MetaMask introduces a convenient "Buy Crypto" function for a seamless fiat-to-crypto purchasing experience.
MetaMask, a popular cryptocurrency wallet and decentralized application (dApp) provider, has revealed a new feature aimed at simplifying the process of acquiring cryptocurrencies using fiat currency within its Portfolio dApp.
The recently launched "Buy Crypto" feature empowers MetaMask users to purchase a diverse selection of over 90 tokens across eight different networks, including Ethereum, Polygon, Arbitrum, BNB Smart Chain, Avalanche Contract Chain, Fantom, Optimis, and Celo.
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The feature supports a variety of payment methods, including debit or credit cards, PayPal, bank transfers, and instant ACH (Automated Clearing House). The service will be accessible to users in more than 189 countries.
To utilize the new feature, users can link their MetaMask wallets to the Portfolio dApp or click the "Buy" button within the MetaMask extension wallet. Subsequently, they can choose the specific token and network for their purchase, as well as the payment method.
In order to generate a personalized quote for each transaction, the "Buy Crypto" function considers numerous factors, including the user's location and local regulations.
MetaMask's introduction of the "Buy Crypto" feature marks a significant step forward in streamlining the process of purchasing cryptocurrencies with fiat currency. By offering a more convenient and user-friendly experience, this development is likely to attract even more cryptocurrency enthusiasts to the platform.
In other MetaMask-related news at the end of March, the company alerted its customers about "false rumors" surrounding a supposed MetaMask airdrop. In the statement, MetaMask noted that "these rumors are not only false, but they are dangerous. They create opportunities for scammers and phishers."