You can cash out your crypto assets using the MetaMask mobile or browser wallet. MetaMask’s “Sell” feature lets users quickly convert their crypto holdings into fiat currencies. This way, you can export crypto to a bank in your local currency to cover real-world expenses. In this guide, we’ll learn how to sell crypto on MetaMask and solve whatever problem you may face.
Where is the Sell Feature Available?
Before you sell crypto on MetaMask, it’s essential to know if the ‘Sell’ feature is available in your country. The feature, which relies on third-party partners like MoonPay and Transak, is currently available in the United States, the United Kingdom, and parts of Europe, with limited availability in other regions.
In this case, you can use MetaMask wallet alternatives or exchanges to trade your crypto for cash. Also, it is essential to know that not all tokens can be sold. Tokens with low liquidity, or those that are airdropped or obscure, may not have a market and could be scams. Always verify a token’s legitimacy and liquidity before attempting to cash out.
How to Sell Crypto Using MetaMask (Built-in Method)
The application is the fastest and safest way to sell your crypto holdings on MetaMask. MetaMask allows users to convert supported crypto (like ETH and certain stablecoins) directly into fiat via integrated off-ramp partners. Follow the steps below to sell crypto on MetaMask using the built-in Sell feature:
Step 1: Open your MetaMask wallet and tap the Sell option. If you’re using the desktop portfolio website, select Move crypto and then select Sell to begin.
Step 2: If this is your first time using the sell feature, click Get Started, then select your region. MetaMask will let you know if your area is not currently supported.
Step 3: Choose the token (e.g., ETH), input the amount you want to sell, and select your preferred quote.
Step 4: You’ll be redirected to the provider’s website, where you may have to complete KYC if you’ve never used their service before, and connect your bank account.
Step 5: Follow the prompts and confirm the trade in MetaMask.
If the Sell feature isn’t available in your region, the best alternative is through centralized exchanges. The process involves sending your crypto from MetaMask to an exchange using supported networks, then converting it to fiat. Selling through centralised exchanges is often useful for lesser-known tokens or when you need higher liquidity and better exchange rates. In regions where direct fiat withdrawals are limited, the best P2P exchanges offer an alternative by allowing you to sell crypto directly to other users and receive payment through local methods.
Troubleshooting Tips
Selling crypto on MetaMask might not always go smoothly. However, the common issues users face while selling crypto on MetaMask have been identified, and we have designed quick DIY tips for you to solve them.
Issue 1: Not All Tokens are Sellable
Solution: Some tokens, especially lesser-known, airdropped, or suspicious assets, cannot be sold due to little to no liquidity. Be careful when dealing with tokens like this, as some assets may be airdropped into your account via malicious websites. Always check the token’s availability on CoinGecko or CoinMarketCap before cashing out.
Issue 2: Country not Supported
Solution: If you want to sell ETH or USDC and your country isn’t supported, MetaMask’s fiat partners don’t extend their services to your region. To sell cryptocurrencies when faced with this challenge, send the tokens from MetaMask directly to centralized exchanges, where you can sell and export crypto to local banks.
Bottom Line
Selling crypto has become much easier thanks to MetaMask’s built-in off-ramp crypto trading features. Trying the in-app Sell feature simplifies your cash out if you’re in a supported country and holding tokens like ETH or USDC. On the other hand, users in unsupported regions can transfer their funds to preferred exchanges to sell for fiat. Also, stay alert against malicious tokens and always confirm availability before cashing out.
FAQs
1. Are there fees when selling crypto on MetaMask?
Off-ramp crypto providers charge service fees, and network (gas) fees may apply. MetaMask displays the required fee for every transaction before confirming it. Review before proceeding.
2. How to get cash into MetaMask
MetaMask can receive funds from any external or web3 wallet. Similar to transfers from exchanges, you need to provide your MetaMask wallet address to the sender. After the funds are sent, they will appear in your MetaMask wallet once the blockchain processes the transaction.
3. Is it safe to sell on MetaMask?
Yes, MetaMask is among the most secure cryptocurrency wallets, with highly secure transactions.
4. How do I make money from MetaMask?
MetaMask users can engage in staking programs to earn passive income from Web3. MetaMask offers pooled, validator, and liquid staking features that everyone can benefit from.
5. Can I reverse a MetaMask transaction?
Once a transaction is completed and confirmed on MetaMask, it cannot be reversed. MetaMask, as a non-custodial wallet, does not use or control user funds and, therefore, cannot process refunds for sent transactions or lost assets.
