ID (e.g., passport or driver's license).

Step 4: Review and Confirm Transaction

• Review the transaction details carefully.
• Ensure that the amount, recipient, and bank information are correct.
• Click "Confirm" to initiate the withdrawal.

Step 5: Track the Transaction

• You can monitor the status of your transaction in both Wyre and your bank account.
• The funds should typically arrive within 1-3 business days.

Additional Notes:

• Fees: MetaMask and Wyre charge small fees for withdrawals.
• Minimum Withdrawal Amount: The minimum withdrawal amount varies depending on the exchange.
• Verification Process: Wyre may require additional verification measures, such as uploading a selfie or providing additional documents, to prevent fraud.
• Transaction Limits: There may be daily or monthly withdrawal limits set by Wyre or your bank.