MetaMask launches direct fiat-to-crypto on-ramp service

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MetaMask has launched a new feature to allow users to buy crypto with fiat directly from their wallet.

The Buy Crypto feature is part of the Portfolio Dapp and users can now use local payment methods to buy around 90 cryptocurrencies by connecting their MetaMask wallet.

MetaMasks Buy Crypto Option

MetaMask said the service is live and supported in 189 countries. However, there is a limit to the amount Users can purchase through the Service based on applicable laws in their region. The feature is also live on its browser app.

The feature currently supports eight networks, namely Ethereum, Polygon, Optimism, Arbitrum, Binance Smart Chain, Avalanche Contract Chain, Fantom, and Celo.

Fiat payment methods include debit and credit cards, bank transfers, PayPal and Instant ACH at the moment, with more options to be added soon.

MetaMask said it wants to give users the best quote for buying cryptocurrency and the service will offer multiple options for users through different providers.

Users can choose the payment method and the price at which they wish to buy the cryptocurrency.

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