To transfer DAI from MetaMask to Binance, select DAI in Binance.
Then, copy the deposit address.
Launch your MetaMask and select DAI
Click Send.
Paste the address that you have copied on Binance.
Enter the amount and click Next.
Lastly, click Confirm.
- Steps to Transfer DAI from MetaMask to Binance
- Steps to Transfer DAI from MetaMask Application to Binance Application
Steps to Transfer DAI from MetaMask to Binance
- Go to Fiat and Spot
- Select DAI and Copy the Deposit Address
- Launch MetaMask
- Paste the Address and Enter the amount of DAI
- Click Confirm
- Check Activity & Binance
1. Go to Fiat and Spot
Log in to the Binance.
Click Wallet in the upper right corner of the webpage.
Then, click Fiat and Spot.
2. Select DAI and Copy the Deposit Address
After clicking the Fiat and Spot, you will be able to see the assets list.
Select DAI by using the search box given.
Once you have found it DAI, click Deposit.
In the Deposit Crypto window, select the Network as Ethereum (ERC20).
Then, copy the deposit address shown below the Network field.
Note: Minimum deposit must be over 0.00000001 DAI.
3. Launch MetaMask
Launch your MetaMask wallet extension.
Type in your password to unlock it.
To view DAI, you must be in the Etherscan.
4. Paste the Address and Enter the amount of DAI
Once you are in the Ethereum Mainnet, you will be able to see DAI.
Now, click Send.
You need to paste the address that you have copied in Step 2.
Then, you will be able to enter the DAI that you wish to send.
Click the Max button if you want to send the maximum DAI.
Lastly, click Next.
5. Click Confirm
After clicking Next, you will be able to see the estimated gas fee and the total DAI after the deduction of the gas fee.
Click Confirm.
6. Check Activity & Binance
Now, you can check the status of this transaction in the Activity tab on your MetaMask wallet.
There you can see whether your transaction is pending or sent.
If you click on it, you will be able to see the transaction status on EtherScan.
You can also head back to your Binance account and check the DAI balance in Fiat and Spot.
For us, it took 4 minutes to receive DAI in Binance.
Steps to Transfer DAI from MetaMask Mobile Application to Binance Mobile Application
- Tap Deposit
- Select DAI and Copy the Deposit Address
- Launch MetaMask Application
- Paste the Address and Enter the amount of DAI
- Tap Confirm
- Check Status in MetaMask & Binance
1. Tap Deposit
Launch the Binance application.
Tap on the Wallet icon.
Then, you will be able to see Deposit, Withdraw, and Earn.
Tap on Deposit.
2. Select DAI and Copy the Deposit Address
After tapping on Deposit, you need to tap Crypto.
Select DAI using the search box.
Upon tapping on DAI, it will ask you to choose the Network.
Select Ethereum (ERC20).
Now, you will be able to see the deposit address.
Tap on the copy icon to copy the address.
3. Launch MetaMask Application
Launch your MetaMask mobile application.
To view DAI, you must be on the Ethereum Mainnet.
4. Paste the Address and Enter the amount of DAI
Once you are in the Ethereum Mainnet, tap Send.
You need to paste the address that you have copied in Step 2.
Tap Next.
Then, you will be able to enter the DAI that you wish to send.
Tap on the Max button if you want to send the maximum DAI.
Lastly, Tap Next.
5. Tap Confirm
After tapping Next, you will be able to see the estimated gas fee and the total DAI after the deduction of the gas fee.
Tap Confirm.
6. Check Status in MetaMask & Binance
Now, you can check the status of this transaction by tapping on DAI in your MetaMask wallet.
There you can see whether your transaction is pending or sent.
You can also head back to your Binance account and check the DAI balance.
For us, it took 4 minutes to receive DAI in Binance.
Conclusion
Sending DAI to Binance is a straightforward task.
The transfer time of DAI from MetaMask to Binance is 5-15 minutes. It may vary depending upon the network congestion.
After sending DAI to Binance, you can convert it to fiat currency if you wish.
To convert DAI to fiat currency, you need to go to the Spot section in Binance.
To go Spot section, you need to click the Trade button at the top of the webpage.
Then, select the currency pairs and make a sale.
In DAI’s case, you can convert DAI to EUR/ GBP or whatever your fiat currency is.
If you are looking for cash out DAI, you can Check out: How to Withdraw Money from Binance to Bank Account
