To transfer DAI from MetaMask to Coinbase, select DAI in Coinbase.
Copy the deposit address.
Launch your MetaMask and select DAI.
Click Send.
Paste the address that you have copied on Coinbase.
Enter the amount and click Next.
Lastly, click Confirm.
You can also Send DAI from Metamask to Coinbase in two different ways ( through the web as well through a mobile application)
- Steps to Send DAI from Metamask to Coinbase
- Steps to Send DAI from Metamask mobile application to Coinbase application.
Steps to Transfer DAI from MetaMask to Coinbase
- Click Send/ Receive
- Select DAI and Copy the Deposit Address
- Launch Metamask
- Paste the Address and Enter the amount of DAI
- Click Confirm
- Check Activity in MetaMask & Coinbase
1. Click Send/ Receive
Sign in to the Coinbase.
Click Send/ Receive in the upper right corner of the webpage.
Navigate to the Receive tab.
2. Select DAI and Copy the Deposit Address
Now, click on the Asset field and select the cryptocurrency that you wish to send.
You can use the search tab to locate the crypto asset.
Then, you will be able to copy the address.
3. Launch MetaMask
Launch the MetaMask wallet extension.
Type in your password to unlock it.
To view DAI, you must be on the Ethereum Mainnet.
4. Paste the Address and Enter the amount of DAI
You will see DAI once you have switched over to the Ethereum Mainnet.
Now, tap on it and 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 gas fee deduction.
Click Confirm
6. Check Activity in MetaMask & Coinbase
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 view the transaction on Etherscan.
You can also head back to your Coinbase account and check the DAI recent transactions by clicking on the DAI.
For us, it took 6 minutes to receive DAI in Coinbase.
Steps to Transfer DAI from MetaMask Application to Coinbase Application
- Tap Receive
- 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 & Coinbase
1. Tap Receive
Launch the Coinbase mobile application.
You will be able to see multiple options on the home screen: Buy, Sell, Send, Convert, and Receive.
Tap Receive.
2. Select DAI and Copy the Deposit Address
Now, you need to select DAI.
To select DAI, tap on Bitcoin.
Then, use the search box to find DAI.
Once you have found DAI, tap on it.
Now, you can see the deposit address.
Tap on Copy.
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 on Dai.
Then, tap Send.
Paste the address that you have copied in Step 2.
Tap Next.
Then, you will be able to enter the amount of 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 gas fee deduction.
Tap Confirm.
6. Check Status in MetaMask & Coinbase
Now, you can check the status of this transaction by tapping on DAI in your MetaMask application.
There you can see whether your transaction is pending or sent.
You can also head back to your Coinbase account and check the DAI balance.
For us, it took 6 minutes to receive DAI in Coinbase.
Conclusion
Sending DAI to Coinbase is a straightforward task.
Ensure to choose the right network and enter the right recipient address.
The transfer time of DAI from MetaMask to Coinbase is 5-15 minutes. It may vary depending upon the network congestion.
After sending DAI to Coinbase, you can convert it to fiat currency if you wish.
To convert DAI to fiat currency, you need to click Buy/ Sell button on the Coinbase homepage.
Then, navigate to Sell.
Select the cryptocurrency and enter the amount.
Hit Sell. That’s it.
If you are looking to cash out your DAI, you can check out: How to withdraw cash from your Coinbase.
