This simple process should help you transition between networks as you engage with different applications and perform a variety of transactions. Keep in mind that Binance Smart Chain and Ethereum are separate chains, so transactions conducted on one network will not reflect on the other. By successfully addingBSC to MetaMask, you’ve expanded your wallet’s capabilities and can now explorethe diverse world of BSC-based tokens and dApps. Whether it’s trading tokens orexploring new dApps, BSC brings a wealth of opportunities to your MetaMaskwallet. If you’re interested in other cryptocurrency topics, such as what Matic is or Algorand staking, feel free to exploreour other articles. After successfully adding BSC to MetaMask, you need to fund your account with some BNB tokens.
But the main difference is that the BSC blockchain is equipped with support for Ethereum Virtual Machine (EVM) as well as smart contracts. 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. The existing wallet contact address now shows the BNB icon and the BNB balance. This will display the network name, network URL, Chain ID, currency symbol, and the BNB block explorer URL. These details ensure that users don’t add the wrong network to MetaMask by mistake.
Once connected, you can interact with the DApp, performing actions such as staking tokens, swapping assets, or participating in yield farming, among other activities. After successfully adding the Binance Smart Chain network to MetaMask, you can manage your BNB tokens. BNB is the native token of the Binance Smart Chain, and it is used to pay for transaction fees on the network. MetaMask is renowned for its user-friendly interface and security features, making it a preferred choice for many in the cryptocurrency community.
- You can easily send any BNB tokens you hold from an exchange or other wallet to MetaMask.
- Other dApps include BakerySwap, BurgerSwap, Venus, MOBOX, Bomb Crypto, etc.
- If you already have a wallet, click on [Import Wallet] and enter your 12-word passphrase to import your existing wallet into Metamask.
- Both blockchains are owned by the Binance cryptocurrency exchange.
- But the main difference is that the BSC blockchain is equipped with support for Ethereum Virtual Machine (EVM) as well as smart contracts.
- Input the details of the Binance Smart Chain main network in their respective fields and tap on [Add] to add BSC to the Metamask mobile app.
You can even try to add some testnet tokens to your account to make sure that the setup is working correctly. 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. MetaMask, as well, supports all Ethereum Virtual Machine (EVM) networks. 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. It’s generally good practice to keep any wallet funded with tokens to seamlessly execute transactions on the corresponding blockchain, without needing to deposit additional funds.
If you haven’t already, you will have to select BNB as your coin. Now, to transfer BNB coins, you will have to copy your MM wallet address. For this, you simply need to click on your account address (on MetaMask) and it will be platform as a service wikipedia copied to your clipboard. You can also add BSC to MetaMask by entering its RPC details, or by selecting it from a preset list of networks within MetaMask itself. Before adding the mainnet, you can also try to add the testnet.
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. As you begin to interact with DApps on the Binance Smart Chain, it’s essential to understand the role of BNB tokens. These tokens play a crucial role in the network’s economy and are necessary for various operations, such as paying for transaction fees on the Binance Smart Chain. To view your BNB balance, simply switch to the Binance Smart Chain network in MetaMask and look at your account balance. If you want to send or receive BNB, you can do so using the “Send” and “Receive” buttons, similar to how you would with any other asset in MetaMask.
Adding BSC to MetaMask via BSCscan Automatically
Using the Binance Smart Chain network requires BNB tokens for transaction fees, much like how Ethereum requires ETH for gas fees. Therefore, it’s important to have a sufficient balance of BNB in your MetaMask wallet when interacting with the Binance Smart Chain network. Adding Binance Smart Chain to MetaMask involves configuring a custom network with the correct network details, including the network name, RPC URL, and chain ID.
Binance dominated the centralized crypto exchange market in 2023 despite a slump in trading volume, with a 52.6% market share. After that, click on the “Add Custom Token” to complete the process. Like in the browser extension, a window with five empty fields will appear. If you don’t have the app yet, visit the Play Store or iOS to download it. You will see a MetaMask icon adjacent to the tab “Add BSC Network” on the left side of your screen.
Step 5: Input the BSC Mainnet details and click .
BSC supports the Ethereum Virtual Machine (EVM), which means it can run applications built for the Ethereum blockchain. BSC is renowned for its faster transaction times and lower fees compared to Ethereum, making it a popular choice for many developers and traders. The previous step will take you to a network settings page with a list of popular networks supported by MetaMask. Suppose you want to trade tokens on the Binance Smart Chain network using DEXes like Pancakeswap or maybe you just want to store BEP20 tokens. While adding Binance Smart Chain to MetaMask allows for more versatility and cost-effective transactions, there are several key considerations that users should keep in mind. These involve understanding the separate chain structures, the importance of correct network details, and considerations for managing BNB tokens.
Click ‘Ethereum Mainnet’ to show the list of networks your wallet is already connected to. Compared to the early days of the wallet, it’s far simpler today to connect MetaMask to BSC. Previously, users had to manually add the Network name, RPC URL, Smart Chain (ChainID), block explorer URL, and currency symbol. MetaMask is the most popular non-custodial crypto wallet, with functionality to connect with thousands of decentralized applications (dApps). Learn how to connect a MetaMask wallet to Binance Smart Chain (BSC) in our easy step-by-step guide and get started with Binance Coin (BNB) tokens.
Step 2: Click the Network Dropdown Menu
Always double-check the network information from a reliable source when setting up BSC on MetaMask. Incorrect network setup can lead to irreversible errors, so careful attention to detail is crucial. After successfully configuring your MetaMask to include Binance Smart Chain, you can then take advantage of the platform’s capabilities. One of the key features is the ability to interact with decentralized applications (DApps) on the Binance Smart Chain. Once you select the second option, you will be redirected to your wallet on a new tab.
To sum up, adding Binance Smart Chain to MetaMask opens up a world of opportunities for interacting with DApps and utilizing BNB tokens. By understanding how to access and use these features, you can make the most of your MetaMask wallet and enhance your experience with the Binance Smart Chain. Hence, it’s important to ensure you’re on the correct network for your intended transactions. Once you have added Binance Smart Chain to MetaMask, you are ready to navigate the interface and start interacting with the network.
Step 3a: Select BNB Smart Chain
This allows you to engage with BSC-compatible decentralized applications (dApps) and trade BSC-based tokens. Let’s walk through the steps to add Binance Smart Chain to MetaMask. The Binance Smart Chain (BSC) is a blockchain platform developed by Binance, the world’s largest cryptocurrency exchange by trading volume.
Whenever you make a transaction on the BSC network, you’ll need to pay for transaction costs (gas fees) in the form of BNB. 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. Initially, the wallet could only interact with Ethereum-based applications how to buy wrapped bitcoin and crypto tokens. But over time, MetaMask developers have made the wallet compatible with a range of Ethereum Virtual Machine (EVM)-compatible blockchains, one of them being Binance Smart Chain (BSC). You can also repeat this process for other centralized crypto exchanges crypto wallets like Trust Wallet or Coinbase Wallet.
Open the MetaMask browser extension by pressing the MetaMask icon on the top right-hand side of your screen. MetaMask requires its users to approve all connection requests – if you find the continuous approvals tedious, you may want to find out more about Account Abstraction. If you are using a web browser, you can add BSC to MetaMask automatically through BSCscan or manually through MetaMask. Now, that we know everything we need to know about connecting MetaMask to Binance Smart Chain, let’s get going.
Once you’ve configured the MetaMask wallet for the BSC network, you can use it to connect to dapps in the ecosystem and also create, buy, or swap NFTs. You can easily send any BNB tokens sell bitcoin in the united kingdom you hold from an exchange or other wallet to MetaMask. Just remember to select the ‘Binance Smart Chain’ network when you want to make the transaction, and not ‘Binance Chain’.
Leave a Reply