How to sell crypto via MetaMask: A beginner’s guide to cashing out
This guide outlines methods to sell cryptocurrencies through MetaMask, noting that not all tokens can be immediately converted due to liquidity issues. Airdropped tokens, for instance, may not yet be sellable. To sell, users often need to swap lesser-known tokens for ETH or stablecoins, then bridge them to the Ethereum mainnet. MetaMask enables users to sell ETH directly via third-party providers, though this process may require KYC verification. Non-KYC options exist through platforms like Bisq and LocalCoinSwap, but come with higher risks. For those preferring centralized exchanges, Coinbase offers a user-friendly platform for cashing out, requiring KYC for fiat withdrawals. Another method discussed involves cryptocurrency ATMs. Users should also be aware that selling crypto typically incurs tax implications, as it’s treated similar to selling property. Maintaining detailed records of transactions can simplify tax reporting. Users are advised to stay informed about local regulations regarding cryptocurrency taxation.
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