💵Cash Out USDC From MetaMask to Centralized Exchange

Below is a video showing an example of cashing out USDC from MetaMask to ByBit and your local bank account using the local currency (e.g., Nigerian Naira (NGN) currency an example). However, the steps are the same for all countries.

Here are simplified, easy-to-follow steps for withdrawing USDC from MetaMask to ByBit/Binance and then to your local bank:

1. Send USDC.e from MetaMask to ByBit/Binance:

   • Open your MetaMask wallet and select the USDC token.

   • Click on "Send" or "Transfer," and paste your Binance USDC deposit address.

   • Enter the amount of USDC you want to send and confirm the transaction. Wait for confirmation on the Ethereum network.

2. Convert USDC to Local currency (e.g, Nigerian Naira, NGN) on ByBit/Binance:

   • On Binance, find the USDC/NGN trading pair or any other suitable USDC-to-NGN pair.

   • Place a sell order for the amount of USDC you wish to convert to NGN.

3. Withdraw NGN to Your Local Bank Account:

   • Go to Binance's "Withdraw" section and select NGN as the withdrawal currency.

   • Follow the prompts to set up your withdrawal method, such as bank transfer.

   • Enter your Nigerian bank account details, including the account number and bank name.

   • Complete the withdrawal process, and the NGN should be sent to your local bank account in Nigeria.

Always double-check the accuracy of addresses, account details, and bank information before confirming transactions. Additionally, be aware of any fees that may apply during the process, including conversion and withdrawal fees on Binance. For the most current and accurate information, refer to the official websites of MetaMask, Binance, and your local bank in Nigeria.

Please note that the values presented here are hypothetical and not necessarily reflective of the actual fees. Always verify the latest fees directly on the respective platforms.

Service	Fee Type	Fee Amount	Notes
MetaMask to Binance	Network Fee (Gas)	Variable	Depends on network congestion and gas prices
	Withdrawal Fee	1 USDC	Binance may charge a small withdrawal fee for USDC
Binance to Local Bank Account	Withdrawal Fee	1 USDC	Binance may charge a fee for withdrawing USDC to your bank account
	Currency Conversion Fee	Variable	If your bank account currency differs from USDC, your bank may charge a conversion fee
	Bank Transfer Fee	Variable	Your local bank may charge a fee for receiving the funds