Cryptocurrency exchangeStep-by-Step Guide: Adding Binance Smart Chain to MetaMask

December 17, 2020by Ezekiel Adetuwo0

In the bottom-left corner, you will see a button next to a MetaMask icon – “Add BSC Network”. This will open a pop-up window in MetaMask, where you need to click “Confirm” and you’re done. If you are new to the MetaMask network, we suggest checking out our extensive article focusing on what the wallet does, how it works, and many other topics surrounding it.

The bottom line: Adding new networks to MetaMask is simple

I will transfer BNB from the crypto.com  wallet to send the funds. If you don’t have a BNB token, here is my link for crypto.com, so we both will get a 25 US dollar bonus if you use it. To send tokens, we need to change from Binance smart chain network to Binance Chain Network. MetaMask is one of the most widely used and downloaded wallets for keeping digital assets such as cryptocurrencies. If you’re just getting started with a MetaMask wallet, you may not realize that you can connect it with many other blockchains beyond Ethereum.

The Binance Smart Chain sector has a how to mine cryptocurrency with raspberry pi market capitalization of $91.47 billion, accounting for 3.95% of the overall cryptocurrency market cap. Over the past day, trading volume within this sector amounted to $2.29 billion. Binance Smart Chain (BSC) is a blockchain platform developed by the renowned cryptocurrency exchange Binance. The BNB token is by default added to the Binance Smart Chain network on MetaMask.

  • It offers lower fees, faster transaction speeds, and easy asset deployment, and it is backed by the world’s largest crypto exchange – Binance, and a very strong community.
  • To import an existing wallet, you’ll need your secret backup phrase.
  • But there are still some necessary conditions to use Binance Smart Chain on MetaMask.
  • Not only that, but we will give you exact instructions on how to add the Binance Smart Chain network to MetaMask through your browser and on your mobile device.

On Trust Wallet, send “Smart Chain” and not “BNB” to your Metamask BSC address. In order to use Binance Smart Chain with MetaMask, you will need to have some BNB (Binance Coin) in your wallet. MetaMask allows users to access their Ethereum wallet via a browser extension or mobile application, which users may use to communicate how to buy elonone with country-divided applications. In addition to these transactions, the Binance Coin may also exchange specific tokens for exchanges.

Next, click Create a new wallet and follow the instructions.

Token Sales

MetaMask is the most popular crypto wallet on the planet. Because of this, there are many who wish to know how to work and navigate through it. One particular thing you can do is add networks, such as Binance Smart Chain, to MetaMask. Next step is to go to the Binance extension wallet, and press send. Paste the address you copied in the address field, enter the amount you wish to send, and click send.

About MetaMask Wallet

Open up your MetaMask wallet, and then click the profile icon on the top right of the user interface. Then, select “Settings” from the drop-down menu that appears. Now, let’s get started with our detailed guide to adding the Binance Smart Chain network to your MetaMask wallet. If you want to make your cryptocurrencies significantly safer, we recommend you get a Ledger hardware wallet. You can connect your Ledger wallet to MetaMask so you can enjoy the best of both worlds — the convenience of MetaMask and the security of Ledger. Finally, Binance Smart Chain is backed by one of the most powerful companies in the cryptocurrency space – Binance, the biggest crypto exchange on the planet.

Coinbase Wallet (Base App)

  • MetaMask is a popular wallet that supports Binance Smart Chain, so you can use it to manage your BEP20 tokens and interact with Binance Smart Chain.
  • MetaMask, as well, supports all Ethereum Virtual Machine (EVM) networks.
  • Carefully review all of the details regarding the transaction and then press “Confirm” if everything looks correct.
  • For anyone serious about security, Ledger is hard to beat.
  • That will let you use DEXs on Binance such as Pancake swap and interact with decentralized applications on the blockchain.

You can only send the BEP20 type of BNB (Smart Chain) from an exchange or external wallet to Metamask. Sending BEP2 BNB to your wallet address on Metamask will result in a permanent loss of funds so take note of this when selecting the network to use for the transaction. However, in order to interact with Binance Smart Chain and manage your BEP20 tokens, you will need to have a wallet that supports Binance Smart Chain. MetaMask is a popular wallet that supports Binance Smart Chain, so you can use it to manage your BEP20 tokens and interact with Binance Smart Chain.

Tap on Add Network at the bottom of the screen to add a new network to your Metamask wallet. Transferring BNB from Binance to Metamask can take anywhere from 3mins to 30mins depending on the current network load. Metamask will notify you when the funds arrive in your wallet and with that, you have successfully added funds to Metamask. Finally, input the amount of BNB you want to withdraw, click on Withdraw then complete the 2-step verification to approve the transaction. On the next page, input the details of the BSC mainnet outlined below in the appropriate fields as seen in the screenshot below. If you already have a wallet, click on Import Wallet and enter your how to buy medibloc 12-word passphrase to import your existing wallet into Metamask.

The first step in adding Binance Smart Chain to Metamask is installing and configuring the Metamask extension on your browser. By default, Metamask is only configured to work with the Ethereum blockchain so it can only work with Ethereum DApps and store tokens deployed on the Ethereum blockchain (ERC-20). You can access your freshly installed MetaMask wallet (MM) by clicking the three dots in the screen’s upper-right corner.

Connecting MetaMask on the BSC dapps is also as easy as connecting it to ETH dapps as most dapps support the wallet. Let’s see how you can connect your wallet to PancakeSwap, the largest dapp in terms of volume on the Binance Smart Chain blockchain. Once you click ‘Save’, you’ll automatically switch to the BSC mainnet and the cryptocurrency symbol and logo will change from ETH to BNB in the wallet’s interface.

But there are still some necessary conditions to use Binance Smart Chain on MetaMask. Once you click the ‘Approve’ button, MetaMask will add BNB Smart Chain to your wallet. Once you’ve verified the details, click ‘Approve’ to add Binance Smart Chain to MetaMask. To add Binance Smart Chain to MetaMask, simply click ‘Add network’. Now, click on the Add Network button to add a new network.

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Users can use their crypto tokens in games, and social media, or even trade them by connecting MetaMask to the BSC network to interact with its dApps. MetaMask is also an entry point to access the emerging world of DeFi applications. There is a Smart chain drop-down menu in the upper-right corner. Select BSC to connect your MetaMask wallet to the BSC network. You can select the Ethereum mainnet on the Smart chain drop-down menu to switch to the Ethereum network.

Add the same parameters as given above to add the network in the mobile app and tap ‘Add’. To view the BSC network in your mobile wallet, you’ll have to add the network there too. Go to your wallet and click the ‘Account 1’ or account name at the top to copy the wallet address. This is the public address of your wallet which you share with others. Mainnet is the completely developed blockchain network while testnet usually exists as a working prototype. Once you set up a password and complete the steps regarding the secret backup phrase, your MetaMask wallet will be set up.

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