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How to sell crypto via MetaMask: A beginner’s guide to cashing out
- Not all tokens can be sold immediately, especially airdropped or obscure tokens that may lack liquidity or be scams.
- Swapping and bridging may be necessary to sell tokens via MetaMask, converting them to ETH or stablecoins and bridging to the Ethereum mainnet.
- MetaMask integrates fiat off-ramps, allowing users to sell ETH directly, but KYC with third-party providers may be required.
- Non-KYC and P2P options like Bisq or LocalCoinSwap exist for trading without ID, but caution is advised due to higher risks.
- Various ways may lead to having different cryptocurrencies in a MetaMask wallet, such as receiving tokens as payment or from DeFi activities.
- Before selling tokens on MetaMask, check if airdropped tokens can be sold, add missing tokens manually, and be ready to swap or bridge them for cash.
- Selling crypto via MetaMask involves using the application's Portfolio feature, choosing a payout method, comparing offers, and completing the sale process.
- Consider withdrawing crypto through centralized exchanges like Coinbase, ensuring KYC verification and paying attention to fees and withdrawal limits.
- Alternatively, peer-to-peer (P2P) trading on platforms like Binance can be done with KYC and escrow protection, providing a direct exchange with other users.
- For those seeking non-KYC options, decentralized P2P platforms like LocalCoinSwap or Bisq offer privacy-focused trading, but caution and due diligence are necessary.
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