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How to buy eth for metamask?

4 Answer(s) Available
Answer # 1 #

This article will:

📱Help you get comfortable with interacting with Web3 on Mobile💰Show you how to buy and receive ETH and find custom tokens🕸️ Explain the difference between Ethereum Main Network and other Test Networks

Please ensure that you’ve followed all the security steps outlined in this post before we get started.

Not only does MetaMask offer a non-custodial wallet that holds your Ethereum based assets, but it allows you to peruse thousands of decentralized applications.

Head to the App Store, Google Play, or the MetaMask website to download MetaMask. If you are downloading from the MetaMask website, be sure to type in your browser’s address bar.

Download and install the app. Import your wallet from your seed phrase (which, if you followed our advice, is stored in your password manager, on a piece of paper hidden away, or even on a Seed Wallet). Once you’re in, you will see a balance of your ERC-20 and ERC 721 tokens.

The default home screen will automatically be the Ethereum Main Network, which is what most applications use. Under “Wallet,” you’ll also notice that you can choose between the Ropsten Test Network, Kovan Test Network, Rinkeby Test Network, and Goerli Test Network.

These test networks are meant to ease development, allowing developers to test their products, or sometimes, for users to test out applications. Think of this as play money. Test it out by acquiring test tokens at a “faucet.” We will stick with the Ethereum Main Network for this exercise, where the majority of value on Ethereum transacts.

Now it’s time to explore the decentralized web. From this page, tap the hamburger menu icon on the screen’s left-hand side and click on Browser. Seems familiar, right? MetaMask Mobile contains a powerful browser like the ones you use every day, except this one can also access decentralized applications (dApps). Type in the name of the website that you want to visit in the search bar.

💡 You don’t need cryptocurrency to begin browsing Web3.

Notice how when you visit a Web3 site, you can connect your MetaMask account? MetaMask will never share your public address with a website unless you give it permission. This means you are always browsing privately and control the data you share with an application. It also makes it easy to browse between different applications without creating a new account each time.

Into other dApps? You have many others to choose from; visit State of the Dapps for a comprehensive list.

🧮 Total DApps – 3,752🧑🏽‍🚀Users (24h) – 143.93k⛓️ Transactions (24hr) – 1.03m📈 Volume in USD (24hr) – 226.43m📋 # of contracts – 6.7k

One of the foundational aspects of Ethereum is ether, or ETH, which is the fuel you pay to use the Ethereum tokens. If you want to do anything that involves smart contracts on Ethereum, you’ll need to buy some ETH.

MetaMask also supports every type of ERC-20 token, including stablecoins, such as USDT, USDC, and DAI, and other types of utility tokens that may be used for governance. The other major category of tokens that MetaMask supports is ERC-721 tokens, also known as NFTs, which can represent unique digital items, such as art, tickets, badges, game items, and so on.

What’s the best way to see what tokens are out there? Use your MetaMask browser to visit CoinGecko. It’s a handy site that ranks cryptocurrencies and tokens by their market cap and presents useful information about each project. You’ll notice that the majority of tokens in the top 100 are ERC-20s and are supported by MetaMask.

💡 You won’t be able to buy Bitcoin (BTC) through MetaMask, as MetaMask is an Ethereum Wallet that hosts strictly ERC-20 assets. To hold BTC and ERC-20 coins together, try out a multi-chain wallet like Liquality.

Ok, now that you have a sense of what is out there, load up your wallet with some ETH. The quickest way is to press “Buy ETH” on the home screen of your wallet.

Let’s choose the bank transfer option.

⚠️ A slippage fee refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is most prevalent during periods of higher volatility when market orders are used.Once the transaction has been processed or “mined” on the Ethereum blockchain, your account’s balance in MetaMask should update in a few minutes after the transaction is mined on the Ethereum blockchain. You can check your transaction status on a block explorer like Etherscan, by clicking the pop-up link.After you have ETH in your wallet, you now have gas to power transactions on Ethereum, which you can use to swap for other Ethereum-based tokens or buy NFTs.

Want to settle a bill with friends? Sending a transaction to someone across the world? MetaMask makes it easy to send ETH, stablecoins, ERC-20 tokens, or even an NFT to someone else’s MetaMask Wallet.

A total of 467,827 ERC-20 tokens and 22,982 ERC-721 tokens exist; there is a possibility that MetaMask does not have every niche token you’re looking for on the drop-down list. You can still add tokens to your wallet that do not automatically appear.

For example, I will add a custom $FWB token to my wallet in the following gif.

MetaMask automatically updates the “token symbol” and “tokens of precision.” Another way to add tokens to your wallet is by using CoinGecko, which we mentioned earlier. If you search for the token symbol, you can click on the Fox head logo, and it will be added to your wallet. You can also turn on the token detection feature in MetaMask to auto-detect tokens featured on two or more token lists.

Depending on where you live, it is also possible to send ETH or any other ERC-20 tokens to your MetaMask Wallet from a centralized exchange like Coinbase or Binance or from another wallet. To do so, simply press your address to copy (that’s the 42-character public key that begins with 0x). In your exchange, send ETH to this address.

⚠️  You will be charged a gas fee to send tokens, so be sure to have extra ETH in your account. The cost of gas is variable depending on the usage of the Ethereum network. You can check Etherscan’s Gas Station to see the average price, which is now 145 Gwei, or about $15.48.

🎵Nothing in life is free…🎵It’s essential to understand how Ethereum fees work because when you’re using a Blockchain network, you can’t call a hotline or speak with a chatbot for assistance. The fee you’re paying to submit a trade goes to Ethereum network miners. Ethereum network miners carry out complex computations to validate transactions. These transactions are bundled in blocks, and are appended to the Ethereum Blockchain. Miners receive a block reward for each mined block, and the sum of the attached transaction feeds.

Fees change based on supply & demand; that’s why MetaMask offers you a choice of three tiers for fees, Slow, Average, and Fast.

Block space is limited, while demand fluctuates. In periods where many users want to get their transaction mined, the demand will surpass the block space supply. This setup creates a fee market. Once a transaction is signed by your wallet keys’ it’s sent off to the transaction pool where miners pick it up, put it in a block, and try to validate it ASAP. When the transaction pool is brimming full of transactions, miners naturally prioritize transactions with higher fees—money talks.

💸 Practice sending and receiving crypto. Check out the top 100 decentralized apps that you can use right now.

🦊🦊🦊🦊  Create as many accounts as you want on MetaMask, but beware… you cannot delete them. Consider naming your accounts to help you remember their specific use.Having several accounts nowadays is a pretty good practice. When airdrops occur, they occur by accounts, not by identity. An airdrop is when a protocol gives out free tokens worth money. So, when UniSwap issued an airdrop, some people with multiple accounts received tokens now worth several thousands of dollars.

🐦 Create a new account if you plan on posting it on Twitter for possible Airdrops. Sharing your public address is equivalent to sharing your home address—sharing it with friends is fine, but posting it on Twitter would be unwise. People are able to check your holdings on Create a new account to take advantage of Airdrop possibilities.

🤙🏾 If you have lost your seed phrase, move your tokens to a new wallet with a new seed phrase ASAP. Someone could find your seed phrase written on a napkin in your junk drawer, reload your MetaMask account, and send all of your funds to their wallet. You can’t reset your seed phrase for technical reasons. So, if you’ve lost possession of your seed phrase, consider your digital assets in grave danger. You will need to create a new MetaMask Wallet, and then send your digital assets to that vault as soon as possible. This means having two MetaMask Wallets at once.To do this, you can either use a second browser (Firefox vs Chrome, for example), or if your browser supports “profiles”, each profile gets its own extensions, and so you can have two different MetaMasks open on two different windows. Once you have a new profile in your browser, you can install the MetaMask extension on that profile, and then set up a fresh wallet. From there, you will want to create as many accounts as you want, copy their addresses, and then go back to your old vault and get to sending out all the assets you can.

☝🏾 Your tokens in your Ethereum Main Network wallet will not appear on any of the test networks. Only (valueless) test net tokens will appear on test nets. If you don’t see your ERC-20 tokens in your wallet, don’t freak out. Check to make sure you are on the Ethereum Main Network. Conversely, you may need to add the coin manually as it could be a custom token.

Bille McDiarmid
Answer # 2 #

Everyone from crypto natives to brand new users all wants crypto onramp to be smoother and more accessible.

MetaMask is one of the most popular Ethereum wallets that enables users to make transactions on ETH-based dApps, metaverse games, and DeFi protocols. It comes in the form of a browser extension that you can access when connected to the internet. Users can store Ether and other ERC-20 tokens, as well as receive and send their ETH to others.

However, until recently, MetaMask’s crypto onramp process (and that of most crypto wallets) has forced users into a learning curve.

It’s understandable: In just over a year, MetaMask’s number of users grew from around 500,000 to more than 10 million — a staggering amount. MetaMask developers have impressively kept up with the increased demand, and the fintech world is racing to keep up with the millions (or, to be honest — billions) of crypto newcomers. This 1,800% growth in MetaMask user volume poses an interesting question for those who are new to the world of crypto: How do you buy more Ether on MetaMask?

Traditionally, there have been multiple steps to add crypto to a MetaMask wallet:

As you can see, this five-step process (at least) doubles the opportunities for both fees and slippage (aka the discrepancy between the price you expect a trade to be and the price it actually is when executed — remember, crypto is notoriously volatile).

However, it’s now possible to buy ETH directly in your MetaMask wallet via three methods:

MetaMask's move to partner with third-party payment processing solutions is smart: Doing so leaves the know-your-customer (KYC) protocols up to those companies specifically registered to move money.

Let’s take a look at the process, specifically noting the differences between Transak and Moonpay.

The minimum purchase amount when buying ETH with Apple Pay is $50 on MetaMask. There’s no need to register for Apple Pay a second time on MetaMask, as the Apple Pay process has satisfactory KYC and links automatically to your payment method (a debit or credit card).

The second two options, Transak and Moon Pay, offer similar functionality — but with a few key differences.

Both offer credit/debit card payments in over 100 countries, however specific countries and currencies will vary because of licensing.

Transak is a registered crypto asset firm with the UK Financial Conduct Authority under the Money Laundering, Terrorist Financing and Transfer of Funds.

MoonPay, on the other hand, is an LLC that’s registered in multiple U.S. states as a money transmitter or seller of payment instruments. Globally, Moon Pay PTE Limited is a company, organized under the laws of Singapore.

Both Transak and MoonPay follow their respective KYC guidelines, but some would argue that the UK’s laws are some of the most stringent and therefore deliver a stronger vote of confidence when it comes to Transak’s compliance. As a result, Transak can handle larger transaction volumes and has a higher conversion rate compared to our competitors in terms of card payments.

All three options (Apple Pay, Transak, and MoonPay) will bump into limitations as to which currencies and localities are supported, mostly due to varying regulations for cryptocurrency in governments at the federal and local level. These limitations are more about how governments are choosing to recognize cryptocurrencies and less about KYC.

Learn more about Transak’s available currencies.

When it comes to fees, Transak’s are straightforward, unlike the “airplane model” employed by many companies across the financial services industry. Yes, there will be a fee added on to your transaction, but it is outlined clearly with no surprises or hidden costs.

Transak’s minimum USD equivalent amount of ETH you can buy is $30, whereas MoonPay sets its equivalency in terms of ETH, making the mental math more difficult. At the time of writing the article, MoonPay’s minimum ETH purchase is .011 ETH, or $33.34 — so roughly comparable.

Interestingly, however, the MoonPay widget calculates the minimum ETH purchase to be $38 below, which differs from other online calculators. This is perhaps a leak, or what’s known as “slippage” — aka when the transaction price differs from the market value.

MoonPay’s fees are also somewhat confusing, listing the processing fee in terms of a hypothetical minimum amount:

Meanwhile, Transak lists its fees plainly:

Read more about Transak’s fees

For the end user, Transak aims to be the most transparent and ultimately the least expensive way to let crypto users buy new ETH and Ethereum-based stablecoins using MetaMask.

Here’s how you finish your ETH purchase with Transak:

Once you register with Transak, you can add to or top off your MetaMask wallet as often as you like. Note that the fee amount and exchange rate will fluctuate with the ever-volatile crypto market. However, we hope that our process remains transparent — all while helping users avoid slippage and simplify their crypto wallet hygiene.

Divyang yfzd
Answer # 3 #

Buying cryptocurrency with MetaMask has never been easier. Just click on the “Buy” button on the MetaMask browser extension or mobile app to get started. You can also connect your wallet to MetaMask Portfolio to get started.

Answer # 4 #

In preparation for the upcoming LAND presale, we want to give you a heads up on how to participate and get your piece of The Sandbox metaverse.

In order to do so, you will need to fill-up your Sandbox wallet with ETH (or DAI)You can accomplish this via 3 simple steps:

The first and most essential item you’ll need to get your piece of The Sandbox is a wallet. Our marketplace supports MetaMask and Bitski at the moment, which will allow you to buy LANDS and ASSETS and interact with our marketplace.

If you are a newcomer in cryptocurrency and you don’t have a wallet already (or if you want to easily create a specific wallet for the game), Bitski is a good choice.You can also go through MetaMask, a wallet interface that you can add on top of your (Chrome) browser.

On the landing page, after clicking on the login button, you will encounter the wallet popup to select the creation of your Bitski wallet.

After this, you’ll need to fill in basic information and authorize our marketplace to access your wallet to purchase LAND, ASSETS, and eventually SAND in our upcoming presale events.

Once signed up, your wallet address will appear here:

Experienced users who already have a wallet and want to use it in The Sandbox can use the Metamask plugin built into your Chrome, Brave or Firefox browser.

To install Metamask, follow these instructions:

Or you can check our article:

Once MetaMask in installed on your browser, the process is simple.

Select the second option shown below:

Sign in by confirming your request:

That’s it, you’re good to go! Your wallet address will appear in your account, just like the Bitski method.

You’re now ready to buy ETH (or DAI) and store assets.

You can find more information on how to get set up here:

ETH (Ether) is the primary cryptocurrency for the Ethereum blockchain. To interact with a blockchain (e.g., Ethereum) and blockchain-based applications (e.g., The Sandbox) you need to possess its cryptocurrency (ETH), so you will need to buy some ETH(or DAI).

There are plenty of options for doing this, but we’ll be recommending a couple of known services that are trustworthy and provide straightforward solutions to buy cryptocurrencies.

US citizens only:

You are able to purchase ETH (or DAI) directly from the MetaMask Browser Extension with the Coinbase service following these simple steps:

Coinbase transaction (MetaMask and Bitski)

On the main page click on ETHEREUM (or DAI), then View Asset

Then, on the buy tab, click on add a payment method to link a credit card

Once done, you just enter the amount of ETH (or DAI) you want to buy, and after a 2-step validation process (code sent by phone), you’ll be a happy ETH (or DAI) owner.

Other options:

Wyre lets you use a credit card to deposit ETH right into your wallet. You can either create a new wallet and send your ETH to it, or use MetaMask option if you have this wallet.

To create an account and be able to exchange your Fiat currency for ETH you’ll have to provide your personal details in order for Wyre to verify your identity.

After exchanging your Fiat currency to ETH you will be able to select your wallet to deposit. If this is MetaMask and you have the browser extension you can simply select it and confirm the transference via MetaMask.

If you have Bitski, you’ll need to copy your Bitski wallet address by accessing your account details and clicking on your wallet address.

CoinSwitch offers you simple options to exchange your Fiat currency for ETH, and also works with more than 300+ coins that you can use to exchange for ETH. Thus, if you have other cryptocurrency tokens and don’t want to exchange your Fiat currency all over again, you can just simply use the tokens that you already have.

The steps are very straightforward; you just need to enter the quantity of Fiat or cryptocurrency token that you want to exchange for ETH so then CoinSwitch can offer you available options to do so.

The most recommended options don’t require a login or many personal details, and you can use your credit card to complete the exchange.

Now you have to send the ETH to your wallet linked to The Sandbox.

In Coinbase, click on Wallet, then on Send.

Copy your Wallet Address linked to The Sandbox (see part 1) in the Recipient window

Then confirm the transaction, with another 2-step validation process

After a few seconds, the transaction should be done.

chandrika McNulty
Local Government Administrator