Jump to
Main Blog Hype Sell ETH for fiat in MetaMask

Sell ETH for fiat in MetaMask

Pic 1

On September 5, MetaMask announced that it is launching a new feature called "Sell" on its Portfolio’s decentralised application. Now, users can cash out Ethereum to their bank accounts.

 

The Sell function and details

In its latest post, MetaMask revealed that the Sell feature provides "a self-sufficient web3 experience" and swifter transactions, eliminating the involvement of third parties. Sell enables users to convert their crypto into fiat directly to either bank accounts or linked PayPal balances.

Currently, this feature is available only in the US, UK, and parts of Europe. It is now supporting Ethereum on Ethereum Mainnet. However, the developers have already expressed their intentions to bring Sell to more regions and add support for other cryptocurrencies and layer 2 networks.

Layer 2 networks, or just L2, is a collective term for Ethereum scaling solutions. Essentially, these are blockchains built on top of Ethereum, which take the load off the main blockchain and conduct part of the transactions. Nonetheless, such networks are less secure and less decentralised. Now, the most famous L2 networks are Optimism and Arbitrum. You can read more about these technologies on the Ethereum website.

Notably, the Sell feature is combined with the Buy Crypto feature, which was released in April this year. That one allows users to purchase cryptocurrencies via various payment methods.

You can find a detailed guide of how to use the Sell function in the official announcement here.
 

You might also like:

How to create an Ethereum (ETH) wallet

Buy ETH

Maria Kachura
Maria Kachura

Visit her on Facebook or hit her up via Email.

0
Share this post
Similar articles
Best investment options for 2023
Markets
16 February, 2023
Best investment options for 2023
Let’s explore all the pros and cons of currencies, cryptocurrencies, stocks, real estate, and precious metals.
The difference between coin and token: understanding crypto assets
Learn
24 April, 2024
The difference between coin and token: understanding crypto assets
Discover the key differences between coins and tokens in the cryptocurrency ecosystem. Learn about their features, roles, and examples in this comprehensive guide.
NFT NYC 2022!🌐🦄
Events
20 June, 2022
NFT NYC 2022!🌐🦄
NFT NYC 2022.
AIBC Americas 2022
Events
8 June, 2022
AIBC Americas 2022
AIBC Americas 2022.
ETH NEW YORK 2022 🌐🦄
Events
24 June, 2022
ETH NEW YORK 2022 🌐🦄
ETH NEW YORK 2022.
Top 5 NFT games in 2024: the future of blockchain gaming
Learn
19 June, 2024
Top 5 NFT games in 2024: the future of blockchain gaming
In this guide, the itez team has gathered the freshest and most exciting information about the Play-to-Earn (P2E) segment and NFT games.