How to deposit ETH into your MetaMask - learnwithme.eth
0x5056
January 20th, 2022

This article provides an overview of how to deposit ETH (Ethereum) into your MetaMask using the standard ERC20 network.

Note: ETH can also be traded on different networks, but that this will be covered in future updates.

You can buy ETH from:

  • Option A: from within MetaMask … this is a streamlined process but often charges higher fees that others
  • Option B: from a centralized exchange … this process requires you to create an account with an exchange, but offers a secure way to purchase and transfer ETH or other cryptocurrencies with minimal fees.
  • Option C: from a decentralized exchange … these allow you to exchange other cryptocurrencies for ETH for a small fee.

Note: While Option A (purchasing ETH from within MetaMask) allows you to stay within the application… we recommend Option B (setting up an exchange account) to be able to easily purchase, trade and transfer ETH and other cryptos from an established exchange. Details on Option C (using decentralized exchanges). will be covered in the future as these require already having purchased cryptocurrency.

Option A: To buy ETH from within MetaMask

Select the buy or add funds button in you MetaMask to buy ETH and have it deposited into your wallet from one of the provided options.

Select Buy / Add Funds from with your MetMask to view the options
Select Buy / Add Funds from with your MetMask to view the options
  • You will be charged a “gas fee” to transfer the ETH into your wallet. Gas fees apply to all transaction processed on the Ethereum network, learn more about them here.
  • Most service providers that you can buy ETH from will require a form of identity verification to comply with government regulations.

Option B: To buy ETH by creating an exchange account

Step B.1 - Setup an exchange account

You can transfer ETH that you buy from a supported exchange into your MetaMask. We recommend using Coinbase.com as one of the easier to use options for US residents, and Binance.com for non-US residents.

You can use the the country based search engine to view exchange options and learn more from Ethereum.org here.

Source: https://ethereum.org/en/get-eth/ updated as of Jan. 7th, 2022
Source: https://ethereum.org/en/get-eth/ updated as of Jan. 7th, 2022
  • You cannot transfer ETH to your MetaMask (or other decentralized wallet) from all exchanges. For example Venmo, CashApp, and Robinhood all do not currently allow you to transfer ETH from your account to another wallet.
  • Most exchanges will require a form of identity verification to comply with government regulations. While some offer automatic identity verification, this process can take sometime.
  • Some exchanges do not allow for newly added funds to be withdrawn right away, make sure to set up your account in advance of you needing the funds.

Step B.2 Transfer the ETH from your exchange account into your wallet

After you have purchased ETH within your exchange account, you will need to transfer it to you wallet.

To transfer ETH from you exchange to your wallet, follow these general steps:

  1. Select the send / withdraw or transfer option from within your exchange account
  2. Select ETH as the currency you want to transfer. If it has an option, make sure that it is the ERC20 one.
  3. Input your destination ETH wallet address.

Using Coinbase.com as an example

How to send ETH from your Coinbase wallet to MetaMask
How to send ETH from your Coinbase wallet to MetaMask

To view your MetaMask public wallet address for step 3, copy the address below your account name, or select it from the menu options

How to copy your MetaMask public wallet address
How to copy your MetaMask public wallet address

Note: You can consult your exchange specific help section for more details. Click here for Coinbase.com’s help page.

Have any questions?

Please reach out in our NFTwithMe #help Discord channel or shoot us an email at help@nftwithme.co

Arweave TX
PJ6i4xRL52vk8FATWPcAB6IBpKxzJC1M3X1KOiAp6xc
Ethereum Address
0x5056596726deAcAA6a78Ad4f1bB826d008689606
Content Digest
ZkGdW1ksjWjLnD2YgbYdZHuFrbGvcZUO1k-XRwjKHpw