Have you ever tried to transfer your ETH from your MetaMask Wallet to your PayPal Account? If not, then do you want to know how to do so? Before June 2022 it was not possible, but this function was also made available after the update.
In this blog, all the steps of how to transfer and the fees relating to it will be discussed.
Transferring Fees
At the time of making a transfer of ETH from the MetaMask Wallet to PayPal, you will be charged only $10. The fees are not high as the users expected but it does not mean that the Ethereum gas fees charged would be low as well. However, in comparison with other platforms, the Ethereum gas fees are also low. And before you make any transfer you can also get a rough estimate of how much will you be charged. There are a few websites available that would give you a rough idea.
How to transfer ETH from MetaMask to PayPal?
The transfer process is quite straightforward and easy to execute. The steps are given below:
Before we start make sure to check the available ETH balance in MetaMask Wallet. Copy the wallet address of your PayPal crypto account. Now go back to your MetaMask wallet and press the send button.Enter the amount you want to send and then in the recipient field, type the address copied in step 2.Now review all the details of the transaction along with the charged gas fees.Once you are satisfied with all the details, you can press the ‘Confirm’ button.
Now wait for the confirmation to be received from the Ethereum blockchain and then after a few minutes, your Ethereum would be transferred to the PayPal account.
Another transfer method
If you do not wish to use the method stated above, then you can use another method stated below. However, this method would require the use of another exchange platform namely Coinbase or Binance.
From your MetaMask Wallet send the crypto assets to Coinbase or Binance as per your choice.Now you have to exchange these transferred funds into dollars.After that, you have to link your PayPal account with any of the platforms you have selected (Coinbase or Binance). Now you can just withdraw these funds directly into your PayPal account.
Thus you can use any of the methods whichever you find more suitable.
Bottom line
If you are thinking that for the transfer steps, you can only use Coinbase or Binance then it is not like that. Other exchanges like Voyager, Kraken, Uphold, etc. These exchanges also facilitate the transfer of Ethereum as well as Bitcoin. Also, the fees are charged if you transfer by using any other exchange. As an estimate the charged conversion fees would be 5% and the withdrawal fees would also be charged. And these fees vary from exchange to exchange. Hence, transferring of crypto funds from the MetaMask wallet has been explained in details.
