You are now ready to connect with and use applications on the Binance Smart Chain network using MetaMask. You can execute a token swap on BSC by going to a decentralized exchange (DEX) and how to buy bitcoin using circle swapping BNB tokens with other cryptocurrencies on the network. Once you have connected your MetaMask wallet to Binance Smart Chain, you can explore the entire BSC network ecosystem, including dApps, tokens, NFTs, DAOs, and more. By default, MetaMask is connected to the Ethereum mainnet network. You can see the network name in the upper right corner of the wallet screen.
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At the beginning of the crypto boom back in 2021, MetaMask got the spotlight as the most popular and easy-to-use crypto wallet to buy NFTs. DeFi stands for decentralized finances, which is a term used to describe companies that look to provide open, permissionless, interconnected financial services. These services are usually lending and borrowing crypto, as well as other crypto-oriented banking services. Adding Binance Smart Chain (BSC) network to your MetaMask mobile application is just as easy.
Sending Funds to Binance Chain Wallet
Once it is successful, you will see the exact BNB transferred to your MetaMask wallet. Once you select “Withdraw Crypto”, you will be directed to this screen. Once you have saved your network, in the same “Networks” tab you will now see Binance Smart Chain added.
Step 5: Select the ‘Switch to BNB Smart Chain’ option
Higher gas fees may speed up transactions, but they can also make them more expensive. Lower gas fees may lead to slower transaction times but cost less. Make sure you are using the correct Binance Smart Chain (BSC) network RPC URL when setting up the custom network in Metamask. The RPC URL is essential for connecting to the correct network. If you’re experiencing issues with connecting to the BSC network or adding it to Metamask, try restarting the Metamask extension.
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You can add BSC to MetaMask automatically by visiting BSCscan and clicking on the “Add BSC Network” option. This will prompt MetaMask to add the network with pre-filled details. If your funding request is accepted, the token will appear in your wallet in a few seconds.
- Once you open the application, you need to click on the hamburger menu located in the top-left corner of the screen.
- Once your MetaMask wallet is ready follow the steps below to enable Binance smart chain on MetaMask.
- Once you’ve verified the details, click ‘Approve’ to add Binance Smart Chain to MetaMask.
- Because MetaMask wallet allows you to connect to different dApps using your browser, you will see a pop-up once you click on “Add Network”.
- For instance, you need to have BNB tokens to use the Binance Smart Chain network, just as you need ETH for transaction fees on the Ethereum network.
- Additionally, do not worry if an error appears, as this is the case when adding any network to MetaMask.
Just make sure that you find the right token on BSCScan or another block explorer of your choice and copy the right address. Hardware wallets manufactured by Ledger are widely regarded as the safest and most reliable way to store Bitcoin and other crypto assets. As long as the seed phrase storage is handled with care, there’s no way that any malicious actor or software could endanger the safety of your crypto. Simply put, Yield farming is a strategy where users put their crypto assets to work and generate the most possible returns on those assets.
Tap on Add Network at the bottom of the screen to add a new network to your Metamask wallet. Launch the Metamask app on your mobile device and tap on the menu icon at the top-left corner of the screen. Transferring BNB from Binance to Metamask can take anywhere from 3mins to 30mins depending on the current network load.
Write down your secret recovery phrase and save it in a secure place. Without how to buy maker coin this phrase, your funds can’t be recovered if your device is damaged or lost. You should never share your secret recovery phrase with anyone.
Integrating the BNB Smart Chain opens doors to a diverse and dynamic world of decentralized applications, via MetaMask’s user-friendly and secure environment. Due to the multitude of applications and operations, effective management and tracking of crypto assets is crucial. CoinTracking offers a comprehensive solution that covers everything from portfolio management to tax calculation. Additional permission will appear to let PancakeSwap cryptocurrency cfd trading view the address of your account. Before adding the mainnet, you can also try to add the testnet.
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. BSC also supports ERC20 tokens, or as they are called on the network, BEP2E tokens.
- 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.
- I will transfer BNB from the crypto.com wallet to send the funds.
- After successfully adding the Binance Smart Chain network to MetaMask, you can manage your BNB tokens.
- If you already have a wallet, click on Import Wallet and enter your 12-word passphrase to import your existing wallet into Metamask.
- Make sure to securely back up your seed phrase, as it will be needed for account recovery.
Step 7: Import Binance Smart Chain Transactions
To add the Binance Smart Chain (BSC) network to your Metamask, you need to have a Metamask wallet. In order to connect to the Binance Smart Chain in Metamask, you need to have the Metamask extension installed on your web browser. If you haven’t installed it yet, you can find it on the official Metamask website or the appropriate extension store for your browser.
How to Fund Your MetaMask Wallet
By following these steps, you have successfully integrated and connected Binance Smart Chain with MetaMask, and added Binance Smart Chain assets to your MetaMask wallet. After successfully integrating Binance Smart Chain with MetaMask by adding it as a custom network, you can now store your Binance Smart Chain assets directly in your MetaMask wallet. Once you have added the Binance Smart Chain network to MetaMask, you can switch between different networks by selecting the desired network from the network dropdown. This will allow you to connect and interact with different blockchain networks, including Binance Smart Chain. You can buy BNB via MoonPay or through any of our partner wallet applications with a credit card, bank transfer, Apple Pay, Google Pay, and many other payment methods. Just enter the amount of BNB you wish to purchase and follow the steps to complete your order.
For example, if you want to use them in dApps, they won’t work because they don’t have that functionality. So, when someone’s talking about Binance, they could be talking about any of these in the Binance ecosystem. But we’re only configuring the MetaMask wallet for Binance Smart Chain which uses the BEP20. Then, there’s the Binance Chain, the original blockchain from Binance.