MetaMask, the leading Web3 wallet, has just introduced a new feature called ‘Sell’. This feature allows users to sell their crypto-currencies in just a few clicks, and then receive payment in fiat currency directly into their bank or PayPal account.
MetaMask unveils “Sell” functionality
The must-have Web3 wallet MetaMask has just added a “Sell” functionality to its toolkit to allow its users to sell their cryptocurrencies in just a few clicks.
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
We’re delighted 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. “
To put it simply, MetaMask, thanks to a list of verified partners (MoonPay and Transak at the moment), allows its users to sell their cryptocurrencies and receive payment in fiat currency in the process, directly into their bank account or PayPal account, as they choose.
According to the explanation page for this new MetaMask feature, the wallet wants to reduce the number of intermediaries in its users’ Web3 journey.
According to MetaMask, the ‘Sell’ feature is already available in the US, the UK and parts of Europe, including France. Although MetaMask has not provided a timetable, the new tool is expected to be extended geographically in the near future.
For the time being, MetaMask’s ‘Sell’ tool is only available on the Ethereum mainnet for selling ETH, but it is expected to be rolled out to its layer 2s in the near future. According to the tutorial, funds can take up to “a few days” to reach the receiving account, although this seems to depend on the provider chosen for the transaction.
