How to Transfer DAI from Binance to MetaMask

To transfer DAI from Binance to MetaMask, first, you need to import the DAI token to your MetaMask wallet.

Then, copy the MetaMask address and paste it into the Withdrawal window on Binance.

Enter the amount of DAI that you wish to send.

Complete the verification process. That’s it.

You can also send DAI via Binance Smart Chain (BSC) networks depending on your purpose of using DAI.

If you send DAI via BSC, it will become DAI BEP20 and you cannot use it in the Ethereum ecosystems.

Steps to Transfer DAI from Binance to MetaMask

  1. Install MetaMask
  2. Import DAI token to MetaMask
  3. Copy the MetaMask Address
  4. Select DAI in Binance
  5. Paste the MetaMask Address and Enter the Amount
  6. Complete the Verification
  7. Check the Recent Withdrawals
  8. Check your MetaMask

1. Install MetaMask

You can skip this step if you already have installed the MetaMask extension.

First, download the MetaMask wallet extension.

MetaMask is available as an extension for Chrome, Firefox, Edge, and Brave browsers.

Next, you need to set up your account after the download.

The account setup process includes creating a password and storing the recovery phrase.

You can refer to this guide for further clarification: How to Create and Set Up MetaMask Wallet.

2. Import DAI token to MetaMask

To receive and view DAI in MetaMask, you need to add the DAI token earlier.

To add DAI to MetaMask, usually, you need to copy-paste its contract address.

But, MetaMask has a list of inbuilt token lists from which we can add tokens in a single click.

To do this, launch your MetaMask and click Import Tokens.

Note: Make sure you are in the Ethereum Mainnet.

Transfer DAI from Binance to MetaMask

After clicking the Import Tokens, you will be in the Search tab.

Type as DAI in the given search box.

DAI stable coin will appear.

Click on it and click Next.

Transfer DAI from Binance to MetaMask

Then, click Import Tokens.

That’s it. You have added the DAI token to MetaMask.

3. Copy the MetaMask Address

After adding the DAI token to MetaMask, you need to copy your MetaMask address.

To copy the address, you need to simply click just above your ETH balance.

Transfer DAI from Binance to MetaMask

4. Select DAI in Binance

Log in to your Binance account.

You will be able to see Wallet in the upper right corner of the webpage.

Click Wallet and followed by click Fiat and Spot.

Transfer DAI from Binance to MetaMask

Now, you will be able to see your crypto assets.

Find DAI on the list. You can use the search box to find it.

Once you have found DAI, click Withdraw.

Transfer DAI from Binance to MetaMask

In case you have bought DAI via P2P Trade, you can find it on Funding Wallet.

To send/ transfer DAI to MetaMask or another recipient’s address, you need to transfer it to Fiat and Spot wallet.

To transfer DAI from Funding to Fiat and Spot wallet, find DAI on the Funding wallet.

Then, click on the three dots on the right side of DAI.

Transfer DAI from Binance to MetaMask

Then, click Transfer.

Select Funding on the From field and Fiat and Spot on the To field.

Enter the amount of DAI to transfer.

Lastly, click Confirm.

Then, repeat this step from the start.

5. Paste the MetaMask Address and Enter the Amount

After clicking Withdraw, you will be able to see the Withdrawal window.

There you need to paste the MetaMask address that you have copied in Step 3.

Then, select the Network address as ETH Ethereum (ERC20).

Enter the amount of DAI that you wish to send.

Lastly, click Withdraw.

Transfer DAI from Binance to MetaMask

Note: You need to send a minimum of 30 DAI.

After clicking Withdraw, a confirmation popup will appear.

Check the address again & the network and click Continue.

6. Complete the Verification

After clicking Continue, there will be an authentication page.

You need to enter the OTP sent to your email and mobile to proceed further.

Just after completing the security confirmation, you will see a Withdrawal Request Submitted pop-up.

Click Complete.

7. Check the Recent Withdrawals

You can now check the Recent Withdrawals section.

Just scroll down to reach the Recent Withdrawal Section on the Withdrawal window page.

Transfer DAI from Binance to MetaMask

8. Check your MetaMask

It took us 7 minutes to receive DAI on our MetaMask wallet.

After a few minutes, open your MetaMask wallet extension and check your balance.

Steps to Transfer DAI from Binance Mobile Application to MetaMask Application

  1. Install MetaMask Application
  2. Add/ import DAI Token to MetaMask
  3. Copy the MetaMask Address
  4. Select DAI in Binance
  5. Paste the MetaMask Address and Enter the Amount
  6. Complete the Verification
  7. Check your MetaMask

1. Install MetaMask Application

You can skip this step if you have already installed MetaMask mobile application.

First, download the MetaMask application.

MetaMask is available as a mobile application on Android and iOS.

After the download and installation, you need to create a password and store and verify your recovery phrase to create an account.

Refer to this guide for step by step process, How to Create and Set Up MetaMask Wallet.

If you already have a MetaMask account, you can import that account using your recovery phrase.

2. Add/ import DAI token to MetaMask

To receive and view DAI in MetaMask, you need to add the DAI token earlier.

To add DAI to MetaMask, usually, you need to copy-paste its contract address.

But, MetaMask has a list of inbuilt token lists from which we can add tokens in a single tap.

To do this, launch your MetaMask application and tap Import Tokens.

Note: Make sure you are in the Ethereum Mainnet.

Transfer DAI from Binance to MetaMask

After tapping the Import Tokens, you will be in the Search tab.

Type as DAI in the given search box.

DAI stable coin will appear.

tap on it and tap Import.

Transfer DAI from Binance to MetaMaskThat’s it. You have added the DAI token to your MetaMask application.

3. Copy the MetaMask Address

After adding the DAI token to the MetaMask application, you need to tap on the address just below the network dropdown button.

Transfer DAI from Binance to MetaMask

4. Select DAI in Binance

Open the Binance mobile application.

Tap on the Wallet Icon.

Now, you will be able to see: Deposit, Withdraw, and Earn.

Tap on Withdraw.

Then, tap on Crypto.

Choose DAI.

5. Paste the MetaMask Address and Enter the Amount

A Send window will appear after tapping on DAI.

Paste the MetaMask address that you have copied in Step 3.

Then, select the Network as Ethereum (ERC20).

You can also send via the BSC network. Ensure to match the network at the receiver’s end.

Otherwise, there will be a loss of assets.

Lastly, enter the amount of DAI to send.

Tap on Withdrawal.

Transfer DAI from Binance to MetaMask

Now, the confirmation pop-up will appear. Check MetaMask wallet address and tap on Confirm.

6. Complete the Verification

Next, you need to authenticate the transfer.

Type in the verification codes received in your e-mail and phone and tap Submit.

7. Check your MetaMask

It took us 7 minutes to receive DAI on our MetaMask wallet.

After a few minutes, open your MetaMask wallet extension and check your balance.

Conclusion

Sending DAI to MetaMask is a simple task.

Ensure the select the right network and copy-paste the right address.

To send DAI from Binance to MetaMask, there will be a withdrawal fee of 10 DAI ($10).

If you want to send DAI via the BSC chain, there will be a withdrawal fee of 0.8 DAI ($0.7996).

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