Transferring assets to the Binance exchange

 

Note: This article describes the process for moving assets you hold in MetaMask to the Binance centralized exchange (CEX). This is not the same thing as moving assets from MetaMask to the Binance Smart Chain.

If you are trying to transfer assets to Binance from MetaMask, please make sure you are following the guidelines in order to avoid a loss.

First of all, you have to understand that Binance is a centralized exchange which functions on a limited number of networks. (Ethereum mainnet, Binance Smart Chain, Polygon, etc.) So please make sure to check the following:

  • On which network you are currently holding the tokens (this is the network the tokens will be sent on)
  • Whether Binance supports that network

If you have already sent the tokens and Binance does not support the network it will most likely result in a loss. For further information please contact Binance at https://www.binance.com/en/support .

After making sure that Binance supports the network, you will need to make sure that you have funds for the gas fees.

 

Please note that gas fees are paid in the native token of the network, for example:

  • Ether (ETH) for Ethereum Mainnet
  • BNB for Binance Smart Chain
  • Matic for Polygon

If you don't have tokens for the gas fees, you cannot perform any operations.

Follow Binance's instructions here (for the US exchange) or here (for outside the US) to obtain the specific address for the token you're depositing within your Binance account. Copy this address and paste it into MetaMask when you are asked for the destination address.

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