Buying Ether (ETH) in MetaMask is a fast and secure way. It reduces the number of steps involved in the conventional way of buying ETH from any cryptocurrency exchange and transferring it to the wallet.
You can easily bypass the transfer part of ETH with this method of buying.
Why MetaMask?
MetaMask, the world’s leading crypto wallet, is clearly one of the best and secure places to store your cryptocurrency and NFTs. Not only store, but you can also buy, sell, swap, and send tokens.
MetaMask:
- Is a non-custodial wallet
- Is a Multi-purpose and secure
- Provides transparent gas fee with the use of EIP-1559
- Supports multiple account creation allowed
In August 2021, MetaMask surpassed 10 million active monthly users.
Why do you need to buy ETH in MetaMask?
Buying ETH directly inside MetaMask is the quickest way (instant transfer) to get your ETH into the MetaMask wallet. The delivery time of both the Wyre and Transak is fast.
Buying ETH inside MetaMask saves your time; you don’t need to buy somewhere else and transfer it to the wallet.
In this article, we’ve explained how you can buy/ swap Ethereum inside the MetaMask wallet with Wyre and Transak.
Before starting, in case you’re not installed MetaMask, you can by clicking the below link and be amongst the 10 million users: How to Create a MetaMask Wallet: A Step by Step Guide.
How to Buy Ether (ETH) in MetaMask
You can buy Ether (ETH) in MetaMask in 3 ways:
Directly Deposit Ether
If you are already purchased Ethereum (ERC-20) or Ethereum based tokens (ERC-721, ERC-777, and ERC-1155), you can deposit that from your existing wallet or any cryptocurrency exchange in MetaMask.
Steps to directly deposit Ether in MetaMask
Step 3: Select Directly Deposit Ether
Step 4: Copy your MetaMask address
Step 5: Paste it into your cryptocurrency exchange
Step 6: Check your MetaMask wallet
1. Go to MetaMask
Go to your MetaMask wallet extension.
Type your password and click Unlock.
2. Click Buy
You could see the front page of the wallet.
Just under your wallet balance, you can see Buy, Send, and Swap.
Click Buy.
3. Select Directly Deposit Ether
After clicking the Buy, scroll a bit to see the Directly Deposit Ether option.
Click View Account.
4. Copy your MetaMask address
After clicking the Directly Deposit Ether option, MetaMask will show you the QR code and the wallet address.
You can click the copy icon or scan from your existing wallet or cryptocurrency exchange.
5. Paste it into your cryptocurrency exchange
After copying, go to your existing wallet or cryptocurrency exchange.
Go to the Send/ Withdraw option and paste the address you’ve copied. Fill in the necessary details and click Send.
If you need a step-by-step guide for depositing/sending your Ethereum currency, click: How to Deposit/ Transfer Ethereum from Coinbase into MetaMask or How to withdraw/ Transfer Ethereum from Binance to MetaMask.
6. Check your MetaMask wallet
After depositing/ transferring your ETH, head back to your MetaMask wallet and check your balance.
Buy ETH with Wyre
Wyre is a payment API that accepts card payments or bank transfers worldwide. If you wish to buy ETH via your credit/ debit card, Apple Pay, or bank transfer, this is the option for you.
Compared to Transak, Wyre has a low fee (network fee & transaction fee).
Steps to buying ETH with Wyre
Step 3: Select Buy ETH with Wyre
Step 5: Fill in the card & billing address details
Step 7: Check your MetaMask wallet
1. Go to MetaMask wallet
Open your MetaMask wallet extension.
Enter your password and click Unlock.
2. Click Buy
Upon opening the wallet, you could view the front page.
There will be three buttons under your wallet balance: Buy, Send, and Swap.
Click Buy.
3. Select Buy ETH with Wyre
After clicking Buy, you can see Wyre.
Click Continue to Wyre.
4. Select payment method
Upon clicking Continue to Wyre, it will take you to a new browser tab.
There you can enter your amount, select your currency, and select your payment type.
If you click on Credit/ Debit option, you can select your payment. Leave it if you want to go with a credit/ debit card.
Here you can opt for any one of the methods.
Choose ACH transfer, if you want to transfer via your bank account. Bank transfer usually takes up to 5 business days whereas credit/ debit and Apple Pay are instant.
If you’ve chosen ACH Transfer, you need to verify your identity.
ACH stands for Automated Clearing House. I.e., Unlike Wire transfer, transactions between banks happen through the Automated Clearing House.
Note: Wyre’s Wire transfer is only available for Wyre dashboard users and not for its partnered users like us.
After filling in the amount and selecting the payment option, select the little box after reading the user agreement of Wyre, and click Next.
5. Fill in the card & billing address details
After hitting the Next button, you need to fill in your billing address and the card details.
Once you fill in the details, click Submit.
6. Fill in the OTP
After submitting, Wyre will take you to the payment gateway where you need to type the OTP sent to you. Ensure to follow the remaining prompts.
7. Check your MetaMask wallet
After the transaction, head back to your MetaMask wallet.
There you can see your ETH balance.
Buy ETH with Transak
Transak is integration for fiat-to-crypto payment. Like Wyre, Transak accepts card payments as well as bank transfers.
Transak is available in more than 100 countries with over 60 local currencies.
Compared to Wyre, Transak has slightly a higher fee.
Steps to buying ETH with Transak
Step 3: Select Buy ETH with Transak
Step 5: Check your wallet address
Step 6: Enter your email address and verify
Step 9: Check your MetaMask wallet
1. Go to MetaMask wallet
Open the MetaMask wallet extension.
Simply enter your password and click Unlock to unlock the account.
2. Click Buy
Upon opening the wallet, you could view the front page.
You will find three buttons under your wallet balance: Buy, Send, and Swap.
Click Buy.
3. Select Buy ETH with Transak
After clicking the Buy, scroll a bit to see Buy ETH with the Transak option.
Click Continue to Transak.
4. Enter your amount
Upon clicking Continue to Transak, a new browser tab will get open.
Enter the amount that you want to buy ETH and select the currency.
You can see fee details just below the amount you’ve entered.
Slippage price denotes the difference between Transak’s ETH price and market ETH price.
After entering the amount, click Buy Now.
5. Check your wallet address
Next, your browser window will show you the ETH wallet address and order details.
Since you are placing an order from inside the MetaMask, it will automatically fetch your wallet address. Just cross-check your order details and click Buy ETH.
6. Enter your email address and verify
Next, Transak will ask for your email address to send the verification code.
Enter it and click Continue.
Now, enter your verification code and select the little check box.
Click Continue.
7. Complete KYC
This 5-step KYC process of Transak will take 2-4 mins and you will need your SSN number and address/ ID proof to be uploaded.
KYC step 1: enter your name, mobile number, date of birth, and click Continue.
KYC step 2: enter your address and click Continue.
KYC step 3: enter your SSN number and click Continue.
KYC step 4: upload address/ ID proof and click Continue.
KYC step 5: upload your selfie
8. Make payment
Next, choose your payment option and follow the remaining prompts such as OTP verification at the payment gateway.
9. Check your MetaMask wallet
Typically, Transak takes 1-3 working days for bank transfers. The processing time for credit/ debit card payments takes less than a minute (in the worst case, it takes up to 20 minutes).
Wait for a few minutes and head back to your MetaMask wallet.
There you can see your ETH balance.
FAQs
1. How to transfer my existing ETH and Ethereum tokens to MetaMask?
You can transfer your ETH and other Ethereum tokens (ERC-721/ NFTs, ERC-777, and ERC-1155) easily to MetaMask. Just copy your MetaMask wallet address and go to your crypto exchange or existing wallet and paste there and click Send.
For step by step guide: Deposit/ Transfer Ethereum from Coinbase into MetaMask or withdraw/ Transfer Ethereum from Binance to MetaMask.
2. What are the tokens/ cryptocurrencies supported by MetaMask?
MetaMask supports only Ethereum (ERC-20) and Ethereum-based tokens (ERC-721, ERC-777, and ERC-1155). Note that you need to manually add a few tokens to see them in MetaMask.
However, you can swap your ETH for another token inside MetaMask.
3. Can I store Bitcoin in the MetaMask wallet?
MetaMask does not support Bitcoin storage. However, it does support Wrapped Bitcoin (WBTC) since this is an ERC-20 token.
That being said you can swap your BTC to WBTC at a reasonable fee in CoinList and wBTC cafè.
4. Is Transak safe?
Transak has a robust risk engine that monitors and stops fraudulent and criminal transactions. In real-time, most of the Transak users faced no issues. However, a few people faced a delay in receiving ETH while purchasing via Transak.
5. Is Wyre safe?
Wyre is a licensed Money Services Business (MSB) that has executed more than $1 billion in cross-border payments. It uses bank-grade encryption in its servers. Hence, Wyre is a reliable payment API.
6. How to buy ETH on MetaMask? or How to buy Ethereum on MetaMask?
Anyone can buy ETH in MetaMask wallet using Transak and Wyre. Both Transak and Wyre are legit payment integrations used by companies such as OpenSea, AAVE, Polygon, Trust Wallet, and MetaMask. Compared to Transak, Wyre has slightly a low fee. So, these are some of the best ways to buy ETH on MetaMask.
7. Can you buy Ethereum (ETH) on MetaMask?
Yes, you can buy Ethereum (ETH) on MetaMask using Transak and Wyre. Both Transak and Wyre are legit payment integrations that can be used to buy ETH directly inside MetaMask.
