Metal Pay for iPhone

At a glance

Metal Pay is a no-cost finance app from Metallicus Inc. designed for iPhone users to purchase, sell, and swap more than 65 cryptocurrencies without leaving the app. It supports payroll deposits, person-to-person transfers, and bill payments using crypto, while cash balances are held at an FDIC-insured partner bank to protect user funds.

Key capabilities

• Instant purchases of crypto are allowed even before a cash deposit fully clears, reducing waiting time for trades.
• Trades involving USDC can be performed with a 0% fee, allowing cost-free conversion in and out of that stablecoin.
• Peer-to-peer cryptocurrency transfers between Metal Pay accounts carry no fees, making small-value moves inexpensive.
• The app supports low-fee purchases of major tokens such as Bitcoin, XRP, and MTL.
• Users can deposit paychecks and settle bills or send payments to contacts directly with cryptocurrency.
• Cash holdings are maintained in an insured banking account through Metal Pay’s partner bank for added protection.

Fees and how transactions work

Metal Pay advertises minimal charges for many trades and zero fees for certain actions. Conversions to and from USDC are fee-free, and sending crypto to other Metal Pay customers does not incur charges. Some mainstream coins are offered at nominal fees; exact rates depend on the asset and transaction type. The platform also enables immediate buying capability so users can complete a crypto purchase before bank clearance.

Safety and account custody

Rather than keeping user cash on the app, Metal Pay places fiat balances in an FDIC-insured account held by its partner bank. This arrangement helps ensure that deposited funds are protected by federal insurance limits while the app facilitates trading and transfers.

Where the app can be used

Metal Pay is available across the entire United States, including all states and territories such as Puerto Rico, and it also operates in 28 countries within the European Union.

An alternative to consider

FamApp — Spend with UPI & Card Free — is offered as an alternate solution for users seeking payment options tied to UPI and card spending, providing a different set of features compared with Metal Pay.

Summary

For iPhone users who want a simple interface to buy, sell, and move a wide range of cryptocurrencies with few surprises, Metal Pay presents a convenient, low-fee option with insured fiat custody and fast buy functionality.