MetaMask launches buy crypto feature to simplify crypto purchases with fiat
The new service will be available to users in over 189 countries, and it offers more than 90 tokens across 8 different networks
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MetaMask, a company that provides crypto wallets and decentralised applications, has introduced a new feature in its Portfolio Dapp that enables users to buy crypto with fiat directly. The goal of this new feature is to make it simpler for users to purchase crypto using traditional currency.
The new Buy Crypto feature allows its users to buy different cryptos using different payment methods such as debit/credit cards, PayPal, bank transfers, and instant ACH. This new service will be available to users in over 189 countries, and it offers more than 90 tokens across 8 different networks, including Ethereum, Avalanche Contract Chain, Polygon, Arbitrum, BNB Smart Chain, Fantom, Optimis, and Celo.
To use the Buy Crypto feature in MetaMask, users need to click on the Buy button in the MetaMask extension wallet or connect their wallets to the Portfolio Dapp. They can then choose their payment method, token, and network, as well as their location, which affects the price quote provided.
After selecting a quote, users will be directed to a third-party website to complete the transaction. Once the purchase is complete, the crypto will be deposited directly into the user's wallet.
MetaMask has collaborated with various organisations over the years to facilitate the onboarding of new users to its platform.
