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can you withdraw from metamask to bank account

Withdrawing ETH from MetaMask to a bank account involves connecting to a fiat gateway like Wyre, providing bank details, initiating a sell order, reviewing the transaction, and waiting for the funds to arrive within 1-3 business days.

Oct 31, 2024 at 12:36 pm

How to Withdraw Funds from MetaMask to a Bank Account

Step 1: Connect MetaMask to Wyre

Install Wyre, a popular fiat gateway, and link it to your MetaMask wallet.

Step 2: Initiate a Sell Order

Navigate to the "Sell" tab in Wyre.
Select the "ETH to USD" option.
Enter the amount of ETH you want to sell.

Step 3: Provide Bank Details

Enter your bank account information, including the account number, routing number, and bank address.
Verify your identity by providing a government-issued ID (e.g., passport or driver's license).

Step 4: Review and Confirm Transaction

Review the transaction details carefully.
Ensure that the amount, recipient, and bank information are correct.
Click "Confirm" to initiate the withdrawal.

Step 5: Track the Transaction

You can monitor the status of your transaction in both Wyre and your bank account.
The funds should typically arrive within 1-3 business days.

Additional Notes:

Fees: MetaMask and Wyre charge small fees for withdrawals.
Minimum Withdrawal Amount: The minimum withdrawal amount varies depending on the exchange.
Verification Process: Wyre may require additional verification measures, such as uploading a selfie or providing additional documents, to prevent fraud.
Transaction Limits: There may be daily or monthly withdrawal limits set by Wyre or your bank.

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