How to Transfer DAI From FTX to MetaMask

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

Then, find Dai (DAI) in your FTX account and click on “Withdraw”.

Now, you need to paste the MetaMask address and enter the amount of DAI.

Next, enter the withdrawal password and complete the 2FA.

Lastly, click on Withdraw.

The withdrawal processing typically takes 2 to 5 minutes to complete.

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

To transfer DAI from FTX to the MetaMask wallet, there will be a withdrawal fee of 1 to 2.5 DAI applicable

You can withdraw DAI from FTX without a fee if you have staked FTT. 

Steps to Transfer DAI from FTX to MetaMask

  1. Copy the MetaMask Address
  2. Go to your FTX Portfolio
  3. Find DAI
  4. Enter the Amount and Paste the MetaMask Address
  5. Enter the Withdrawal Password and Complete the 2FA
  6. Check in Withdrawals Section and MetaMask 

1 . Copy the MetaMask Address

Open the MetaMask wallet extension or mobile application.

Type in the password to unlock it.

Ensure to be in the Ethereum Mainnet network.

Click on the copy icon just above the ETH balance.

DAI from FTX to MetaMask

2. Go to your FTX Portfolio

Go to FTX website. If you are a US resident, visit FTS.US website.

Enter your login credentials to sign in or you can sign in with Apple or Google account.

After signing in, you will land on your dashboard.

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.

DAI from FTX to MetaMask

3. Find DAI

Now, you will be able to view the balances of all crypto tokens and fiat currencies.

Make use of the search box to find Dai (DAI).

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

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

DAI in FTX

4. Enter the Amount and Paste the MetaMask Address

After clicking on Withdraw, the Withdraw DAI window will appear.

Here, you need to enter the amount of DAI that you wish to send in the Amount field.

Then, paste the MetaMask wallet address that you have copied in Step 1 in the DAI Address field.

FTX supports only ERC20 DAI at the time of writing this article.

 

If you want to save the address for future use, you can do so by selecting the Save address checkbox.

5. Enter the Withdrawal Password and Complete the 2FA

Then, type in the withdrawal password and enter the 2FA Code. To receive the 2FA code, click on SEND SMS.

Lastly, click on Withdraw.

withdraw DAI from FTX

You have successfully transferred Dai (DAI) from FTX to MetaMask.

6. Check in Withdrawals Section and MetaMask

It took 4 minutes for us to receive DAI on our MetaMask wallet.

So, after a few minutes, click on the Withdrawals section.

There you will be able to see your recent withdrawals along with a status.

FTX Withdrawal section

Then, you can go ahead and open your MetaMask wallet and check the balance and/ or the Activity tab

Steps to Transfer DAI from FTX Mobile Application to MetaMask

  1. Copy the MetaMask Address
  2. Tap on Wallet
  3. Tap on Withdraw
  4. Tap on Dai
  5. Enter the Amount and Paste the MetaMask Address
  6. Enter the Withdrawal Password and Complete the 2FA
  7. Check-in Withdrawals Section and MetaMask 

1. Copy the MetaMask Address

Open the MetaMask mobile application.

Ensure to be in the Ethereum Mainnet network.

Tap on the address to copy.

Transfer DAI from FTX to MetaMask

If you want to scan the QR code instead of copying the address, you can open the MetaMask wallet extension.

Then, click on three dots. Then, click on Account Details.

DAI from FTX to MetaMask

2. Tap on the Wallet

Launch 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.

3. Tap on Withdraw

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 MetaMask, you need to tap on Withdraw.

DAI from FTX to MetaMask

4. Tap on Dai

Now, a list of crypto tokens will appear.

Make use of the search box to find Dai (DAI).

Once you have found it, just tap on it.

DAI in FTX

5. Enter the Amount and Paste the MetaMask Address

After tapping on Dai (DAI), the Withdraw DAI window will appear.

Here, you need to enter the amount of DAI that you wish to send in the Amount field.

Then, paste the MetaMask wallet address that you have copied in Step 1 in the DAI Address field.

FTX supports only ERC20 DAI at this time of writing the article.

To save the address for future use, you can do so by selecting the Save address checkbox.

6. Enter the Withdrawal Password and Complete the 2FA

Then, type in the withdrawal password and enter the 2FA Code. To receive the 2FA code, Tap on SEND SMS.

Lastly, Tap on Withdraw.

withdraw DAI from FTX mobile application

You have successfully transferred Dai (DAI) from FTX mobile application to MetaMask.

7. Check in Withdrawals Section and MetaMask

It took 4 minutes for us to receive DAI on our MetaMask wallet.

To view the recent transactions, tap on Wallet.

Then, tap on History.

Transfer DAI from FTX to MetaMask

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

Tap on Withdrawals.

FTX Withdrawals section in mobile

 Conclusion

Transferring/ withdrawing Dai (DAI) from FTX to MetaMask is not a straightforward task since it involves entering the withdrawal password and 2FA verification.

By default, you will not have the withdrawal password and 2FA verification enabled. However, enabling these options is very safe and highly recommended.

To enable the withdrawal password and 2FA verification for withdrawals, click on the profile icon/ email address located in the top right corner of the webpage.

Then, click on Settings.

Now, Tap on Withdrawal Password and 2FA for Withdrawals to enable these options.

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