MetaMask Launches “Purchase Crypto” Function to Simplify Crypto Purchases

MetaMask, the popular Ethereum wallet and decentralized application (dApp) aggregator, has announced the launch of a new function in its Portfolio Dapp. It enables users to purchase cryptocurrency with fiat currency. The new feature, called Purchase Crypto, will allow users to buy cryptocurrency with a debit card or credit card, bank transfer, PayPal, or instant ACH transfer.

MetaMask’s Portfolio Dapp Offers 90+ Tokens on 8 Different Networks for Purchase

The Portfolio Dapp’s Purchase Crypto function will simplify the purchasing process for users. The availability of different payment options will vary depending on the user’s region, but the platform offers the option of paying with a debit or credit card, PayPal, an instant ACH transfer, or a bank transfer. MetaMask plans to add a variety of other payment options in the future.

The Portfolio Dapp offers more than 90 tokens for purchase on eight different networks. It includes Ethereum, Polygon, Binance Smart Chain, Optimism, Arbitrum, Fantom, Avalanche Contract Chain, and Celo. The amount of cryptocurrency a user can purchase may be subject to order restrictions. It depends on the area they choose and the different KYC rules that apply in that country.

MetaMask Partners with Companies Worldwide to Make Web3 Accessible

MetaMask has been working with various companies over the past year to simplify the onboarding process. It includes PayPal, Sardine Banxa, Mercuryo, Transak, MoonPay, and Onramp.money. The aggregator can be accessed by directly connecting to the Portfolio dApp or selecting the BUY button in the MetaMask extension wallet. It will redirect users to portfolio.metamask.io.

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To purchase cryptocurrency, users simply need to connect their MetaMask wallet to portfolio.metamask.io, click the “Purchase” button, choose their area from the menu, select their mode of payment, and choose the token they wish to purchase. The user will be provided with all of the different possible provider quotations. They will need to choose one to move forward. The user will then be securely redirected to the provider’s website to complete the purchase. The funds will be deposited in their MetaMask wallet.

The launch of the Purchase Crypto function is part of MetaMask’s efforts to improve the lives of people who use its platform. MetaMask has been on a mission to partner with providers all over the world to make Web3 accessible to anyone. With the new feature, users can easily and securely purchase cryptocurrency with fiat currency, making it easier for them to participate in the decentralized economy.