Have you tried selling your crypto using metamask?

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The world of crypto is evolving and so are the services being offered by various wallets and service providers.

That best part is that wallets are getting more comprehensive in terms of the services they provide.

Coming to think of it when metamask wallet got started all that it could do was to store your crypto.

It was mainly an ETH centric wallet and as blockchains grew one could add networks manually and it felt quite nerdy to do that.

Then metamask started giving its users added features like adding networks by choosing them from a list and it sure took away the nerdy part of the process and made it super noob friendly.

Being able to swap tokens gave it the functionality of a full fledged dex.

The ability to tweak the gas fee did win it quite a few fans.

source: Metamask wallet

Metamask keeps getting better with time

Some wallets failed to evolve and fell off the radar but Metamask is not one of them.

Over the years more and more features got added to this multifaceted wallet.
It has been growing the bouquet of services and the users love to make the most of its features.

Buying crypto from Metamask

A lot of users have already seen and used the buy feature.
In a lot of ways all these features of a self custody decentralized wallet are providing services that are being provided by a centralized exchange and on ramp provider.

Selling crypto to fiat is an added functionality for Metamask

Now users would be able to sell their crypto and get the equivalent fiat currency in return.

This functionality is being added to the Metamask dashboard.

When I was checking the Metamask extension I see the option to Buy, Send ,Swap and bridge crypto.

It also lets its users view and track their portfolio and this is a very nifty tool to have within your wallet.

However in case you click on the buy option the metamask wallet takes you to another interface
https://portfolio.metamask.io/buy

This interface lets you buy crypto by selecting 8 different blockchains and more than 75 tokens.
This is quite an interesting and convenient option to buy crypto with fiat.
For this it uses a third party service provider.
A user would need to check the rates and availability of the service in their respective countries.

source: Metamask wallet

Selling crypto for fiat

If a user browses through the left menu assuming you are on a computer you would find the sell option.
This sell option lets you sell your crypto for fiat currency.

The Metamask has now a built in sell feature that a user can use to see his crypto for a selected few fiat currencies.
The fiat currencies supported are

• USD,
• EUR and
• GBP

Looking at this feature one can tell that users in USA, UK and parts of Europe would be able to use the sell feature.

Even with the limited regions being supported at the time of this rollout one can see that metamask is trying to create an ecosystem where it offers an entire bouquet of services to its users.

Currently the sell feature is limited to ETH on the ETH mainnet as things advance the team would extend its services to other layer 2 networks and tokens on these blockchains.

source: Metamask wallet

Before you get all excited and charged up

One has to be located in the above regions of the world to be able to use this feature. However surely the regions being serviced would go up over a period of time.

A welcome change for all crypto users.

Imagine a scenario where a user need not switch apps or visit different exchanges and on ramp and off ramp platforms to move from fiat to crypto and the other way round.
Provided the law of your land allows it may soon be possible to carry out all your transactions from a single app interface.

A welcome change for web 3.0

This welcome change could help people adopt web 3.0 with greater ease and focus on social interactions more rather than worrying about mundane things like crypto transactions.

Talking of web 3.0 and transactions one has to talk about hive and leofinance.io and how easy it is getting started with web 3.0 using the hive blockchain.

The zero gas fee hive blockchain means wallet to wallet transfers of hive, HBD, leo and other layer 2 tokens is carried out by fast and gas free transactions.

Thus if you are not already on hive then make sure to use the easy onboarding provided by leofiance.io to get onto hive and start your web 3.0 journey.

Posted Using LeoFinance Alpha