How To Withdraw Money From Opensea To Bank Account (Step by Step) Metamask To Your Bank
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Jan 30, 2024
How To Withdraw Money From Opensea To Bank Account (Step by Step) Metamask To Your Bank
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0:00
Hey everybody, welcome into this new tutorial
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So if you want to withdraw your money, the amount of tokens that you gained from OpenSea
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into your bank account, stick around cause I'm going to show you real quick how you can do that
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Now, in this video tutorial, I'm going to show you step by step. I'm going to make a walkthrough, complete full tutorial how you can do that
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So if you really want to withdraw your money and you actually don't know exactly what to
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do, well, try to be a little bit patient because yes, it's a little bit easy, but you might
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you might want to take in mind a few steps in order to receive your money with no issues
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So first of all, what you guys need to do is to go into your OpenSea account. As you can see, I'm already into OpenSea.io and what I want to do is to go into this part
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into this section where it says profile. So if you haven't signed in, if you haven't imported your wallet, it would be appearing
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something like this. It says you need a crypto wallet to use your OpenSea
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So almost everybody has a Metamask wallet, but if you have a Coinbase wallet or something
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else, you can choose your wallet. It's right in to show more options and to log in
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So in my case, I'm going to choose Metamask because I already have here my wallet already
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imported as an extension. So, so I'm going to choose a passcode real quick
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I just need to connect my Metamask. I need to approve this. I'm going to go into next
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I need to approve the seed address, the account balance, the activity and suggest transactions
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to approve. So let's connect right away. All right. So now here I have a few of my NFTs already been listed in here
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So as you see this wallet, I'm going to click in here
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Here we'll be seeing the total balance of our account. So in my case, I'm using my Ethereum network and I have just a few dollars in here, but
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I must say, guys, how do you earn your money here into OpenSea
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Well, it's actually really simple. Let's say, for example, that you have this NFT, right
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So if I clicked into my NFTs, I can sell this NFTs inside OpenSea.io
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I can choose the sell option, select to switch the network because my NFT was published into
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a Polygon network. So I must choose another network. So I need to allow this site to add a new network
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So I'm going to go into switch account, switch network, sorry. And once I am into the listing section, let's say I'm going to put in here just a price
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iteration of seven days, for example, and go into complete my listing
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So now, once again, I need to confirm the listing here. I need to sign the request
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I'm going to hit it to sign. Here's my NFT, confirms your listing
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I need to wait to the approval to be done and I can go back into the listing
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Now that your NFT has been already listed into OpenSea.io, as you can see, here's my
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minimum bid. Here's my started price. And what if someone buys my NFT
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So what you guys want to do is to focus here on the details part
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So as you can see, here's my contract address, my token ID, and the item activity is going
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to be appearing in here. So if someone, so if someone buys my NFT is going to be seeing here, the event, purchase
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the price from which person to my account, my wallet. So since my OpenSea account has been created with a crypto wallet, what's going to happen
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is if I go back into my profile and my NFT has been already done successfully sold, I
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am no longer going to see my NFT on the collecting section
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If you go into your wallet, your balance is going to be appearing right away
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So that means that your money, it's not actually on OpenSea. It's actually in your wallet, in your crypto wallet
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So let's say, for example, that I earned this DIA Ethereum stable coin, and I want this
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to send that into my bank account. So I strongly suggest you guys to choose, for example, the Polygear network, because
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they have very low commission. They don't retail a lot of your money
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So if you are into the Ethereum network, you can always choose this more section and you
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can bridge that to Polygon. And in order from doing that, is that I need to go into my MetaMask, switch into my Ethereum
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account and go into bridge to Polygon. So what's going to happen is that this token, let's say I want to send a dollar, is going
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to be sent into the Polygon network so I can receive most of the amount of the tokens
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that I've received. So that's the reason why almost everybody post their NFTs through the Polygon network
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So they can get lower commissions. But if you want to stick around with the Ethereum, it's totally OK
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So let's say now that you have your dollars right in here, right
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A dollar and ninety cents. So that means that if I go into my MetaMask account, if I go into my MetaMask wallet
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I can see that in my assets, here is exactly the same amount of money that I have into
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my OpenSea. So as I just told you guys, the money that you got into OpenSea was directly sent into
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your wallet. That's the reason why we a really protective wallet with a bunch of securities, because
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all your money is going to be available in there. And almost everybody is able to see what's on your wallet
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So you must be really careful with your secret covering phrase and all that
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All right. So now that we have here our token, it's pretty easy to send that directly into your bank account
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So, so there are two ways that I actually send my tokens into my bank account
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The first option is to receive that into an exchange that can be compatible with my bank account
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And the second option is to send directly into a wallet that is compatible with my bank account
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In my case, I'm currently based into Mexico City. So that means at the moment, there are not so much exchange that can be sending directly
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tokens into my bank account. So what I do is to use another wallet
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But if you are currently based into the United States, or maybe you are somewhere around
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it's not Latin America, you might be receiving your money into your exchange
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So for example, if you want to receive that into Binance and send directly from Binance
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into your bank account, you can always go into your wallet. You can go into the Fiat Inspired section once you already signed in, of course
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And now what I want to do is to focus on the token that I have into my wallet
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So we received the GIA token. So I want to look for that coin if it's available in here
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So as you can see, it is available. So when I found the token, I want to choose the Deposit section
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We want to deposit to our account. All right. So in here, you can select once again, the coin, let's use GIA
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And in the network, it's really important guys to choose the only support network from
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Binance and of course from Metamask. So if you are into your Metamask wallet, you might see that your tokens are available into
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a specific network. In my case, it's already into Ethereum network. If you want to change that, if you want to send this token into another network, we most
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use a bridge. But in my case, I just need to select the network
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In my case, I'm just going to select the Ethereum mainnet, which is actually this one
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Choose the Ethereum. And now it's going to be popping up a contract address we need to copy
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And then we can go back into Metamask so we can paste this address into the send section
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So I'm going to just paste that. And it's going to be asking me what asset I want to send. Right
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In my case, I'm going to choose DIA. And it's going to be asking you for the amount
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Let's say you want to send, for example, just one DIA and go into the next section
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Into Metamask is the BNV. So if you don't have enough tokens, you can click in here, go into the buy section, and
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you can choose the option that suits you the best. So you can pay and get a few tokens in order for you to receive your tokens into Binance
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So once you send your token, once you have your token already into Binance, let's go
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back into the VNSpark section. And I want to look for the Binance convert
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And what I want to do is to convert this token into the currency that works into my country
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For example, I'm going to choose DIA. Let's see if it works into the EUR
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As you can see, here it is. And if I want to convert four of them, I can preview my conversion
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Here's the price of the DIA. And this is the invoice price. So this is what we're going to be receiving here
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Now in my case, it says insufficient balance, but you guys just go ahead and go into continue
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My case says refresh. So these prices are constantly changing. The last thing to do is to send that into your bank account is to withdraw that money
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You just need to select your coin that was already converted and go into the withdrawal option
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Now, since this currency, actually, it's not like an actual token. It's not like a crypto
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The only way that we can withdraw this balance is through a bank card or a bank transfer
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So depending on the country that you are living is how you're going to be receiving that money
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If I choose a bank card, it just won't let me because it's not available into my country
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So that leads me guys into a second option, just in case that you don't have this option
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of receiving the currency into your bank account. So in my case, what I did is to try to find a contract wallet that can be related, can
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be merged with my bank account so I can receive my money when I send it to the application
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So for me, I looked for a wallet called Betzo.com because actually Betzo.com was created for
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Latin America. So that's the way I can receive my money. So for example, I just send a couple of tokens into my MXN currency because this is the currency
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that operates with my bank account. I just need to click my name here, my ID of my bank, which is the name of my bank, and
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the amount that I want to receive. So as you can see, those are the two options
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And maybe the last option that I can give you is to receive your tokens through PayPal
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But it seems like in PayPal, it's not available on every country
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I'm pretty sure it's just available in the United States. So if you go into the application, you can buy or you can sell your cryptocurrencies
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If this feature was available for every country in PayPal.com, well, that would be pretty
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pretty amazing. But so far, I'm pretty sure it's not working countries
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So there you have it, guys. Now you know how to receive your money from OpenSea into your bank account
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There were a lot of options that you can choose. Hopefully, this was really useful for you
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If you find this video valuable, don't forget to like and subscribe to this channel if you want to see more about this OpenSea and these other applications
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Guys, thank you so much for watching this video, and hopefully I will see you next time
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