When you trade one cryptocurrency for another using MetaMask's built-in swap feature, MetaMask takes a percentage fee that is included in the exchange rate shown to you before you confirm the transaction.
This analysis describes what MetaMask's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The swap fee is embedded in the exchange rate rather than shown as a separate line item, so users may not immediately recognize the cost they are paying; the agreement states the fee is disclosed before completion but the format of that disclosure matters practically.
The updated terms explicitly state that UK, EU, and EEA consumers retain statutory consumer protection rights that cannot be limited or excluded by the agreement, and that applicable local law prevails in the event of conflict with these terms. This adds clarity to the legal framework but does not change substantive protections for those users. The terms also clarify that mUSD is a third-party digital asset not issued by Consensys, treating it as a third-party service subject to the agreement's limitations on Consensys' responsibility for third-party services.
View change record →This new provision formalizes MetaMask's revenue model from swaps and discloses fee structures, indicating expanded services beyond wallet functionality.
View full change record →Every token swap executed through MetaMask includes a fee charged by MetaMask, which is built into the quoted price and reduces the effective value of what you receive from the swap.
How other platforms handle this
If Customer pays by credit card, debit card, or other non-invoiced form of payment, Customer will pay all Fees immediately at the end of the Fee Accrual Period or when otherwise charged by Google.
If you do not timely cancel your subscription, your subscription will be renewed at the full price as indicated when the purchase was made, without any additional action by you, and you authorize us to charge your payment method for these amounts.
You also authorize us to retry any failed authorizations. We may use data provided to us by our partners to determine when to schedule such retries.
"MetaMask earns a fee on each swap transaction made through MetaMask Swaps. This fee is calculated as a percentage of each swap transaction and is built into the quoted rate when you initiate a swap. The fee is disclosed to you prior to completing any swap.Excerpt from MetaMask's Terms of Use
(1) REGULATORY LANDSCAPE: Fee-embedded pricing structures in crypto transactions may engage FTC disclosure requirements regarding material terms, as well as state-level consumer protection laws in states with specific fintech disclosure requirements.
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The swap fee is embedded in the exchange rate rather than shown as a separate line item, so users may not immediately recognize the cost they are paying; the agreement states the fee is disclosed before completion but the format of that disclosure matters practically.
Every token swap executed through MetaMask includes a fee charged by MetaMask, which is built into the quoted price and reduces the effective value of what you receive from the swap.
ConductAtlas has identified this type of provision across 230 platforms. See the full comparison.
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