MetaMask supports withdrawing fiat currency to bank accounts, available only in certain regions in the UK, US, and parts of Europe.
The self-custody wallet MetaMask announced on the fifth day the launch of a new "Sell" feature, allowing users to sell digital assets for fiat currency and have it deposited directly into their bank accounts.
Looking back at MetaMask's integrated buying feature
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MetaMask Supports Fiat Withdrawals to Bank Accounts
Initially, this feature only supports ETH on the Ethereum network, with plans to include L2 tokens in the future; fiat currencies supported are USD, EUR, and GBP.
According to MetaMask's instructions, you can withdraw funds to your bank account by following these steps:
- Connect MetaMask to portfolio.metamask.io
- Click on " Sell " and select your region
- Choose the token to sell and the blockchain network (e.g., ETH on Ethereum)
- Select a fiat account available in your location (e.g., bank account or PayPal balance)
- Enter the amount of cryptocurrency to sell (e.g., 0.5 ETH)
- Choose real-time quotes from different providers; providers will guide you to register and connect your fiat account
- Select "Send ETH to Provider" to transfer the sold fiat to the fiat account
- Confirm the transaction in MetaMask
- You can track orders in the "Sell" option as processing times may vary depending on the merchant
For more information, you can visit MetaMask's exploration interface: https://metamask.io/portfolio/
MetaMask Fiat Withdrawals Limited to Certain Regions in the UK, Europe, and the US
Currently, only France, Germany, Switzerland, the UK, and the US support MetaMask's fiat withdrawals, with providers being MoonPay and Transak; expansion to other regions is still in progress:
