iPhone users will be able to purchase and transfer crypto into Metamask using credit and debit cards.
Mainstream adoption of cryptocurrencies just got a boost.
MetaMask has announced that the popular crypto wallet will now support direct digital asset purchases with debit and credit cards by way of Apple Pay.
One upshot of the feature is that users will be able to directly seed their crypto wallets with digital assets, rather than having to go through centralized exchanges (CEXs) like Coinbase. CEXs are often seen as a grey area between decentralization and centralization — they are on-ramps to a decentralized economy but their servers are centrally owned just like any traditional company.
MetaMask is arguably more decentralized than traditional CEXs — Joseph Lubin, the co-founder of Consensys, which develops the wallet, has gone on record saying that MetaMask will “progressively decentralize.” With the new Apple Pay feature, users will be able to enter the crypto ecosystem further on the decentralization side of the spectrum.
MetaMask has 30M monthly active users as of January. That’s six times more than the wallet had last April, when Consensys celebrated the milestone of 5M monthly active users.
With the new Apple Pay feature, along with a dark mode which was also announced as part of the wallet’s upgrade, MetaMask’s developers are doubtless looking to scale their user base to the next level.
It’s been widely reported that users will be able to purchase a maximum of $400 worth of crypto per day, but Wyre, a payments API company that MetaMask is using for the Apple Pay integration, lists a $500 daily maximum in their documentation.
Regardless, it’s never been easier to introduce new users to crypto.
FAQs
Our providers generally support credit and debit cards such as Visa and Mastercard. You can buy crypto with Apple Pay, Google Pay, and PayPal (where available). You can use ACH transfer in the USA and SEPA in Europe. Our providers also support a wide selection of alternative local payment methods.
Why can't I buy BTC on MetaMask? ›
Can I buy Bitcoin directly with MetaMask? No, MetaMask primarily supports EVM-based currencies and doesn't facilitate direct Bitcoin purchases. However, users can exchange Ethereum or other ERC-20 tokens for Wrapped Bitcoin (WBTC), an equivalent to Bitcoin on the Ethereum blockchain.
How much can you Apple Pay MetaMask? ›
You will use Apple Pay on the crypto exchange called Wyre which will allow a maximum of $400 worth of cryptocurrencies every day.
How do I buy crypto on MetaMask? ›
How to easily buying crypto to easily create a token with Token Tool
- Step 1: Accessing MetaMask's Buy Crypto Feature. Open your MetaMask wallet extension or app. ...
- Step 2: Selecting Your Region and Payment Method. ...
- Step 3: Choosing Your Token and Network. ...
- Step 4: Getting Quotes and Making the Purchase.
Apple's service policies are likely behind the app's disappearance. According to the marketplace's guidelines, it doesn't allow apps to run “unrelated background processes,” such as cryptocurrency mining. According to MetaMask, the removal of its app was only temporary.
Can I buy crypto with Apple Pay? ›
Buy Bitcoin and more cryptocurrencies using Apple Pay from the BitPay Wallet app or website online. iPhone owners rejoice! BitPay offers two easy ways to buy your cryptocurrency with Apple Pay. You can now buy BTC with Apple Pay through the BitPay Wallet app or online with the BitPay widget.
Is it safe to buy crypto on MetaMask? ›
MetaMask is a self-custodial wallet for Web3, giving you complete control over your cryptocurrency and other digital assets like NFTs. It's a secure way to manage your digital assets independently without relying on a third party.
Which wallet is better than MetaMask? ›
Looking for alternatives or competitors to Metamask? Other important factors to consider when researching alternatives to Metamask include security and user interface. The best overall Metamask alternative is Zengo Wallet. Other similar apps like Metamask are Coinbase Wallet, Trust Wallet, Exodus, and Coinomi.
Why is my Bitcoin not letting me buy? ›
Unable to buy crypto or add cash
There are various reasons you might not be able to buy crypto or add cash: Your account may have been temporarily disabled. Buy/sell services may have been disabled. Your account may not be recognized as a trusted payment source.
How much crypto can I buy with Apple Pay? ›
What is the limit of crypto purchases via Apple Pay?
| Card tier | Weekly limit |
|---|
| Ruby Steel | $2,000 |
| Jade Green / Royal Indigo | $5,000 |
| Icy White / Rose Gold | $20,000 |
| Black Obsidian | $100,000 |
1 more rowCan I have multiple types of MetaMask installed in the same browser? No — you can only have one. Having more than one type of MetaMask—and, typically, any other wallet extension—active in your browser simultaneously will cause problems, and none of them will work correctly.
Is there a limit on Apple wallet pay? ›
Using Apple Pay
There's no limit to how much you can pay in one transaction. But some retailers might set their own limits for Apple Pay payments.
Why can't I buy crypto on MetaMask? ›
This is because the companies we partner with cannot operate in every jurisdiction, as their operations are affected by varying laws and regulations. If your country/region isn't supported, you may still be able to get tokens into your wallet through other means.
Can you buy tokens directly on MetaMask? ›
You can easily buy tokens directly within MetaMask by clicking “Buy”. Different networks and payment methods are available, though your options will depend on your region. You can also request funds from a friend by sending them a payment request, showing your QR code in person, or by sharing your public address.
What payment methods does MetaMask accept? ›
Region: Available to users in 189 countries. Payment Method: Availability of payment methods will vary by location. Choose from debit or credit card, PayPal (U.S. only excl. Hawaii), Bank Transfer, Instant ACH, and other local methods.
How do I add MetaMask to my Apple wallet? ›
To begin, head to the iPhone App Store or Google Play Store, search for MetaMask, and install it.
- Once downloaded, go ahead and open the MetaMask app from your home screen. ...
- After pressing "Get started", you will tap "Create a Wallet". ...
- The next page will ask whether you want to agree to MetaMask's user agreement.
MetaMask currently supports five hardware wallets:
- AirGap Vault.
- Keystone (available on both Extension and Mobile)
- Lattice.
- Ledger (available on both Extension and Mobile)
- Trezor.
With your Apple Cash, Apple Card, and other credit and debit cards stored in the Wallet app on iPhone, you can use Apple Pay for secure, contactless payments in stores, restaurants, and more.
