MetaMask Portfolio

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(Edited)

Metamask is one of the most widely used non-custodial Web 3 wallets for Ethereum and EVM-compatible chains and it seems to be continuously working to improve its userbase's experience by enabling various features and functionalities.

One of the most recent additions to the wallet is the sell ETH function (or the ability to cash out ETH to fiat) directly from the MetaMask Portfolio. But before that, let's take a little closer on what the portfolio is about, including its different features.



MetaMask Portfolio

If you have been using the wallet, you may have already known about the MetaMask Portfolio which launched last year.

It is an all-in-one decentralized application where you can perform various things like managing, viewing, or tracking your crypto assets, tokens, Decentralized Finance (DeFi) investments, and NFTs in one place.

Currently, the application supports multiple networks including Ethereum, Optimism, Avalanche, BNB Smart Chain (BSC), Fantom, Abritrum, Polygon, and Linea.

Portfolio Features

✅Track Assets

Users can watch and track their assets (tokens, NFTs, stablecoins) with real-time market data. There's a 'Token' tab that displays a wallet's holdings in various chains. Another tab for Non-Fungible Tokens (NFTs) and tab to view real-time transactions.

The application is pretty intuitive too allowing a better user experience. One can choose which currency for the portfolio value display and can even hide or show them. In addition, users can add multiple wallets to track or manage.

Buy Crypto with Fiat

This feature or service was launched about 5 months ago. Depending on the country of residence, Metamask offers various payment methods - Credit Card, Debit Card, Wire Transfer, CashApp, PayPal, etcetera.

That's a preview of buying ETH for UK residents. There are 2 available payment options including SEPA Bank Transfer (which takes around 1-5 days) and Debit/Credit Card (5-10 minutes). There are also aggregator quotes (refreshes every 30 seconds) showing the available on-ramp service providers and the expected amount of crypto you will receive.

Sell Crypto to Fiat

This is the most recent feature introduced and announced by MetaMask. Although it is currently available ONLY to the United Kingdom (UK), some states in the US (restrictions apply), Germany, Switzerland, and France.

The supported asset is only ETH on mainnet and they plan to expand to native gas tokens on Layer 2 networks soon and fiat currency USD, EURO, and GBP.¹

The minimum amount of ETH to sell is 0.01 and the function shows price quotes from various off-ramp providers, the fiat account destination (PayPal or bank account), and the available service providers. Once you select, you will be redirected to the provider's site to sign up and link your fiat account. Then you will be directed back to MetaMask Portfolio where you can perform the transaction and confirm it on your wallet.²

Depending on your chosen receiving option, the money may take a few days to get reflected in your account.

You can find the comprehensive guide to selling ETH here.

Bridge

Users can transfer their assets from one network to another. Supported chains at this time include Ethereum, Polygon, BNB Chain, Optimism, Arbitrum, and Avalanche.

The gas fees are automatically calculated and there's an option to select the bridge provider and the speed of the transaction.

Swap

Users can swap over 35 assets across different networks. There's a live quote overview of the asset that you wish to swap, including the estimated gas fee and the expected amount you would receive.


At the time of this writing, there are 6 supported networks (Ethereum, Polygon, Arbitrum, BNB Chain, Avalanche, and Optimism).

Stake

This feature is still in the Beta phase. Users can stake ETH through Lido and Rocket Pool (rETH, stETH) and Polygon (MATICX, stMATIC) and earn yields on them.

While staking on Metamask Portfolio can be easy and convenient, there are risks involved including unguaranteed staking rewards and loss of funds as indicated in the information.
You can find the details to staking on Metamask Portfolio in this guide.

✅Send

While this function or feature is available on the wallet, it is also accessible in the MetaMask Portfolio.

Users can conveniently and quickly send assets from their own wallets to another address (including ENS names).

✅Watchlist

You can create a watchlist to track your favorite tokens across various supported networks. You will be able to track the tokens based on your chosen currency, price changes, and market caps. It is easy to add tokens by using the search button (can remove them too by clicking on the star beside them).

Summary

MetaMask has its own portfolio tracker which allows users to manage, track, or watch their assets on different networks - all in one place.

The most recent function added to it is the sell ETH to fiat but it is only available to the UK, US and select European countries. This feature allows anyone in the supported countries to sell ETH and cash out directly to their bank accounts, PayPal any other supported gateways.

Other useful features of the portfolio include buying crypto directly from fiat (which supports most countries), swapping, sending, staking, and bridging different assets across various networks.

For information only. Sources: Metamask Portfolio / X / News / MetaMask Support

Lead image created on Canva. Logo from MetaMask. Screenshots linked directly to their sources. No copyright infringement intended. 07092023/10:20ph

Posted Using LeoFinance Alpha



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37 comments
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Undoubtedly some are very useful features that are adopting metamask, this makes its use more interesting, educate me a little about it with your article @ifarmgirl, have a great week.

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It's pretty interesting indeed. It's a good application, if I may say so.

Thanks a lot and happy new day to you :)

!PIZZA

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Thanks for sharing such great features. Though this left me thinking if all this features is found in the same meta wallet akp or another apk was created specially for all this ?.

Getting access your funds and funds related matters through different interface sounds cool, and it should practically be the custom of Dapps.

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They are accessible on desktop, using MetaMask browser extension. I didn't check if they are available on the mobile app though. I think it can be accessed on the app browser.

!PIZZA

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(Edited)

PIZZA!

$PIZZA slices delivered:
@ifarmgirl(1/5) tipped @djbravo
ifarmgirl tipped intishar
ifarmgirl tipped amestyj
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ifarmgirl tipped sholex94

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Metamask also has nice features too, I get to know this when I got registered few weeks ago. I'm finding it interesting to use.

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Good to know you find them nice and interesting. All the best!

!PIZZA

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ability to cash out ETH to fiat) directly from the MetaMask Portfolio.

That's great. I never heard about it before. So thanks for sharing this.

Metamask is one of the most popular in user friendly and I love using it. I also use it but I don't check it in regular basis. But one thing I must agree that MetaMask is trying trying their best to improve.

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It is indeed, although only available in select countries. Hopefully, it will add our countries :)

Indeed a user-friendly wallet. It is one I often use.

!PIZZA

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Thanks for sharing this information with us and have wonderful day.

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Metamask is improving user experience. That is good for the entire crypto ecosystem.

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It is indeed nice to see improvements being made to it. Hope the buy and sell option will expand to many countries.

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I dont really use metamask as I don’t really understand it. And honestly didn’t bother to learn. But your post has given much clarity on its features and how ai could give it utility. Thanks so much for sharing this.

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It is one of the user-friendly wallets to use in DeFi :) Thank you. I'm glad this post is helpful in a way to you :)

!CTP

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I still find it hard to understand how some transactions are done in the crypto market but I'm happy to have read about metamask from you today, now I have a little ideal of what it is.

Thank you so much for sharing with us this educating update !LADY

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I'm glad you find it educating, thank you Hope. We learn along the way and I believe you will be able to explore other crypto stuff too :)

Thank you !LADY ❤️

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Metamask is actually very good and it is funny how I have not used it for so long
I will download it again because it is useful

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Metamask din gamit ko pero di ko pa alam yan. Dun sa Mises Browser, naka-extension yung Metamask ko. Mas mabilis kaysa mismong app. Okay din ang OKX wallet.

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Now ko din lang narinig yang Mises browser :) Tagal ko na rin d ginamit yung OKX. Meta and XDeFi wallet ang madalas na ginagamit ko.

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MetaMask has more and more features, it really amazes me how so many things can fit into one browser extension. Obviously you can use the web version, but in general its development is going very well.

Thanks for bringing this information to us, I wasn't aware of all that MM had to offer.

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MM is getting more interesting with each functionality they are enabling. It now makes me anxious about what else is coming for this app :)

Thank you !LADY ❤️

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Good thing whenever new features like this comes people's interest increases.It is the most famous and oldest project within this project and people love to work on it.It is a very trusted project.

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The wallet is obviously useful and easy to use on different DeFi platforms. As to whether it is a very trusted app, I'm not 100% sure of that :)

!PIZZA

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