MetaMask Portfolio has launched a new “Sell” feature, enabling users to effortlessly convert their cryptocurrencies into fiat currencies like USD, EUR, and GBP. This addition complements the platform’s existing “Buy” feature, offering a seamless Web3 experience with minimal intermediaries.
Vetted providers and real-time options
MetaMask’s new feature aggregates multiple vetted providers to offer real-time conversion rates, allowing users to cash out their Ethereum (ETH) into various fiat currencies. Unlike platforms that restrict users to a single provider, MetaMask presents many options that meet its high standards. This approach ensures that users are presented with the most competitive rates when converting their ETH on the Ethereum Mainnet to their preferred fiat currency.
The process is straightforward: Users connect their MetaMask wallet to the portfolio interface, select their region and the token they wish to sell, and choose a fiat account destination, such as a bank account or PayPal balance. Real-time quotes from different providers are then displayed, and users can proceed to complete the transaction securely.
Global expansion and future plans
Initially available in the US, UK, and parts of Europe, MetaMask has plans to extend this feature to more regions, catering to its global user base. The platform aims to make Web3 technology more accessible by providing users with easy entry and exit points to the crypto market. While the feature currently supports ETH on the Ethereum Mainnet, there are plans to expand support to native gas tokens on layer 2 networks soon.
The Sell feature is part of MetaMask Portfolio’s comprehensive suite of services, which includes Dashboard, Buy, Swap, Bridge, and Stake functionalities. The platform continues to evolve, offering a user-friendly environment to accommodate the diverse Web3 needs of its global community.