This gives users additional incentive to choose BSC over other blockchains that have been popping up. It’s also the reason BSC has become one of the top blockchains in the dApp world, with its total transaction volume exceeding well over $15 billion. The Binance Smart Chain blockchain doesn’t replace the Binance Chain blockchain.
Binance Smart Chain (BSC), rebranded as BNB Chain in 2022, has gained traction as an Ethereum alternative due to the low transaction costs and high speeds. BSC is equipped with Ethereum Virtual Machine (EVM) and smart contracts to support non-fungible tokens (NFTs) and Ethereum applications. You might notice that the new wallet is, by default, connected to the Ethereum network. But, our goal here is to connect MetaMask to the BNB Smart Chain (BSC).
Step 2: Launch Metamask.
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 copied to your clipboard. Nowadays a lot of people use MetaMask to connect to different decentralized applications (dApps). Most notably, people connect their MetaMask to PancakeSwap. There, they exchange Ethereum, for example, for another cryptocurrency that is not available in other crypto exchanges. These changes will be applied to both your browser and mobile application.
Making MetaMask Transactions (On the Testnet)
You will have to wait until it is processed by the network. 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. Once you select that, you will have a screen just like below.
BSC Tokens
Be sure to double-check that only the BSC network has been selected. MetaMask is in the process of improving the networking switching experience. As of v12.0, you will no longer have to manually switch between networks while connected to multiple dapps at the same time. Please see this Binance guide to withdrawing tokens, or our guide. The process differs depending on whether you’re accessing on the app or desktop.
Connecting MetaMask Mobile to BSC
In fact, the wallet only supports Ethereum-based cryptocurrencies and NFTs. In your exchange account, navigate to the BNB withdrawal page and enter your MetaMask BSC wallet address as the recipient. Make sure you select the BSC network for the withdrawal (not the original Binance Chain).
Remember to choose ‘Binance Smart Chain’ as the network and not ‘Binance Chain’ when making transactions. Then, go to Binance Smart Chain Faucet to claim some testnet tokens. BSC Faucet is a portal for developers to get BNB and other BSC tokens for the testing environment. While on the testnet, you might see still see the logo for ETH instead of BNB. You’re still on the BSC testnet as long as the network name in the corner indicates so. Although you’ll see optional next to some fields when entering this information, you should still enter the above information without altering it.
Next, make sure the Binance Smart Chain network is added (and selected) then click on the 3 dot icon on the top right side of the page. Tap on [Add Network] at the bottom of the screen to add a new network to your Metamask wallet. On the Metamask Settings page, scroll down and tap on [Networks] to view all available networks on your Metamask wallet.
You’ll receive permission to connect PancakeSwap in a MetaMask window. If you didn’t create an additional account, the one account you have will be automatically selected. Add the same parameters as given above to add the network in the mobile app and tap ‘Add’.
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 can i use cash basis for expenses and accrual for revenue in my small business buy NFTs. It is compatible with Ethereum’s smart contracts, meaning that any Ethereum developer can build on Binance Smart Chain without learning a new programming language. This makes it easy for developers to create DeFi applications on the chain, which could lead to a wave of innovation in the space.
- A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.
- As you already know, there are many use cases for adding the Binance Smart Chain network to MetaMask.
- Never send tokens to an address on a different network.
- All tokens produced on BSC must adhere to the BEP20 standard.
BEP20 coins allow for speedier transactions, while ERC20 tokens are more secure. Now, input the amount to be transferred and click “Withdraw.” You must accept the agreement, warning you that your digital assets will be lost if you choose the wrong network. You might notice straight away that we’re still working with an Ethereum wallet.
Even if you have an existing MetaMask wallet, you can create an entirely new one for BSC to keep them separate. But you can also create a separate account within your existing wallet. When you’re using MetaMask to withdraw your BNB tokens, you always have to withdraw them as BEP20 tokens. If you withdraw them as BEP2 tokens, they will not function as you want them to even if you don’t lose them. For example, if you want to use them in dApps, they won’t work because they don’t have that functionality. There’s Binance which is the cryptocurrency exchange and also where the whole journey started.
This will allow us to interact and use the decentralized applications (DApps) that are only available on the BNB Smart Chain. It’s recommended to secure your wallet with a secret recovery phrase (also known as a seed phrase). This phrase will work like a master key to your wallet and funds. Remember to practice good security hygiene when using MetaMask, like keeping your secret recovery phrase safe and using strong passwords.
But did you know, there’s more to this giant than just trading? Binance also boasts a dynamic wing that runs smart contract-based applications, with two branches – Binance Chain and Binance Smart Chain (BSC). This powerful tool is comparable to Ethereum‘s ERC20 and ERC721f and can accommodate BEP20 tokens like $CAKE and $BAKE with ease. As you can see, adding a network to MetaMask is very easy. If you want to add other networks, you can use the same method.
With MetaMask, you can store, send, and receive ETH and interact with Ethereum dApps directly from your web browser. Are you looking to expand your crypto activities beyond Ethereum? Binance Smart Chain (BSC) has emerged as a popular alternative blockchain with a thriving ecosystem of dApps. The great news is that you can easily connect the BSC network to MetaMask, a leading Ethereum wallet. 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.
