How to use MetaMask's Sell feature to cash out your crypto to fiat | MetaMask News (2024)

MetaMask Portfolio’s Sell feature allows you to easily cash out your crypto to fiat currency (USD, EUR, GBP). Combined with the Buy feature, it enables you to have a self-sufficient web3 experience with fewer intermediaries and faster fiat conversion directly to your destination of choice where available, like your bank account or PayPal balance.

Vetted providers


Rather than being limited to a single provider, MetaMask aggregates an array of vetted providers (many of the same ones in the Buy flow)—ensuring they meet our high standards—to present you with different real-time options to convert your ETH on Ethereum Mainnet to the fiat currency of your choice (where available).

A global audience


The Sell feature is currently available in the US (state restrictions apply), UK, and parts of Europe with plans to expand to more regions to cater to our worldwide community. Ensuring a way for users to enter and exit crypto freely is important and we hope these options make web3 attainable to more people. We’re initially supporting ETH on Ethereum Mainnet, with plans to expand to native gas tokens on layer 2 networks soon and fiat currency USD, EUR, and GBP.

How to use the Sell feature in MetaMask Portfolio:


To sell your crypto:

  1. Connect your MetaMask wallet to portfolio.metamask.io
  2. Click the “Sell” tab to get started
  3. Select your region
  4. Select the token and network you want to sell from (example: ETH on Ethereum)
  5. Select fiat account destination available in your location(e.g.: bank account or PayPal balance)
  6. Enter the crypto amount you want to sell (example: 0.5 ETH)
  7. All quotes from the different available providers will be presented in real time. Select one to continue.
  8. You'll be securely redirected to the provider’s website to sign up and link your fiat account, then directed back to MetaMask Portfolio.
  9. Select “Send ETH to [Provider]” to send crypto from your wallet to your fiat account.
  10. Confirm the transaction in your MetaMask wallet.
  11. You’ll be able to keep track of your order as it is processed in the “Sell” tab. Times vary per provider, and funds may take a few days to reflect in your fiat account.

Success! 🦊

Streamlined with providers


Using the Buy and Sell features in MetaMask Portfolio allow you to go full circle in your crypto and fiat journey, with many of the same providers. That means you'd only need to sign-up and link your bank account once with a specific provider. We hope you enjoy using these features.

Ready to dive in? Learn more at metamask.io/portfolio.

MetaMask Portfolio: track and manage your web3 everything

MetaMask Portfolio provides a comprehensive and user-friendly platform to accommodate your web3 needs and put you in control. Through Dashboard, Buy, Swap, Bridge, and Stake, you’re covered. We’re constantly working on improving and evolving the dapp through meaningful updates. Click here to learn more about MetaMask Portfolio and its features.

How to use MetaMask's Sell feature to cash out your crypto to fiat | MetaMask News (2024)

FAQs

How to use MetaMask's Sell feature to cash out your crypto to fiat | MetaMask News? ›

Just go to your favorite wallet or moonpay.com/sell and choose the cryptocurrency and amount that you'd like to trade for fiat. After entering your email address and completing our secure identity verification process, you'll be prompted to enter your bank account information.

How do I cash out crypto to fiat? ›

To sell your crypto:
  1. Connect your MetaMask wallet to portfolio.metamask.io.
  2. Click the “Sell” tab to get started.
  3. Select your region.
  4. Select the token and network you want to sell from (example: ETH on Ethereum)
  5. Select fiat account destination available in your location(e.g.: bank account or PayPal balance)

How do I sell my crypto for cash? ›

How to cash out your crypto or Bitcoin
  • Use an exchange to sell crypto.
  • Use your broker to sell crypto.
  • Go with a peer-to-peer trade.
  • Cash out at a Bitcoin ATM.
  • Trade one crypto for another and then cash out.
Feb 9, 2024

How to swap ETH to wETH on MetaMask? ›

Using MetaMask for wETH
  1. Open your MetaMask wallet.
  2. Click "Swap"
  3. Choose “wETH” under "Swap to"
  4. Enter the amount of ETH you wish to swap.
  5. Click "Review Swap"
  6. Review transaction details and click "Swap"
Jan 15, 2024

Where can I sell crypto for fiat? ›

Just go to your favorite wallet or moonpay.com/sell and choose the cryptocurrency and amount that you'd like to trade for fiat. After entering your email address and completing our secure identity verification process, you'll be prompted to enter your bank account information.

How to cash out on MetaMask? ›

How to sell your crypto on MetaMask Mobile:
  1. Click the “Sell” option from the menu bar at the bottom.
  2. Select the region where your bank is based from the dropdown list.
  3. Select cash account destination available in your location (example: bank account, debit card, or PayPal)
Dec 12, 2023

What is the best way to cash out crypto? ›

How to cash out your crypto or Bitcoin
  1. Use an exchange to sell crypto. One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. ...
  2. Use your broker to sell crypto. ...
  3. Go with a peer-to-peer trade. ...
  4. Cash out at a Bitcoin ATM. ...
  5. Trade one crypto for another and then cash out.
Feb 9, 2024

Can cryptocurrency be converted to cash? ›

Yes, Bitcoin can be converted into cash by selling it on a cryptocurrency exchange or through peer-to-peer transactions. You can also transfer Bitcoin to another person or wallet by sending it to their Bitcoin address.

How do I sell my crypto on crypto for cash? ›

How to sell Crypto to Fiat?
  1. Open the Crypto.com app.
  2. Tap on "Accounts"
  3. Select "Fiat Wallet"
  4. Select "Sell Crypto"
  5. Select the cryptocurrency you'd like to convert to Fiat.
  6. Select the 'Cash' option.
  7. On the "Sell Cryptocurrency" screen, you can enter the amount you wish to convert.

How to withdraw crypto to bank account? ›

The most straightforward way to withdraw crypto to a bank account is by selling it through a cryptocurrency exchange, peer-to-peer trading platform, or fintech company. This way, you convert the selected crypto to fiat and send money to your bank account.

What is the difference between ETH and WETH? ›

The two main differences between WETH and ETH is that WETH cannot be used to pay for transactions and ETH is not an ERC-20 token. The next section will cover why there is a need to make an ERC-20 compatible version of ETH.

How much is 1 weth? ›

Convert WETH to US Dollar (WETH to USD)

The price of converting 1 WETH (WETH) to USD is $3,196.94 today.

Does it cost gas to convert WETH to ETH? ›

The exchange rate is always 1:1. However, when converting WETH to ETH, you would still need to pay gas costs in ether. You'll see the estimated gas fees before signing the transaction. The exact cost would depend on how busy the Ethereum blockchain is.

What is the best way to cash out crypto to fiat? ›

Quick Answer: to convert crypto to fiat, you can follow these steps:
  1. Step 1: Choose a trusted crypto exchange that supports your coin.
  2. Step 2: Sign up for an account and verify your identity (if required).
  3. Step 3: Transfer your crypto from your wallet to the exchange's deposit address.

Can you sell crypto for fiat on MetaMask? ›

Easy and Direct Conversion: MetaMask's Sell feature enables you to cash out your crypto to fiat currencies with just a few clicks, offering a streamlined experience with minimal intermediaries. Integrated Buy and Sell Experience: With MetaMask, you can complete the crypto and cash cycle through one wallet.

Does MetaMask report to the IRS? ›

MetaMask itself does not report to the IRS or any tax authorities. However, it's important to note that individuals are generally responsible for reporting their cryptocurrency transactions and any resulting taxable events to the IRS or relevant tax authorities.

How do I withdraw crypto to my bank account? ›

The most straightforward way to withdraw crypto to a bank account is by selling it through a cryptocurrency exchange, peer-to-peer trading platform, or fintech company. This way, you convert the selected crypto to fiat and send money to your bank account.

How to withdraw crypto from crypto.com to bank account? ›

Open the Crypto.com App and go to "Accounts" Open your Crypto Wallet. Press the "Transfer" button. Press "Withdrawal"

How to convert crypto to fiat on trust wallet? ›

Trust Wallet doesn't directly allow converting cryptocurrency to fiat currency or withdrawing funds to a bank account. Users must transfer their funds to an external crypto exchange that offers fiat cashouts to withdraw money from Trust Wallet.

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