The MetaMask Swap feature is an effective option if you have ETH but need USDC or other coins for DeFi staking, or if you want to trade altcoins within your wallet. This tool allows you to exchange crypto without visiting external sites or approving untrusted transactions. We’ll teach you how you can swap coins in MetaMask wallets on the extension and mobile in this guide. We’ll also discuss fees and provide essential information to help you swap crypto in MetaMask confidently.

 

Why Swap Coins Inside MetaMask?

Swapping crypto in MetaMask allows you to trade tokens without giving control of your keys to exchanges. MetaMask is non-custodial, so your private keys remain secure while the wallet aggregates quotes from DEXs such as Uniswap to provide favorable rates.

Furthermore, the MetaMask swap feature is useful for users seeking a reliable, user-friendly, all-in-one crypto management platform. Users who swap coins in MetaMask wallets experience less complexity compared to managing trades directly on DEXs, while also streamlining approvals and potentially reducing gas costs.

 

Step-by-step: How to Swap Coins in MetaMask Wallet

Ready to swap tokens in MetaMask wallet? It’s a simple process, whether you’re on your laptop or phone. However, before you begin, ensure your MetaMask wallet is up to date to avoid glitches. Here’s how to use MetaMask Swap feature on your browser and mobile app.

 

Extension

Step 1: Open the MetaMask browser extension and log in to your account.

Step 2: Check the network dropdown at the top and ensure you’re on the correct account containing the funds you want to swap.

Step 3: Click the Swap button.

Step 4: Select the token you’re swapping (e.g., ETH) and enter the amount.

Step 5: Enter the token you want to swap to (e.g., USDC).

Step 6: Review the quote exchange rates, estimated output, and gas fee. If the token is volatile, you can tap the gear icon to tweak MetaMask Swap slippage (default is 2-3%). Click Swap to confirm.

 

Mobile App

Step 1: Sign in to your MetaMask mobile app account.

Step 2: Select the network you want to swap on (via the network dropdown at the top of the screen).

Step 3: Tap the Double arrow icon and the Swap to proceed.

Step 4: Select the token you want to swap (e.g., ETH) and enter the required amount.

Step 4: Select your desired token (e.g., LINEA).

Step 5: A preferred quote would be displayed for review. Once you’re sure everything is favorable, click Swap to confirm.

 

MetaMask Swap Fees

Two costs, network gas and service fees, are incurred when swapping crypto in MetaMask. Gas varies by the network or blockchain you use for the swap transaction. On the other hand, MetaMask charges a flat 0.875% service fee on swaps to fund the aggregation of DEXs like 1inch to get the best deals.

While the 2% default slippage protects against price swings during confirmation, switching to a higher slippage (e.g., 5%) for volatile coins or a lower one (e.g., 1%) for stablecoins may be best.

 

Final Thoughts

The feature to swap coins in MetaMask wallets provides a convenient tool for users to trade coins directly within their non-custodial wallet, saving time and costs. It manages the task of finding the best trading routes and protects against unfavorable prices when you swap coins. For those interested in using a direct DEX to explore lower fees, refer to our guide on how to use 1inch to swap tokens.

 

FAQs

1. Is MetaMask Swap safe?

Yes, MetaMask token swap is safe when using the official mobile app or browser extension. Also, it is non-custodial, so you need not worry about your private keys being exposed.

 

2. What networks support swapping crypto in MetaMask?

You can swap tokens in Ethereum, Polygon, BNB Chain, Arbitrum, Base, and 10+ other chains in the MetaMask wallet.

 

3. Is it better to swap or sell crypto?

Swaps are convenient and cost-effective. On the other hand, exchanges offer better liquidity, advanced trading tools, and security, but involve higher transaction fees and longer processes.