MetaMask has a lot of promising features for decentralized internet security, including simplified blockchain transactions, dynamic password storage and secure cryptocurrency wallets for Ethereum based tokens.
However, MetaMask is not a crypto exchange in and of itself, and you may want to take advantage of different crypto platform's features, such as Gemini.
Gemini is a great crypto trading platform for many because of its large collection of cryptos fully available to US citizens.
Additionally, Gemini has some of the best security features in the industry.
Whatever the reason may be for wanting to transfer from MetaMask to Gemini, we will show you how to execute this transfer step-by-step!
The process for transferring your crypto from MetaMask to Gemini can be completed through three steps:
These three steps will be described in detail in the paragraphs below!
Gemini enables investors to buy, store and trade cryptocurrencies.
This exchange is one of the few cryptocurrency platforms that has never been hacked. This means that Gemini’s security precautions are working.
Gemini has also built a reputation as an investing platform with a simple user interface.
As with any crypto trading platform, Gemini does charge platform fees.
Since crypto fees are often complex and vary from crypto to crypto, the list of fees can be found on the official Gemini website.
The process to open a new Gemini account is straightforward and can be completed by following the below steps:
After completing the above steps and uploading the required documentation, you will then submit your verification information for review.
According to the Gemini website, verification sometimes takes 2-3 business days to complete. If the process is taking any longer you can contact customer support for help.
However, the process usually completes in just minutes.
Now that you have opened and verified your Gemini account, it is time to locate your crypto wallet address.
This is the address in Gemini where you plan on sending the crypto from MetaMask. Keep in mind, MetaMask only offers wallets for Ethereum blockchain-based cryptocurrencies, so those are the only ones you are able to send over to Gemini.
You will have a different address for each type of cryptocurrency that you hold within Gemini. Each one is 100% unique, and mixing them up could result in the loss of cryptocurrencies. You need to make sure you send Ethereum to a Ethereum address only, for example.
Here's how to locate your wallet address on Gemini:
Last step, time to send your crypto from MetaMask to Gemini:
It is always a good idea to test the above steps by transferring over a small percentage of your crypto before transferring over all your assets. However, be sure to consider any applicable fees before doing so.
Sometimes it is just better to be safe than to be sorry!
If you are looking to move multiple different types of cryptocurrencies from MetaMask to Gemini, you will need to repeat this process (step 2 and 3) for each different one.
Since transferring cryptocurrency does carry risk, especially if information is entered incorrectly, the above information can be verified on the official MetaMask and Gemini websites.