Metamask Brings Out New Fiat-To-Crypto Feature

Photo of author

By A D

Metamask, the popular web3 wallet, has recently launched a “Buy Crypto” feature that allows users to purchase cryptocurrencies directly from the Metamask interface using fiat currency. With the new feature, users can use fiat money to purchase over 90 tokens across eight networks. Users can select from a variety of payment methods, including debit or credit cards, PayPal, bank transfers, and instant ACH, depending on their area.

Metamask has also recently added NFT features to its interface, allowing users to easily manage and view their NFT collections. This is another significant development in the world of cryptocurrencies, as NFTs have become increasingly popular in recent years and are now a major part of the crypto ecosystem.

This new fiat-to-crypto feature is being considered a significant step forward in the adoption of cryptocurrencies, as it makes it much easier for people who are not familiar with cryptocurrency exchanges or who do not have a lot of experience with cryptocurrencies to invest in them. By allowing users to purchase cryptocurrencies directly from their Metamask wallet using fiat currency, Metamask has made the process of buying cryptocurrencies much more accessible and streamlined.

the metamask interface has added new features to buy cypto with fiat directly

Steps to use the new feature on Metamask,

  • To use the new transaction feature, users simply need to log into their Metamask wallet and click on the “Buy” button.
  • The user will be redirected to the Portfolio Dapp, where they can connect their wallet.
    From there, they will be able to choose from a variety of different cryptocurrencies, including Bitcoin, Ethereum, and a number of other altcoins. Users will also be able to choose the amount of cryptocurrency they want to purchase and the fiat currency they want to use.
  • Upon specifying the amount of crypto to be bought and the method of payment, the user will get quotes according to their location.
  • Once the preferred option is chosen, the user will be directed to a secure payment page where they can enter their payment information.
  • Upon completion of payment, the purchased cryptocurrency will be added to the user’s Metamask wallet.

Leave a Comment