After you’ve clicked on “Add Network”, you’ll see multiple fields that you have to fill up. While MetaMask is a powerful tool, it’s crucial to use it responsibly. Always double-check your actions and ensure you’re following the correct procedures. If you provide this information correctly, MetaMask will inform you that you have switched over to the BNB Smart Chain network. If you are quite hesitant then switch to Binance test net and try the platform before you do any activity on the mainnet. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors.
In addition to the browser extension, MetaMask’s Android and iOS applications also offer a seamless crypto wallet user experience for buying, storing, and sending crypto assets. MetaMask is the most popular non-custodial crypto wallet, with functionality to connect with thousands of decentralized applications (dApps). Since we’ve already added the BSC mainnet in the previous steps, we will illustrate the following steps by adding the BNB Smart Chain Testnet network. You can use the testnet network to play around with fake money and get familiar with the wallet.
Can I add other cryptocurrencies to MetaMask in the same way as BNB?
Binance Smart chain is gaining popularity as an Ethereum alternative mostly because of the cheaper transaction bitcoin and regulation fees. Transactions are significantly cheaper, and the user experience is similar, if not even better. That means every Dapp that runs on Etereum could run on Binace smart chain, and we can use MetaMask wallet. The blocks of the Binance chain are twice bigger and faster with only 5 second block time. If I have to be honest Binance platform lacking behind in terms of decentralization, then Ethereum, but I don’t think that is what should worry you. There are few steps we need to do before ad the Binance Smart chain to MetaMask Follow this guide on how to install MetaMask if you don’t have the wallet already.
User Guide: Custom networks and sidechains
If you already have a wallet, click on Import Wallet and enter your 12-word passphrase to import your existing wallet into Metamask. Once you have added Binance Smart Chain to MetaMask, the next step is to configure MetaMask to connect and integrate with the Binance Smart Chain. In order to integrate and connect your MetaMask with the Binance Smart Chain, you need to switch the network to the Binance Smart Chain. The existing wallet contact address now shows the BNB icon and the BNB balance. After reviewing these conditions, click ‘Got It’ to complete the connection process. But connecting MetaMask to BNB Smart Chain is not yet complete.
Metamask on the other hand is the go-to wallet for most cryptocurrency enthusiasts, particularly in the DeFi space. It is quite easy to use and anyone can set up a wallet in seconds and start accessing decentralized apps on many EVM-enabled blockchains. Adding Binance Smart Chain to MetaMask does not pose any direct risks to your funds or wallet.
(Optional) Add BSC manually
This flexibility is essential for users who want to interact with dapps on both networks seamlessly. To switch networks, you need to click on the network dropdown menu, which is found in the upper right corner of the MetaMask wallet. From there, you can select the network you wish to use, be it Ethereum or Binance. You can only send the BEP20 type of BNB (Smart Chain) from an exchange or external wallet to Metamask.
MetaMask is a crypto wallet that comes in the form of a browser extension (Chrome, Firefox, Brave, and Edge) or a mobile application (iOS and Android). It is well-known for being the best software wallet for ERC-20 tokens. In fact, the wallet only supports Ethereum-based cryptocurrencies and NFTs.
How to Download and Set Up MetaMask
- Click the network selection button near the top of the app.
- Once you select that, you will have a screen just like below.
- After you’ve created a new wallet, you’ll land on the “Account 1” page.
- 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.
- To view the BSC network in your mobile wallet, you’ll have to add the network there too.
- You will be asked to input the set password when you launch Metamask after setting up your wallet.
We’ll search for “PancakeSwap” on BSCScan and head over to the first result. Under “Profile Summary,” you will be able to see the contract address. 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.
- This guide is designed to help you seamlessly integrate the BNB Smart Chain with MetaMask, a widely used crypto wallet and gateway to blockchain apps.
- MetaMask allows you to easily switch between Ethereum and Binance Smart Chain networks.
- Let’s talk staking—but not the kind that locks you in a rigid platform with one exit door and high penalties.
- My account has “dark mode” enabled, so it appears black, while yours might appear white.
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. Once the Binance Smart Chain token is added to your MetaMask wallet, you will be able to view and manage your Binance Smart Chain assets directly within MetaMask. After connecting Binance Smart Chain to your MetaMask wallet, you may need to verify the smart contracts on how to buy lunatics token the Binance Smart Chain network.
Use dApps
Its BEP20 token is itself an how to buy bitcoin reddit extension of the ERC20 token standard for Ethereum. Since the BEP20 token is similar to both BEP2 and ERC20 tokens, its compatible with both. If you’re still on the edge about the Binance Smart Chain blockchain or want to make a more informed decision, here’s a little overview.
As long as you follow basic security steps, this wallet is a reliable and safe way to manage your crypto. It also provides robust security features, such as seed phrase backup and biometric authentication, to keep your digital assets safe. In the following sections, we will guide you through the process of adding Binance Smart Chain to your MetaMask wallet, enabling you to make the most of this powerful integration.
BNB is the native token of the Binance Smart Chain, and it is used to pay for transaction fees on the network. 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. Before you can add the Binance Smart Chain to MetaMask, ensure that your MetaMask wallet is properly set up and secured. If you haven’t done this yet, install the MetaMask extension in your browser and follow the prompts to create a new wallet.