MetaMask Drops New Feature: Users Can Cash Out Crypto via Bank or PayPal

It has been just revealed the fact that MetaMask is unveiling a new feature that lets users cash out via two ways. They can get their money out via bank accounts or PayPal. Check out more details about the matter below.

A popular crypto wallet app with more than 22.66 million downloads has launched a new feature that enables users to withdraw their funds.

According to a statement by MetaMask, the new “sell” feature allows users to convert their Ethereum (ETH) into the US dollar, euro or British pound, depending on their location.

Users can do this by sending the crypto directly to their bank or Paypal account. MetaMask has partnered with a number of vetted providers to present users with various real-time options to convert their ETH to fiat currency.

This ensures that users have a range of options to choose from, all of which meet MetaMask’s high standards.

To sell crypto in the MetaMask Portfolio, users must first verify their accounts. It may take several days for the funds to appear in their balance, and the exact processing time depends on the provider.

Currently, the sell feature is only available for Ethereum, but MetaMask plans to add support for gas tokens on layer-2 networks soon.

This service is currently limited to the US, UK, and some parts of Europe, but MetaMask aims to make it available in other regions in the future.

It’s been just revealed that MetaMask addressed the hacking of its ETH wallet.

According to the latest reports coming from the online publication the Daily Hodl, the crypto wallet MetaMask is addressing recent reports of Ethereum (ETH) wallets being hacked for millions of dollars, saying that the attacks are not related to weaknesses in the company’s software.

Earlier this week, Taylor Monahan, CEO of Ethereum-focused wallet MyCrypto, said in a lengthy thread that she had uncovered a “massive wallet draining operation,” which saw 5,000 ETH siphoned across 11 different chains since December 2022.