How to Transfer DAI from MetaMask to FTX

To transfer DAI from MetaMask to FTX, first, you need to copy the DAI deposit address on FTX.

After copying the DAI deposit address, launch MetaMask and click “Send”.

Paste the DAI address that you have copied from the FTX exchange.

Enter the amount and click “Next”.

Lastly, click “Confirm”.

The withdrawal processing typically takes 1 to 5 minutes to complete.

However, it can take longer if the network is congested.

To transfer DAI from MetaMask to FTX, there will be a gas fee. The gas fees always vary according to the congestion of the blockchain.

• Steps to Transfer DAI from MetaMask to FTX
• Steps to Transfer DAI from MetaMask Mobile Application to FTX Mobile Application

Steps to Transfer DAI from MetaMask to FTX

1. Go to “Portfolio” on FTX
2. Copy DAI Deposit Address on FTX
3. Go to MetaMask Wallet and Click “Send”
4. Paste the DAI Deposit Address and Enter the Amount
5. Click “Confirm”
6. Check MetaMask and “Deposits Section” on FTX

1. Go to “Portfolio” on FTX

Visit the FTX website. If you are a US resident, visit the FTS.US website.

Enter your credentials to sign in or use your Google or Apple account to sign in.

Your dashboard will appear after you sign in.

Hover over the Wallet located on the top right corner of the webpage.

Now, you will see multiple options: Portfolio, FTX Card, and Borrow/ Lending.

Click on Portfolio.

2. Copy DAI Deposit Address on FTX

Now, use the search box to find Dai (DAI).

Type “DAI” in the search box and you could find Dai (DAI).

Since you are going to transfer DAI from MetaMask to FTX, you need to click on Deposit. 

A Deposit DAI window will appear that contains a QR code along with the deposit address.

Click on Copy.

3. Go to MetaMask Wallet and Click “Send”

Open the MetaMask wallet and type in the password to unlock it.

Make sure you are on the Ethereum Mainnet.

Once you are inside the MetaMask, navigate to DAI and click on it.

Then, click on Send.

4. Paste the DAI Deposit Address and Enter the Amount

After clicking Send, the Send window will appear.

You need to paste the DAI deposit address that you have copied in Step 2.

Next, enter the amount of DAI that you wish to send.

Lastly, click on Next.

5. Click “Confirm”

After clicking Next, you can see the gas fee details.

Review it and click Confirm.

That’s all. You have successfully transferred DAI from MetaMask to FTX.

6. Check MetaMask and “Deposits Section” on FTX

It took 2 minutes for us to receive DAI on our FTX account.

Now, you can check the transaction status under the Activity tab on your MetaMask wallet.

You can also head back to the FTX account and go to the Deposits Section on FTX to check the transfer details.

To go to the Deposits Section, click on Wallet.

Then, click on Portfolio.

Lastly, navigate to Deposits.

Steps to Transfer DAI from MetaMask Mobile Application to FTX Mobile Application

1. Tap on Wallet
2. Tap on Deposit
3. Copy the Dai Deposit Address
4. Launch MetaMask and Tap on Send
5. Paste the DAI Deposit Address and Enter the Amount
6. Tap on Send
7. Check MetaMask and “Deposits Section” on FTX

1. Tap on Wallet

Open the FTX Pro mobile application.

Now, you will be able to see multiple options, such as Home, Markets, Trade, Wallet, and User at the bottom of the mobile screen.

Tap on Wallet.

2. Tap on Deposit

After tapping on Wallet, you will get to see options, such as Stake, Convert, Borrow/ Lending, Deposit, Withdraw, and Subaccount Transfer.

Since we transferring DAI to FTX, you need to tap on Deposit.

3. Copy the Dai Deposit Address

After tapping on Deposit, a window will appear that contains the deposit options.

Tap on Cryptocurrencies.

Now, you need to select the asset DAI.

Use the search box to find Dai (DAI).

Once you have found it, just tap on it.

Now, the Deposit DAI window will appear that contains the DAI deposit address along with the QR code.

Tap on Copy.

4. Launch MetaMask and Tap on Send

Open the MetaMask wallet and type the password to unlock it.

Make sure you are on the Ethereum Mainnet.

Once you are inside the MetaMask, navigate to DAI under Tokens and tap on it.

Then, tap on Send.

5. Paste the DAI Deposit Address and Enter the Amount

After tapping on Send, the Send to window will appear.

This is where you need to paste the DAI deposit address that you have copied in Step 3.

Tap on Next.

Now, enter the amount of DAI that you want to send to FTX.

Then, tap on Next.

6. Tap on Send

After tapping on Next, the Confirm window will open up.

There you will be able to view the gas fee.

Review the gas fee details.

Lastly, tap on Send.

7. Check MetaMask and “Deposits Section” on FTX

It took 2 minutes for us to receive DAI on our FTX account.

Now, tap on Dai under the Tokens tab to see the recent transfers.

You can also head back to the FTX application to view the transactions.

To do so, tap on Wallet.

Then, tap on History.

On the History page, you will be able to see multiple options, such as Orders, Traders, PnL, Funding, Deposits, etc.

Tap on Deposits.

Conclusion

Transferring/ withdrawing Dai (DAI) from MetaMask to FTX is a straightforward task.

Make sure that you copy the right address as this is the crucial factor involved in the transfer process.

An incorrect address or wrong network selection will result in the permanent loss of the cryptocurrency.