How to deposit, withdraw and trade (Swap) in MetaMask Little Fox Wallet

This article written by php editor Apple will introduce you to the deposit, withdrawal and transaction (Swap) operations of the MetaMask little fox wallet. As a popular cryptocurrency wallet, MetaMask provides users with convenient digital asset management and trading functions. Through this article, you will learn how to deposit, withdraw and trade in the MetaMask wallet, helping you better utilize this powerful tool for cryptocurrency trading and management.

MetaMask's deposit and withdrawal procedures are very simple and similar to those on an exchange. All you need to do is copy your MetaMask address and withdraw on the exchange.

If we plan to use Binance Smart Chain in MetaMask, we first need to transfer some $BNB as Gas fee. Because any operation on Binance Smart Chain will consume $BNB tokens, similar to how Ethereum requires Ether. This is done to ensure that we have enough tokens to cover transaction fees and successfully complete the asset transfer operation.

Before doing anything, make sure you have at least a little Gas Fee in your wallet. Otherwise, even if you have a lot of assets, you won't be able to complete the operation. In an emergency, this can cause you a lot of trouble.

MetaMask Little Fox Wallet Withdrawal Tutorial

Withdrawing funds to MetaMask is also very simple, just reverse the steps. First, obtain the withdrawal address from the exchange or address from which you want to withdraw funds. Which blockchain network to use depends on the assets of the MetaMask chain you want to withdraw.

For example, if my assets are all on the BSC chain, then I will post the deposit address of the BSC chain.

Withdrawal tutorial step 1: Click Send in the MetaMask wallet.

Withdrawal instruction step 2: Paste the address.

Withdrawal tutorial step 3: Select and enter the assets to be transferred out. If the address you want to withdraw money from will be used frequently in the future, you can click Add to the location book, which will help you record the address. .

As always, remember to reserve a little Gas Fee to avoid having to deposit money again when operating this wallet later

MetaMask Little Fox Wallet Gas Fee (handling fee) How to set it?

Using the MetaMask wallet is just like other exchanges. Transfers require a handling fee, and this handling fee is paid to the person who helps you record the transaction, which is commonly known as the miner.

The Gas Fees that need to be paid are different on different chains. For example, if you use ERC-20 to transfer, you need to pay ETH as a handling fee, and if you use BEP-20, you need to pay BNB as a handling fee.

Among them, ERC-20 is also called the noble chain. As the name suggests, its handling fee is very expensive. Compared with BEP-20, the handling fee of BEP-20 is much cheaper, so try not to use it if you have no choice. Use ERC-20 to transfer funds.

The advantage of adjusting the handling fee is that it allows you to use the MetaMask wallet to purchase goods faster or complete transactions faster.

For example, if you want to use MetaMask wallet to buy a very hot NFT, you can increase your Gas Fee, otherwise it may be bought by others before the transaction is completed. If it is a very hot NFT, The handling fee for your MetaMask wallet may be hundreds or even thousands of dollars.

The disadvantage of adjusting the MetaMask wallet fee is that it costs a lot of money. If you are not in a hurry to transfer or trade, you can actually wait in line slowly for him to complete the transaction.

The Gas Fee directly affects your transfer speed. The higher the Gas Fee, the theoretically faster the transfer speed, because miners will give priority to helping people who give more money to do things.

Gas Fee Setting Tutorial｜Before Transfer

Gas Fee Setting Tutorial 1. Select Send in the MetaMask wallet and enter the sending interface

Gas Fee Setting Tutorial 2. Adjust the Gas price GWEI, pay attention! The price here is not the amount of BNB or ETH paid

Gas Fee setting tutorial 3. Confirm the Gas Fee you need to pay

Gas Fee Setting Tutorial｜Transfer

When using MetaMask wallet to transfer money, you can also change the handling fee during the process to increase the speed of the transaction.

Gas Fee setting tutorial 1. Click Acceleration

Gas Fee setting tutorial 2.Select Edit suggested gas fee

Gas Fee setting tutorial 3.Adjust Gas price

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