MetaMask Portfolio recently announced the launch of its new Sell feature. The function will allow MetaMask wallet owners to cash out their Ether in one click.
With the new feature, users can convert their holdings into fiat currencies. Currently, MetaMask has only announced support for Euros, British Pounds, and US dollars. Moreover, users can only cash out ETH in the initial phase.
MetaMask is set to roll out support for more assets and L2 networks in the coming months. No official announcement has been made regarding the networks and assets yet. However, MetaMask has confirmed that users in the UK, the US, and several parts of Europe can cash out their ETH to a bank or PayPal account.
Banxa, Sardine, Transak, and MoonPay are the four announced crypto-fiat off-ramps working with MetaMask. Users trying to sell Ether will get a real-time quote on these services.
After a user chooses the provider, they will reach the website. Here, they will be asked to link a bank account. After confirming the MetaMask wallet, their funds will be transferred in a few days.
MetaMask has been working on its portfolio platform for a while. That is why the much-anticipated news intrigued many users. They looked for the latest MetaMask reviews to comprehend how the feature will change the operations.
MetaMask recently rolled out a Swaps feature that accumulates asset prices throughout different DEXs, helping users to trade coins. The platform has been on a roll as it expanded its reach from retail customers to institutions and companies back in March.
It released a new platform on Ethereum after the Merge to help users stake on Ethereum. Since the development was a hit, MetaMask is expecting the Sell feature also to yield a positive response from users.