Like it is essential for you to carry a wallet when you go shopping, to interact with the crypto world, you need a wallet.
A lot of crypto wallets are available, and MetaMask is one of those. MetaMask offers you to perform Ethereum blockchain (One of the diverse blockchains available).
It acts like an interface between you and the DeFi ecosystem, ERC-20 Tokens, NFTs, and almost everything related to Ethereum.
However, if you are wondering how you can transfer ETH to this Wallet to store it, we have come up with a guide for you.
Check out how you can transfer ETH to MetaMask in some simple steps.
How To Transfer ETH To MetaMask?
Once you have purchased ETH, then there comes the requirement to deposit it into the MetaMask wallet. In addition, you may also need to transfer ETH or Ether to
MetaMask if you want to purchase NFTs that is Ethereum based on the marketplace.
Transferring or depositing ETH to MetaMask is very simple. If you have some amount of ETH to transfer and the address of your MetaMask Wallet, then you can easily carry out the transfer.
Once you have the MetaMask wallet created, you can copy its address and visit your existing Wallet to send ETH to your new MetaMask Wallet.
You can Transfer ETH to MetaMask in following ways:
- Directly Add ETH to MetaMask
- Receive ETH in MetaMask From Another MetaMask Wallet
- Transfer ETH From External Wallet To MetaMask
Method 1: Directly Add ETH To MetaMask
You can also buy or send ETH using MetaMask mobile App. For that, follow the steps given below:
Step 1: Download And Install Metamask Mobile App
First of all, you need to download and install the MetaMask app on your mobile phone.
Step 2: Import Your MetaMask Wallet
At the time of creating a new MetaMask wallet, you are given a secret phrase as your password. Use that phrase to import your MetaMask Wallet into your phone.
Step 3: Check Your Balance
After importing your MetaMask Wallet into the app, you will be able to see your ERC-20 and ERC-721 token balances.
Step 4: Click On “Buy ETH”
On the MetaMask wallet’s homepage, you will see the option to buy ETH. Tap on it.
Step 5: Buy ETH
Now, you will find the option for buying the ETH. You can purchase Ether using a bank transfer, a credit card, or with Apple Pay; in case you are residing in the U.S.
Step 6: Check Transaction Status
After making the payment, you have to wait for a few minutes. And then, you can check your transaction status by clicking on the link that will pop up on the screen.
For this, you can use any block explorer like Etherscan.
Step 7: Use ETH
Now, you have ETH in your MetaMask Wallet. You can use it for buying NFTs or swapping for other Ethereum-based cryptocurrencies.
Method 2: Receive ETH In MetaMask From Another MetaMask Wallet
You can also receive ETH in your MetaMask Wallet from another MetaMask wallet.
The other MetaMask Wallet can be yours or your friend’s, or it may belong to an unknown person also. The easy set of steps for doing so are given below:
Step 1: Open The Metamask App
On your mobile phone, open your MetaMask Wallet’s homepage.
Step 2: Tap On ” Add Funds”
On the homepage, you will find the option of “Add funds.” Tap on it.
Step 3: Scan The QR Code
Now, a QR code will appear. Ask the other person or your friend to scan it.
Step 4: Receive ETH
After scanning the QR code, your friend can instantly send you the ETH tokens.
In case your friend or the other person cannot scan the QR code, you can try the following steps for receiving ETH from them.
Step 1: Copy MetaMask Address
Copy your MetaMask wallet address. To do so, click on the account name.
Step 2: Send MetaMask Address
After copying the address, send the same to the other person by Airdrop or by text.
Step 3: Receive The ETH
The other person will copy and paste the received address in the recipient field of the application form and will send you the ETH tokens.
Method 3: Transfer ETH From External Wallet To MetaMask
If the ETH is present in an External wallet and you wish to transfer it to your MetaMask Wallet, here are the steps for you.
We have provided steps for the two major parts: Importing Coinbase wallet to MetaMask wallet and transferring ETH.
Note that we have chosen the Coinbase wallet as an external wallet to explain the process to you.
Steps To Import Coinbase Wallet To MetaMask
Step 1: Open Settings On Coinbase Wallet
First of all, open your Coinbase wallet and then go to the settings page.
Step 2: Select The ‘Recovery Phrase’ Option
Now, tap on Recovery Phrase. After this, check your twelve words recovery phrase. Then note it down in order.
Step 3: Select The Option “Import Using Secret Recovery Phrase” On Your Metamask Wallet.
After this, go to your MetaMask Wallet and then tap on the Import using the Secret Recovery Phrase option, which you will find at the bottom of your screen.
Step 4: Type The Recovery Phrase And Set The Password.
Now, you have to enter your Recovery phrase. After this, create a strong password. Then, confirm it by typing the same password again in the space provided.
Step 5: Tap Import
Tap on Import. This will import your Coinbase wallet to your MetaMask Wallet.
Steps To Transfer ETH From Coinbase Wallet To Metamask.
Step 1: Open Coinbase Wallet And Select Send
Now, open your Coinbase wallet and click on send to transfer assets from your Coinbase wallet to your MetaMask Wallet.
Step 2: Select ETH And Enter The Amount To Be Sent
Now, you have to choose the token which you want to send from your Coinbase wallet to MetaMask, which is ETH in our case. Then, enter the amount you want to send and tap Next.
Step 3: Copy Metamask Address
Open your MetaMask Wallet and then click on the Receive button. Copy your ETH address from there.
Step 4: Paste Metamask Address On Coinbase Wallet
Now, paste the copied address into the recipient address on the Coinbase Wallet.
Step 5: Tap Send
Now, select the send option to send the ETH from the Coinbase wallet to MetaMask.
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The Cheapest Way To Send ETH To MetaMask
When You send ETH to MetaMask, then you have to pay some amount of transaction fee for that. But there are some ways by which you don’t need to pay a hefty gas fee, which are as follows:
1. Transfer ETH In Low Gas Fee Periods
The gas fee depends on the network traffic and changes accordingly. Early
Sunday mornings, as per EST, are the most probable low gas fee periods, and transferring ETH on these mornings can be the cheapest way to send ETH to MetaMask.
With the help of ETH gas trackers, it is possible to determine the periods with low gas prices.
2. Fix The Gas Fee To A Low-Speed Range
Those who are aware of the gas fee mechanism fix the gas fee to a speed range that is low and takes more time for processing.
Gas fees can also be prescribed below the low speed. Although there are fewer chances for its pick up, if you have time, then there is no harm in trying it.
3. Buy Wrapped ETH
Another cheapest way to transfer the ETH to MetaMask is to purchase wrapped ETH on a different network. Some crucial chains like Fantom, Avalanche, Polygon, BSC, etc.,
Have a wrapped version of ETH, which is not ETH but works significantly like it only on that chain.
In case you want to carry ETH on the Ethereum blockchain, then you will have to pay the gas fee to bridge it.
Best Way To Get ETH Into MetaMask
There is no best way to get ETH into MetaMask. You have to do it in the same way as other people do if you want to avoid any problems.
The best way to shift ETH to MetaMask depends on the following things.
1. Gas Fee
According to the previous year’s research, the average fee per transaction on the Ethereum network was $15, and it rose during peak time to up to a few hundred dollars.
The lesser the gas fee, the more profitable the transfer, and the better the way. You can shift the ETH to MetaMask in periods of low gas fees so that you may avoid any big loss.
2. Transfer Time
Ether transfer time can vary from as little as 15 seconds to as high as several days. It depends on the network traffic as well as on the gas fees the sender pays.
On average, the ETH transfer time lies between a few seconds to ten minutes.
3. User Requirements
If the user requires a quick transfer of ETH to MetaMask, then he can attach a higher gas fee to it or transfer it at times when the traffic on the network is minimum.
Also, if the user has no urgency for transfer and can wait for a few days, then he can try attaching a very low gas fee to bridge the transfer.
However, it is quite simple and easy to transfer or deposit ETH or Ether into the MetaMask wallet, but certain things must be considered seriously.
While copying your new MetaMask account’s address, you have to be very careful, as the wrong address will make you lose your money.
Also, you need to learn the transfer mechanism before starting doing it, in case you don’t want to end up paying a higher gas fee.