Getting, trading, or receiving cryptocurrency can be exciting, especially when it arrives in your MetaMask wallet. But what do you do when you want to turn those coins into real money? Paying yourself with niche tokens on Web3, farming DeFi, or getting airdrops can make paying out difficult if you don’t know what to do. This guide will show you how to sell your cryptocurrency using MetaMask and other valuable tools, with or without KYC.
- Not All Tokens Sell Instantly
Understanding your tokens before you try to sell them is very important. Many airdropped or project-specific tokens can’t be sold because they aren’t listed on any markets or have enough value. MetaMask may show a price, but that price doesn’t mean anything if there are no takers. If your tokens aren’t in your wallet, you might have to add them by hand using the contract address from Etherscan or the project’s main page.
- Swap and Bridge Before Selling
You can’t sell most small-cap or obscure tokens straight for cash. First, you may need to exchange them for ETH or a stablecoin like USDC. You can do this with a DEX (like Uniswap) or MetaMask’s built-in tools. You’ll also need to connect things that live on chains like Polygon or Arbitrum to the Ethereum mainnet.
- MetaMask Fiat Off-Ramp
MetaMask’s Portfolio feature allows you to sell ETH straight on the Ethereum mainnet. To sell, all you must do is click “Buy & Sell” and then “Move Crypto” and “Sell.” Choose your country and the fiat currency you want to use to see a list of third-party services like MoonPay, Transak, or Sardine.
- Centralised Exchanges & Non-KYC P2P
Want to go a different way? You can send your cryptocurrency to a centralized exchange like Coinbase, sell it, and get cash back. You can also use peer-to-peer platforms like Binance P2P (with KYC) or decentralized choices like Bisq and LocalCoinSwap to cash out without going through KYC and protecting your privacy.
Conclusion
It doesn’t have to be hard to sell crypto through MetaMask. It’s easier to cash out when you know your choices, whether you use Metamask’s built-in off-ramp, a centralized exchange, or private peer-to-peer trades.
