IntoTheBlock data shows large transaction volume increasing by 7.5% and daily active addresses falling by 6%. Transactions greater than $100,000 are down from 10,387 to 10,152 in a single day. Exchanges netflows are up by 19.4%.
Coinglass data reports 194,417 traders were liquidated in the past 24 hours for $527.37 million.
Not all tokens can be sold immediately. Airdropped or obscure tokens may lack liquidity or could be scams, so it’s important to check before attempting to cash out.
Swapping and bridging may be required. To sell, you might need to convert tokens to ETH or stablecoins and bridge them to the Ethereum mainnet.
MetaMask integrates fiat off-ramps. You can use the MetaMask Portfolio to sell ETH directly, but be prepared for KYC with third-party providers.
Non-KYC and P2P options exist. Platforms like Bisq or LocalCoinSwap allow trading without ID, but they carry more risk and require caution.
There are plenty of ways you might end up with a mix of different cryptocurrencies sitting in your MetaMask wallet.
Maybe you work in Web3 — as a developer, copywriter or designer — and your client paid you in their project’s native token.
Or maybe you’re part of a Bitcoin mining pool and occasionally receive rewards straight to your wallet.
Whatever the case, you’ve got crypto in your MetaMask — and now you want to turn it into cash.
In this guide, you’ll learn all the ways you can sell your crypto and withdraw the funds to your bank account or even in cash — whether you’re going through official Know Your Customer (KYC) channels or sticking to more private, non-KYC routes.
Things to know before selling tokens on MetaMask
Before you can turn your tokens into cash, there are a few things you need to get sorted in MetaMask because “not all tokens are created equal.” It’s not always as simple as hitting a “sell” button — especially if you’ve just received tokens via an airdrop or from a lesser-known project.
1. Why some airdropped tokens can’t be sold (yet)
Just because a token shows up in your wallet doesn’t mean it’s ready to be sold. In fact, many airdropped tokens aren’t listed on exchanges at all. That means there’s no market where you can sell them — not yet, anyway. You might see a price attached to the token, but without buyers or liquidity, that value isn’t something you can actually realize right now. So, while it’s great to receive free tokens, they may end up sitting idle in your wallet for a while.
Did you know? If you see a “100% sell fee detected” warning on a token, it’s likely a scam. Scammers airdrop these tokens, hoping you’ll try to sell or interact with them. But when you do, the smart contract takes the full amount — leaving you with nothing. Worse, some link to fake decentralized applications (DApps) that ask you to “claim” or “unlock” the tokens. Connecting your wallet or signing a transaction there can let scammers drain your real assets.
2. Adding missing tokens to your wallet
Sometimes, you’ll receive tokens that don’t even show up in MetaMask at first. That doesn’t mean they’re not there — it just means MetaMask doesn’t recognize them by default. You’ll need to add them manually by grabbing the token’s contract address (usually from the project’s official site or Etherscan) and importing it into your wallet. Once you do that, your balance will show up properly.
Similarly, if you want to receive any asset other than Ether (ETH), the “Import Tokens” option lets you manually add these missing tokens so they show up in the assets list.
3. Getting ready to swap or bridge
Even if your tokens are visible in MetaMask and technically have value, that doesn’t always mean you can sell them for cash right away. Many smaller or newer tokens don’t have direct fiat trading pairs — so you won’t be able to exchange them straight into dollars or euros.
To get around this, you’ll usually need to swap them for something more liquid, like ETH or a stablecoin such as USDC (USDC), which are more commonly supported by fiat off-ramps.
In some cases, your tokens might also be sitting on a different blockchain — like Arbitrum, BNB Chain or Polygon — while most fiat withdrawal options only support Ethereum mainnet. When that’s the case, you’ll need to bridge your tokens over to Ethereum before you can sell them.
One way to handle both of these steps — swapping and bridging — is by using platforms that combine them into a single flow. For example, with Symbiosis.finance, you can swap a token on one chain and receive a more widely accepted token on Ethereum, all in one transaction. This can save you a few steps and reduce the chance of user error when hopping between tools.
How to sell crypto with MetaMask
The simplest way to sell crypto that you hold on MetaMask is by using the application itself. Here’s what to do:
Open MetaMask portfolio: In your MetaMask extension or app, click the “Buy & Sell” button. This will take you to the MetaMask Portfolio site, where you can manage all your assets and begin the selling process.
Start the sale process: Click on “Move crypto” at the top of the page and select “Sell” from the dropdown options.
Choose your region and currency: MetaMask will ask for your country of residence and preferred fiat currency. This step ensures you’re shown accurate provider options and payout methods available in your area.
Enter sale amount: Select Ether and enter how much you’d like to convert.
Pick a payout option: Next, choose where you want the fiat to go. Depending on your region and provider availability, you might be able to send it to a bank account, PayPal or another method.
Compare offers: MetaMask aggregates offers from several third-party providers (like MoonPay, Transak, Sardine, etc.), showing you real-time exchange rates, fees and estimated payout times. Take a moment to compare and pick the best option for you.
Complete the sale: Once you’ve chosen a provider, MetaMask will guide you through sending the crypto. You’ll confirm the transaction in your wallet, and the funds will be transferred to the provider, who handles the fiat payout.
There are two things to keep in mind when using the MetaMask application:
Firstly, while the application itself might not ask you for KYC, the third-party providers will. So, expect to get your documents ready for this one.
Secondly, MetaMask’s sell feature only supports ETH on the Ethereum mainnet. This is where the bridging will come in as was explained earlier.
Withdrawing crypto via centralized exchanges
If you’d rather cash out your crypto through a centralized exchange, Coinbase is a popular option. It’s beginner-friendly, offers fiat withdrawals, and supports a wide range of assets. Just note: You’ll need to complete KYC verification before withdrawing any fiat.
Here’s how to do it, step by step:
1. Send crypto from MetaMask to Coinbase
First things first: You’ll need to move your funds from MetaMask to Coinbase.
Log in to your Coinbase account and hit “Send & Receive” at the top.
Switch to the “Receive” tab, pick the crypto you’re sending (like ETH or USDC), and copy the wallet address Coinbase gives you.
Make sure the network matches — for example, if you’re sending ETH, it should be on the Ethereum (ERC-20) network.
Now open MetaMask:
Click “Send,” paste in that Coinbase address, and enter how much you want to transfer.
Double-check the network — if you send it to the wrong one, your funds could disappear.
Hit “Confirm,” and your crypto should show up in Coinbase after a few minutes.
2. Sell crypto for fiat on Coinbase
Once your funds land in Coinbase, it’s time to cash out.
Head to “Buy & Sell” at the top and switch to the “Sell” tab.
Choose the crypto you just received and decide how much you want to sell.
Pick where you want the money to go — like your linked bank account, PayPal or your Coinbase balance.
Review the details (including any fees), then hit “Sell.”
Did you know? When withdrawing via centralized exchanges, be cautious of minimum withdrawal amounts and any associated fees. Check these details in advance to make sure the limits and costs are acceptable to you before committing to this route.
Peer-to-peer with KYC
With peer-to-peer (P2P), you’re not selling your crypto to the exchange. Instead, you’re selling it to another user. You choose a buyer based on their offer and preferred payment method (like bank transfer, Revolut, Wise, etc.). Once they send the money to your account, you release the crypto to them. The platform holds your crypto in escrow during the process, so no one can just disappear with your funds.
With centralized exchanges, you’ll have to complete KYC before you’re able to trade in this manner.
Selling via P2P on Binance
Go to Trade > P2P.
Choose the coin you want to sell and browse the list of available buyers.
Select a deal, confirm the order, and wait for the buyer to make the payment.
Once the payment has arrived in your account, confirm it and release the crypto from escrow.
Did you know? Some peer-to-peer (P2P) cryptocurrency exchanges offer a “cash by mail” option, allowing users to send physical cash through postal services or couriers to settle transactions.
Cashing out of your MetaMask wallet without KYC
For those looking to convert cryptocurrency from their MetaMask wallet to fiat currency without undergoing Know Your Customer (KYC) verification, there are still a few viable paths.
Decentralized P2P platforms let you trade directly with other users, much like their centralized counterparts, though often with minimal or no KYC requirements.
LocalCoinSwap: A non-custodial P2P marketplace that supports a wide range of cryptocurrencies and payment methods, including cash. It offers escrow protection and emphasizes privacy.
Bisq: A fully decentralized exchange that supports a variety of cryptocurrencies, including Bitcoin and Monero (XMR). It runs on a peer-to-peer protocol and doesn’t require user accounts or KYC.
However, without KYC, you’re responsible for vetting the person you’re trading with. Check their reputation, review any available trade history, and always follow platform safety guidelines.
Using cryptocurrency ATMs to withdraw crypto from MetaMask
Withdrawing funds from your MetaMask wallet using cryptocurrency ATMs — often referred to as Bitcoin ATMs — is an option that allows you to convert your digital assets into cash. Here’s how you can approach this method:
Locate a cryptocurrency ATM: Begin by finding a cryptocurrency ATM in your vicinity. Websites like CoinATMRadar provide directories of Bitcoin ATM locations worldwide, detailing the services they offer and the cryptocurrencies they support.
Prepare your MetaMask wallet: Ensure that the cryptocurrency you intend to withdraw is supported by the ATM. Bitcoin ATMs predominantly support Bitcoin (BTC), so you may need to use a decentralized exchange (DEX) to swap your current tokens for BTC within your MetaMask wallet. Be mindful of transaction fees and exchange rates during this process.
Initiate the withdrawal process: At the ATM, select the option to withdraw cash. The machine will prompt you to specify the amount you wish to withdraw and provide a QR code representing the ATM’s wallet address.
Transfer funds from MetaMask: Using your MetaMask wallet, scan the QR code provided by the ATM to input the recipient address accurately. Enter the exact amount of cryptocurrency required and confirm the transaction. Be aware that network congestion can affect transaction times.
Collect your cash: Once the blockchain confirms the transaction, the ATM will dispense the equivalent amount in cash, minus any applicable fees. This process can take anywhere from a few minutes to longer, depending on network conditions.
When using crypto ATMs, you should expect very high fees, and while small transactions don’t usually require KYC, larger ones still might.
Are MetaMask crypto transactions taxable?
Taxes aren’t the most exciting topic, but they matter when converting crypto from a MetaMask wallet into fiat. Selling crypto, whether through MetaMask, an exchange or a P2P deal, may trigger a taxable event, and understanding the applicable rules is essential.
Selling crypto = possibly taxable
In most countries, including the US, selling crypto for fiat (like US dollars, euros, etc.) is treated like selling property. That means if you bought ETH at $1,000 and sold it later for $1,500, you’ve made a $500 capital gain — and that’s usually taxable.
Even swapping one crypto for another (say, ETH for USDC) can trigger the same kind of tax obligation, even if no fiat is involved. So, yeah, it’s not just cashing out that counts — any trade can be reportable.
To stay on top of it, keep a record of:
When you bought and sold each asset
How much you bought and/or sold
What it was worth in fiat at the time
Any fees paid along the way.
These details make life way easier when tax season rolls around — or if your accountant gives you that look.
Know your local rules
Crypto laws aren’t one-size-fits-all. Every country has its own stance, and even within the same country, rules can vary depending on how you’re using crypto.
In the US, for example, selling crypto could fall under capital gains tax rules or even money transmission laws, depending on how you’re moving the funds. Other countries might have more lenient — or much stricter — regulations.
So, here’s what to do:
Look up your local crypto tax laws (even if they seem vague or outdated).
Stay current — regulations are evolving fast.
Talk to a pro if you’re unsure. A crypto-savvy accountant or legal adviser can help you avoid nasty surprises.
Even if you’re using non-KYC methods or decentralized tools, tax authorities may still expect a full report. Being proactive about it will save you headaches later — and might even save you money.
On April 3, yields on long-term US government debt fell to their lowest levels in six months as investors reacted to growing concerns over the global trade war and the weakening of the US dollar. The yield on the 10-year Treasury note briefly touched 4.0%, down from 4.4% a week earlier, signaling strong demand from buyers.
US 10-year Treasury yield (left) vs. Bitcoin/USD (right). Source: TradingView / Cointelegraph
At first glance, a higher risk of economic recession may seem negative for Bitcoin (BTC). However, lower returns from fixed-income investments encourage allocations to alternative assets, including cryptocurrencies. Over time, traders are likely to reduce exposure to bonds, particularly if inflation rises. As a result, the path to a Bitcoin all-time high in 2025 remains plausible.
Tariffs create ‘supply shock’ in the US and impact inflation and fixed-income returns
One could argue that the recently announced US import tariffs negatively impact corporate profitability, forcing some companies to deleverage and, in turn, reducing market liquidity. Ultimately, any measure that increases risk aversion tends to have a short-term negative effect on Bitcoin, particularly given its strong correlation with the S&P 500 index.
Axel Merk, chief investment officer and portfolio manager at Merk Investments, said that tariffs create a “supply shock,” meaning the reduced availability of goods and services due to rising prices causes an imbalance relative to demand. This effect is amplified if interest rates are declining, potentially paving the way for inflationary pressure.
Even if one does not view Bitcoin as a hedge against inflation, the appeal of fixed-income investments diminishes significantly in such a scenario. Moreover, if just 5% of the world’s $140 trillion bond market seeks higher returns elsewhere, it could translate into $7 trillion in potential inflows into stocks, commodities, real estate, gold, and Bitcoin.
Weaker US dollar amid gold all-time highs favors alternative assets
Gold surged to a $21 trillion market capitalization as it made consecutive all-time highs, and it still has the potential for significant price upside. Higher prices allow previously unprofitable mining operations to resume and it encourages further investment in exploration, extraction, and refining. As production expands, the supply growth will naturally act as a limiting factor on gold’s long-term bull run.
Regardless of trends in US interest rates, the US dollar has weakened against a basket of foreign currencies, as measured by the DXY Index. On April 3, the index dropped to 102, its lowest level in six months. A decline in confidence in the US dollar, even in relative terms, could encourage other nations to explore alternative stores of value, including Bitcoin.
US Dollar Index (DXY). Source: TradingView / Cointelegraph
This transition does not happen overnight, but the trade war could lead to a gradual shift away from the US dollar, particularly among countries that feel pressured by its dominant role. While no one expects a return to the gold standard or Bitcoin to become a major component of national reserves, any movement away from the dollar strengthens Bitcoin’s long-term upside potential and reinforces its position as an alternative asset.
To put things in perspective, Japan, China, Hong Kong, and Singapore collectively hold $2.63 trillion in US Treasuries. If these regions choose to retaliate, bond yields could reverse their trend, increasing the cost of new debt issuance for the US government and further weakening the dollar. In such a scenario, investors would likely avoid adding exposure to stocks, ultimately favoring scarce alternative assets like Bitcoin.
Timing Bitcoin’s market bottom is nearly impossible, but the fact that the $82,000 support level held despite worsening global economic uncertainty is an encouraging sign of its resilience.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Using blockchain technology to support real-world infrastructure, DePIN creates tangible value and generates real revenue, says Fluence Network’s Tom Trowbridge.
Technical indicators alongside macro-economic factors are prompting analysts to predict further downward momentum for the SPDR S&P 500 ETF Trust (NYSE:SPY) and Bitcoin (CRYPTO: BTC).
What Happened: In a podcast on Thursday, prominen analyst Benjamin Cowen warned that the S&P 500’s decline could extend into April, resembling past market downturns that have had ripple effects across both equities and crypto.
While March has historically marked a bottoming point during corrections—such as the financial crisis and pandemic crash—Cowen notes that sometimes the downturn extends into April.
One key date is mid-April, when the next inflation print is released. With new tariffs in focus, investors …
The latest round of tariffs from the Trump administration and their potential to erase trillions of dollars from the stock market.
Negative SOL futures basis and funding rates.
Multiple technical factors.
Let’s examine these catalysts in detail.
Trump tariffs rattle Solana and broader crypto market
Solana’s decline occurred in the wake of US President Donald Trump’s April 2, “Liberation Day” tariffs. The escalation in trade tensions led investors to move away from riskier assets, including cryptocurrencies like SOL, in favor of safer investments.
SOL/USD vs. TOTAL crypto market cap and Nasdaq Composite daily performance chart. Source: TradingView
SOL’s recent price decline is closely tied to fading demand in its futures market, as reflected by a sharp drop in the annualized rolling basis on three-month contracts.
The annualized rolling basis shows how much more (or less) futures contracts are trading compared to the current spot price, expressed as an annual percentage.
A high basis means futures are trading at a significant premium, signaling bullish expectations and strong demand for leveraged long positions. On the other hand, a low or negative basis means futures are trading close to or below the spot price, indicating a lack of speculative interest or growing bearish sentiment.
SOL futures basis peaked in mid-November 2024 at 18% and was below 0% as of April 3, showing that traders are no longer paying a premium for SOL.
Solana futures annualized rolling basis. Source: Glassnode
Solana’s funding rates turn negative
Solana’s price drop further aligns with its declining funding rates, indicating a weakening bullish momentum in the market.
SOL’s weekly funding ratesslipped to -0.0462 on April 3 from 0.14% a day ago, and this negative funding means short traders are paying longs, highlighting the expectation for further downside.
SOL OI-weighted funding rates. Source: CoinGlass
Currently, SOL’s daily chart shows a pattern of bear flag continuation, a process where consecutive bearish structures confirm and drive prices lower.
As of April 3, SOL was trading below its flag pattern’s lower trendline, projecting a price decline to $96.
SOL/USD daily price chart. Source: TradingView
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
The Defiance Daily Target 2X Long RIOT ETF (NYSE:RIOX), launched to double the daily returns of Bitcoin mining company Riot Platforms Inc. (NASDAQ:RIOT), has lost its value by as much as 73% in the three months.
The ETF’s investment strategy, using a 2x daily leverage on Riot stock, is one of the key reasons for its sharp fall. Leverage increases not only daily …
VanEck has made a big move in bringing a Binance Coin (CRYPTO: BNB) ETF to the United States. The company recently registered for a BNB ETF trust in the state of Delaware, an important milestone for the crypto asset.
What This Means for BNB
This action positions Binance Coin with other giant cryptocurrencies—Bitcoin, Ethereum, Solana, and Avalanche—for which ETF filings have been submitted in the country. BNB may have global exchange-traded products (ETPs) such as the 21Shares Binance BNB ETP but has never had one based in the U.S. If approved, VanEck’s ETF will mirror the price of BNB, offering investors a more convenient means of acquiring exposure to the …
Cango, a publicly traded Chinese conglomerate, has agreed to sell its legacy China operations to an entity associated with peer Bitmain in a bid to go all-in on Bitcoin (BTC) mining, according to a report by The Miner Mag.
Cango agreed to sell its legacy Chinese auto financing business to Ursalpha Digital Limited in a $352 million deal, according to the report.
Additionally, Bitmain is reportedly transferring 32 exahashes per second (EH/s) to Cango. The deal effectively brings Bitmain’s mining assets to the public market, The Miner Mag said.
Exahashes measure a miner’s contribution to the Bitcoin network’s hashrate, the total computing power securing the network.
The Miner Mag said Ursalpha Digital Limited has the same corporate address and founding director as Antalpha, an entity ultimately controlled by the chairman of Bitcoin miner Bitmain.
Proxies for Cango’s shares on the NYSE are up 25% this month. Source: Google Finance
Bitmain has experienced US scrutiny after the country blacklisted its artificial intelligence affiliate Sopghgo, Bloomberg reported.
According to Bloomberg, Bitmain has a working relationship with American Bitcoin, a Trump-family-affiliated mining entity created in March as part of a deal with Hut 8, a provider of power and computing infrastructure.
On March 31, Hut 8 bought a majority ownership interest in American Bitcoin (formerly American Data Centers), whose founders include US President Donald Trump’s sons, Donald Trump Jr. and Eric Trump.
Hut 8 has transferred its Bitcoin mining equipment to American Bitcoin, which is reportedly mulling an initial public offering (IPO), according to Bloomberg.
The companies said that American Bitcoin will focus on crypto mining, while Hut 8 targets data center infrastructure for applications such as high-performance computing.
In 2025, Bitcoin mining stocks have struggled amid declining cryptocurrency prices and pressure on business models caused by the Bitcoin network’s April halving, according to a JPMorgan research note shared with Cointelegraph.
Every four years, the amount of BTC mined per “block” — a bundle of transaction data stored on the chain — is cut in half. April’s halving slashed mining rewards from 6.25 BTC to 3.125 BTC per block.
The number of pre-seed funding rounds for Bitcoin (BTC) startup companies has grown by 767% since 2021, according to a report from venture capital firm Trammell Venture Partners (TVP).
Bitcoin pre-seed transactions increased 50% year-over-year in 2024, with a 27.5% year-over-year increase in the number of startup companies funded.
Christopher Calicott, TVP’s managing director, attributed the increased deals to the robust security of the BTC network:
“Many entrepreneurs across crypto are revisiting the Bitcoin stack as the long-term place to build their companies. It makes perfect sense: The objectively most secure, reliable, and decentralized blockchain is the obvious platform of choice.”
However, the capital raised in Bitcoin pre-seed funding rounds declined by over 22% in 2024, with the median funding round size and the median startup valuation steadily declining from 2021 to 2023.
Median valuations for pre-seed Bitcoin startups fail to reclaim 2021 levels. Source: Trammell Venture Partners
The value of funding rounds reclaimed some lost ground in 2024 but failed to reach highs established during the previous bull cycle in 2021, primarily due to unclear crypto regulations in the United States under the previous Securities and Exchange Commission (SEC) leadership.
Crypto VCs don’t expect 2025 funding to reach 2021-2022 levels
In January, Deng Chao, CEO of institutional asset manager HashKey Capital, told Cointelegraph that pro-crypto regulations in the United States would increase VC investment in the sector in 2025.
However, the executive warned that macroeconomic uncertainty and geopolitical turmoil could increase price volatility and disrupt the trend brought on by positive regulatory tailwinds.
Crypto markets took a nosedive amid trade war fears and macroeconomic uncertainty. Source: CoinMarketCap
Risk-on assets such as stocks and cryptocurrencies typically suffer during trade wars and macroeconomic uncertainty, as investors flee risk assets for safer alternatives such as cash, government securities, and durable commodities.
Venture capital firm Haun Ventures invested $1.5 billion into crypto firms in 2022 but recently announced it seeks to raise only $1 billion in the first half of 2025, citing changed market conditions.
Similarly, analysts at Galaxy Digital also predicted a 50% year-over-year rise in VC-led crypto investments in 2025 but said that VC funding will fail to reach highs established in 2021–2022.
