When you head to “More Tools”, you will find “Extensions”. Once you click it, you will be directed to this screen. MetaMask has become a favorite destination for accessing the vast world of Ethereum. However, with minimal effort, anyone can configure it to Binance Smart Chain. This allows you to enjoy the fruits of years of hard work to make MetaMask an unrivaled tool for interacting with decentralized how to buy bnb on kucoin applications. From here, we’ll send funds out to demonstrate how it works.
Using MetaMask within the BSC Ecosystem
Once you open your application, you can proceed with the next step. This will automatically change your Mainnet to Binance Smart Chain Mainnet. To switch back, just click on the Binance Smart Chain Mainnet menu at the top. Because it is easy to make a mistake, you can simply copy & paste the information. Once you complete this step, there is only one the bitcoin password to $245m thing left to do.
BNB is the native token of the Binance Smart Chain, and it is used to pay for transaction fees on the network. 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. Remember to store your seed phrase in a secure location, as this is the key to accessing and restoring your wallet.
- From there, you can select the network you wish to use, be it Ethereum or Binance.
- That’s the most important thing to remember when sending BNB tokens to your MetaMask wallet so you don’t end up losing them.
- But the main difference is that the BSC blockchain is equipped with support for Ethereum Virtual Machine (EVM) as well as smart contracts.
- There are several reasons you should connect your MetaMask wallet to the Binance Smart Chain network.
How To Add Binance Smart Chain To The Metamask Mobile App (iPhone & Android)
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. 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.
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. 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. MetaMask is a popular cryptocurrency wallet and browser extension. Traditionally used on the Ethereum network, MetaMask can also be customized to connect to the likes of Binance Smart Chain, Polygon and Avalanche Network. Binance Smart Chain is a great blockchain option to explore the world of dapps and NFTs where gas alone doesn’t burn a hole in your pocket.
Access your MetaMask wallet and click on the network selection button in the top right corner. To access Binance Smart Chain through MetaMask, you need to customize the settings by following some key steps. Now, you must enter the amount that you wish to transfer and select “Withdraw”. You will be asked to accept the undertakings – these are just here to remind you that if you select the wrong network, your assets will be lost. Be sure to double-check that only the BSC network has been selected.
How to Send BNB to a Binance Smart Chain Addresses
To receive a BEP20 token on your Metamask wallet, simply copy your wallet address and send the token there from whatever wallet or exchange you choose to use. Always use the Binance Smart Chain Network (BEP20) when sending to ensure you don’t lose your funds due to sending on the wrong network. 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. MetaMask has long been a popular Web3 wallet for accessing the Ethereum ecosystem. But, in just a few steps, anyone can configure it to connect to the BNB Smart Chain, which opens up a whole new set of decentralized applications that run on the BNB ecosystem.
Once you have added Binance Smart Chain to MetaMask, you are ready to navigate the interface and start interacting with the network. Specifically, you will likely want to know how to switch between Ethereum and Binance networks and manage your BNB tokens within MetaMask. If you are receiving BEP-20 tokens in your MetaMask wallet, you will need to triomarkets uk review 2021 add them manually.
Importance of BNB Tokens for DApps Usage
It’s also mainly used on Ethereum, but this doesn’t mean you can only link it to this blockchain. You can connect it to the Binance Smart Chain network too, and this article will show you how. We’ll cover the basics of connecting your wallet and making simple transactions. Additional permission will appear to let PancakeSwap view the address of your account.