MetaMask launches feature to sell ETH for fiat

Must read

MI vs UPW Match Prediction: Who will win today’s WPL 2024 match?

Two teams have tried to beat the Mumbai Indians (MI) in the 2024 edition of the Women's Premier League (WPL), and...

“Bro misses his wife and kids”: Damian Lillard being ‘lonely’ after Bucks trade amid divorce battle evokes NBA fans’ sympathy

Damian Lillard made it explicitly clear that he feels "lonely" in Milwaukee in a recent interview. The...

“We have all made mistakes”: Love is Blind star Chelsea reacts to ex Trevor’s secret relationship allegation

Love is Blind star Chelsea Blackwell has extended support to her pod ex Trevor Sova after allegations that he had a...

“I’d doubt that I’ll be captaining that long” – Pat Cummins ponders captaincy future to prolong his playing career

Australian captain Pat Cummins remains unsure of leading the country for the rest of his playing career....

The sell feature on MetaMask Portfolio came roughly five months after the wallet allowed users to purchase crypto using fiat from bank accounts, PayPal, and debit and credit cards.

413 Total views

1 Total shares

MetaMask launches feature to sell ETH for fiat

Cryptocurrency wallet MetaMask has announced the launch of a feature allowing users to sell Ether for fiat currency.

In a Sept. 5 post on X — formerly Twitter — MetaMask said users with crypto wallets connected to the platform’s Portfolio decentralized application would be able to cash out Ether (ETH) and send fiat to their bank accounts in the United States, United Kingdom and parts of Europe. MetaMask said the initial rollout was limited to ETH but planned to expand to “native gas tokens on layer 2 networks” in the future.

We are beyond thrilled to announce our latest feature: Sell.

Yes, you read that right. Available on MetaMask Portfolio, ‘Sell’ allows you to cash out your crypto for fiat currency easily.

Discover more at https://t.co/aaSgTswEMo pic.twitter.com/pJa1ZndLQA

— MetaMask (@MetaMask) September 5, 2023

The sell feature came roughly five months after MetaMask launched a function allowing users to purchase cryptocurrencies using fiat from bank accounts, PayPal, and debit and credit cards. The platform said at the time it planned to roll out the “buy crypto” service for more than 90 tokens to users in more than 189 countries.

Related: MetaMask rolls out ETH purchases via PayPal to US users

MetaMask has previously announced partnerships with crypto on-ramp providers, including MoonPay, Sardine, Transak and Wyre. In March, the platform launched a staking marketplace for its institutional clients.

The crypto wallet, used by many retail investors in various countries, has often been a target for scammers and bad actors. Cointelegraph reported on Sept. 5 that scammers had taken control of certain government websites in India, Nigeria, Egypt, Colombia, Brazil and Vietnam in order to trick users into sending their personal information to fake MetaMask sites.

Magazine: Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon

More articles

Latest article

MI vs UPW Match Prediction: Who will win today’s WPL 2024 match?

Two teams have tried to beat the Mumbai Indians (MI) in the 2024 edition of the Women's Premier League (WPL), and...

“Bro misses his wife and kids”: Damian Lillard being ‘lonely’ after Bucks trade amid divorce battle evokes NBA fans’ sympathy

Damian Lillard made it explicitly clear that he feels "lonely" in Milwaukee in a recent interview. The...

“We have all made mistakes”: Love is Blind star Chelsea reacts to ex Trevor’s secret relationship allegation

Love is Blind star Chelsea Blackwell has extended support to her pod ex Trevor Sova after allegations that he had a...

“I’d doubt that I’ll be captaining that long” – Pat Cummins ponders captaincy future to prolong his playing career

Australian captain Pat Cummins remains unsure of leading the country for the rest of his playing career....

ISL 2023-24 Points Table: Updated standings after Hyderabad FC vs Punjab FC clash

Punjab FC beat Hyderabad FC 2-0 in the 96th match of the Indian Super League (ISL) at...