There are hundreds of new cryptocurrency platforms each with various benefits and offerings. Metamask, founded in 2016, has become popular as it functions as an extension rather than a full web platform. However, some investors may not find all they are looking for with Metamask as it is limited to the Ethereum blockchain.
Crypto.com is a great platform to check out as it has one of the largest collections of coins available for trading. If you want to transfer your assets to a new platform, then Crypto.com could be the right platform for you. Be sure to check out our complete Crypto.com review.
In this article, we highlight each step to transfer from Metamask to Crypto.com. Let's dive in!
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Transferring coins from Metamask to Crypto.com is simple process, and it takes just 3 steps:
Let's jump into each of these steps in more detail.
Crypto.com has made a name for itself by being more than a platform where you can buy and sell various coins. The company also offers members the ability to earn interest on their holding as well as earn crypto rewards with their Visa metal debit card.
They also have one of the largest collections of coins with over 250!
To send crypto from Metamask to Crypto.com, you will need a Crypto.com account.
If you already have a Crypto.com account, you skip to the next step!
If not, here are the steps to open an account:
If your information is correct and your images are clear, this verification can be completed in as little as 5 minutes!
Cryptocurrencies are held in an account just like other assets. However, for cryptocurrency, this account is called a wallet, and each wallet has a unique address. You can think of this address like a routing and account number. When sending crypto from one location to another, you need an account or wallet address to send it to. Additionally, each crypto has a unique wallet address - Bitcoin is held in a Bitcoin wallet, and Ethereum is held in an Ethereum wallet.
If you send a certain cryptocurrency to a non-matching wallet, then you could lose those assets.
Finding this crypto address in Crypto.com is easy:
You will use this address in the Metamask app to initiate a transfer from Metamask to Crypto.com.
Once you have your wallet's address from Crypto.com, executing the transfer is quite simple.
However, before you do so, you ought to be aware of gas fees.
A gas fee is what is paid to miners for executing a transfer and putting it on the blockchain.
With MetaMask, you can actually set your fee to one of the 3 options below:
To read more about MetaMask's gas fees, check out their gas fee explanation here.
Ok, here's how to send crypto from MetaMask to Crypto.com:
Transfers between Metamask and Crypto.com are fairly simple.
While it is simple, details are important! If you are transferring Ethereum, and you accidentally copy and paste the wallet address associated with another crypto, then you could lose your Ethereum forever.
After copying and pasting the correct address into Metamask, the process is as simple as tapping "Confirm!"