Crypto Wallet MetaMask Launches Sell to Fiat Feature

2023-9-6 07:32

Popular Ethereum crypto wallet MetaMask has announced a new feature called simply called ‘Sell.’ The new feature in the MetaMask Portfolio section allows users to sell crypto for fiat. 

On September 5, crypto wallet provider MetaMask unveiled its Sell feature, allowing users to easily cash out crypto for fiat currency.

Crypto to USD, GBP, or EUR

MetaMask explained that its new Portfolio Sell feature allows for faster fiat conversion to bank accounts or PayPal balances. 

However, it is currently only available in the US, UK, and parts of Europe. Therefore, the only fiat currencies available to sell to are USD, GBP, and EUR. 

MetaMask has plans to expand to more regions to cater to its worldwide community, it stated.

It added that the function also initially supports ETH on Ethereum Mainnet. However, there are plans to expand to native gas tokens on layer 2 networks soon.

The crypto wallet aggregates an array of vetted providers, similar to those available through its ‘Buy’ function.

“Using the Buy and Sell features in MetaMask Portfolio allows you to go full circle in your crypto and fiat journey, with many of the same providers.”

How to Add Fantom to MetaMask: A Step-by-Step Guide

Not all states in the US were supported when BeInCrypto tried the function. New York was unavailable, and others offered transfer options, including ACH Bank Transfer or MoonPay. 

For UK users, Faster Payments, SEPA Bank Transfer, MoonPay, or Transak options were available. 

When selling ETH, users are securely redirected to the provider’s website to sign up and link fiat accounts, then directed back to MetaMask Portfolio.

MetaMask currently does not require KYC (know-your-customer) but this may well change if it is dealing with banks. 

MetaMask has previously announced partnerships with fiat on/off-ramp providers such as MoonPay, Sardine, Transak, and Wyre. In May, the crypto waller rolled out Ethereum purchases via PayPal for its American users.

Moreover, MetaMask was also criticized for withholding tax implications in May, which developer ConsenSys denied. 

Read more: 13 Best No KYC Crypto Exchanges in 2023

MetaMask a Target For Scammers 

Being one of the world’s most popular crypto wallets also makes MetaMask a massive bullseye for scammers. 

However, on September 6, the platform stated that these scams are not unique to MetaMask:

“They are a common threat in the Web3 ecosystem, and we are always working to keep users safe.”

The comments were in response to reports that alleged MetaMask scammers had compromised government websites to target cryptocurrency investors. 

The scam redirected users to fraudulent websites impersonating MetaMask that prompted a download of a fake MetaMask APK file which granted the scammers remote control of the device.

The post Crypto Wallet MetaMask Launches Sell to Fiat Feature appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Atomic Wallet Coin (AWC) на Currencies.ru

$ 0.0462377 (-2.16%)
Объем 24H $542
Изменеия 24h: 1.08 %, 7d: 3.19 %
Cегодня L: $0.0453066 - H: $0.0479966
Капитализация $490.289k Rank 2184
Цена в час новости $ 0.7937 (-94.17%)

wallet feature crypto sell metamask parts expand

Источник: beincrypto.com

wallet feature → Результатов: 126


WinWinCoin ICO

WinWinCoin gambling solution with decentralized Jackpot What do we offer? As mentioned above, we have a full understanding of current problems in the gambling industry and that is why we offer an effective solution in the form of decentralized anonymous currency WinWinCoin which will save players from limits, fees, make money transfers faster and all wallets and transactions anonymous which will allow avoid territorial and legislative restrictions.

2019-1-5 21:09


Binance Posts Video Demo of Its Decentralized Exchange Featuring Binance Chain

Binance, the biggest crypto exchange by volume, yesterday released a new video demonstration of its decentralized exchange ahead of its launch in Q1 2019. The broadcast exhibited the trading interface of Binance DEX – as the platform is called – along with its web crypto wallet feature and Binance Chain, Binance’s native public blockchain explorer.

2018-12-5 20:00


Trezor Wallet добавил нативную поддержку Ethereum, Ethereum Classic и токенов ERC-20

Производитель аппаратных кошельков Trezor объявил о начале нативной поддержки криптовалют Ethereum и Ethereum Classic, а также токенов стандарта ERC-20 в интерфейсе бета-версии ПО Trezor Wallet. A long-awaited feature is finally here! Native interface for Ethereum, Ethereum Classic, and ERC20 tokens is now available in the beta version of Trezor Wallet at https://t.co/8yLlDbUQ5K. Give it a […]

2018-12-4 15:04


Фото:

Bancor is Bringing Cryptocurrency to Kenya’s Poor

Residents of impoverished neighborhoods in Nairobi, Kenya have recently begun embracing cryptocurrency for community purchases, as spotlighted in a recent in-depth Bloomberg feature piece. This was part of an initiative by Bancor, which used its Bancor Wallet in combination with the POA Network to digitize community currencies that were already in use in such neighborhoods.

2018-11-2 16:29


Фото:

How Monero Are Improving Human Rights With XMR

 Listen Here – https://soundcloud. com/cryptodaily/how-monero-are-improving-human-rights-with-xmr Monero is considered to be the privacy coin, the currency of choice for absolute privacy. Now, privacy doesn’t necessarily mean security and we should remember that 2018 has seen a tonne of ‘Monero mining’ hacks, calling into question some of the projects integrity.

2018-10-12 17:00


Awesome! MyCrypto team Establishes Schedulable Transaction feature on the Ethereum Network

The Ethereum Development team keeps on rolling out features for Continuous improvement of the ethereum platform and this has retained Ethereum in it’s No 2 spot for a very long time. One of such news is coming from the MyCrypto team , a non-custodial Ethereum wallet that can also accept ERC20 tokens and was also […] The post Awesome! MyCrypto team Establishes Schedulable Transaction feature on the Ethereum Network appeared first on ZyCrypto.

2018-9-18 17:26


Opera Browser In-built Ethereum Wallet Enables Sharing of Cryptokitties

Norwegian software company Opera has gone a step further to popularise Ethereum by enabling users to send cryptokitties and other cryptocurrency-based collectibles via its web browser Opera. This new improvement to the browser was announced in a blog on the company’s website today 7 September 2018 saying although the feature is still at the initial […] The post Opera Browser In-built Ethereum Wallet Enables Sharing of Cryptokitties appeared first on ZyCrypto.

2018-9-8 00:32


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

MetaMask gets new Delegation Toolkit for effortless Web3 onboarding

Consensys, the firm behind the popular MetaMask wallet, has introduced an array of tools aimed to help make web3 onboarding easier for new users. Introduced during the EthCC event, the Delegation Toolkit will help developers create decentralized applications (DApps) and…

SEC Sues Consensys Over MetaMask Staking, Broker Allegations

The U.S. Securities and Exchange Commission sued Ethereum software provider Consensys over its MetaMask service Friday, alleging the wallet tool was an unregistered broker that "engaged in the offer and sale of securities" and that its staking service violated federal securities laws.

MetaMask tests new on-chain payment card with Mastercard network

MetaMask, a popular non-custodial cryptocurrency wallet for the Ethereum blockchain, is currently conducting tests on a novel on-chain payment card.  This card, being developed in collaboration with Banx, will operate using Mastercard’s extensive payments network. According to a CoinDesk report…

MetaMask начал тестирование блокчейн-карты Mastercard

Некастодиальный криптокошелек MetaMask тестирует платежную ончейн-карту Mastercard, выпущенную Baanx. Об этом сообщает CoinDesk. Совместный продукт станет «первым в истории действительно децентрализованным платежным Web3-решением», следует из маркетинговых материалов.