How to Withdraw MetFi (METFI) Coin

By connecting Metamask to Binance Smart Chain, you can withdraw METFI coins to an exchange wallet for trading and other activities.

Dec 31, 2024 at 11:30 am

Key Points:

• Understand Metamask and its functionality
• Connect Metamask to Binance Smart Chain (BSC)
• Transfer METFI coins to the exchange wallet
• Initiate a withdrawal request
• Complete the withdrawal process

Steps:

1. Setting Up Metamask:

• Install Metamask as a browser extension or mobile app.
• Create a new wallet or import an existing one using the recovery phrase.
• Choose a secure password and store it safely.

2. Connecting Metamask to BSC:

• Open Metamask and click on the "Networks" tab.

• Select "Add Network" and enter the following settings:

  • Network Name: BSC Mainnet
  • New RPC URL: https://bsc-dataseed.binance.org/
  • Chain ID: 56
  • Currency Symbol: BNB
  • Block Explorer URL: https://bscscan.com
• Save the settings and switch to BSC Mainnet.

3. Transferring METFI Coins to Exchange Wallet:

• Obtain the deposit address of the exchange where you intend to withdraw METFI.
• In Metamask, click on the "Assets" tab and locate METFI.
• Click on "Send" and input the exchange deposit address.
• Specify the amount of METFI you wish to transfer and set the gas fees.
• Confirm the transaction and wait for it to complete.

4. Initiating a Withdrawal Request:

• Sign in to your exchange account and navigate to the "Withdraw" page.
• Select METFI as the coin and enter the withdrawal amount.
• In the "Destination Address" field, paste the wallet address you wish to withdraw to.
• Submit the withdrawal request and secure authorization with 2FA or email verification.

5. Completing the Withdrawal Process:

• After submitting the request, the exchange will process it within a specified timeframe.
• Once the withdrawal is approved, METFI coins will be credited to your wallet.
• Monitor the transaction progress on BSCScan or the exchange website.

FAQs:

Q: What is METFI Coin?
A: METFI Coin (METFI) is the native token of the Metagame platform, where users can participate in GameFi, DeFi, and NFT markets.

Q: Where can I buy METFI Coin?
A: METFI Coin can be purchased on decentralized exchanges like PancakeSwap and Binance DEX.

Q: What is the gas fee for withdrawing METFI Coin?
A: The gas fee for withdrawing METFI Coin varies depending on the network conditions and transaction size. It can be estimated using websites like GasNow.

Q: How long does it take to withdraw METFI Coin?
A: The withdrawal time frame varies depending on the exchange and network congestion. It can typically take a few minutes to several hours.

Q: Is it safe to withdraw METFI Coin to a non-custodial wallet?
A: Yes, withdrawing METFI Coin to a non-custodial wallet, such as Metamask, provides you with complete control over your funds. However, ensure that you store your recovery phrase securely.