How To Crypto

How to Add Binance Smart Chain to Metamask? 5 Easy Steps

How to add Binance Smart Chain to Metamask wallet in 5 Simple Steps and explore endless possibilities.

Binance Smart Chain is a popular alternative to the Ethereum blockchain.

It provides several advantages such as lower fees, faster transaction speeds, and simplicity in deploying assets

Binance, the largest cryptocurrency exchange in trading volume and providing the best services around the world, supports this blockchain, and it has a robust community.

Thank you, the team behind Metamask has simplified the process of adding custom networks to your Metamask wallet.

Are you searching for how to add Binance Smart Chain to Metamask? Add Binance Smart Chain to Metamask in just 5 simple steps.

If your question same as any of these queries, then you’ve come to the right place.

Without any more delay, this article will guide you. A step-by-step guide, add Binance Smart Chain to Metamask just follow these 5 simple steps.

Introduction

Metamask is a popular cryptocurrency wallet and browser extension that allows users to interact with decentralized applications (dApps) on the Ethereum network.

As I mentioned above, how to add Binance Smart Chain to Metamask, so it is important for you to know, by adding Binance Smart Chain to Metamask, users can access a wider range of decentralized finance (DeFi) applications and take advantage of the lower transaction fees offered by the BSC network.

So, keeping in mind all your needs here, I come up with a detailed guide about it.

Why Should You Add Binance Smart Chain to Metamask?

Adding Binance Smart Chain to Metamask wallet opens up a world of opportunities in the DeFi space.

Here are a few reasons why you should consider adding Binance Smart Chain to Metamask.

  • Lower Transaction Fees: Binance Smart Chain boasts significantly lower transaction fees compared to the Ethereum network, making it more cost-effective for executing transactions and interacting with DeFi protocols.
  • Expanded DeFi Ecosystem: By adding BSC to Metamask, you gain access to a wider range of decentralized applications, including decentralized exchanges (DEXes), yield farming platforms, lending protocols, and more.
  • Compatibility with BSC Tokens: Many popular tokens, such as Binance Coin (BNB), are native to the Binance Smart Chain. By adding BSC to Metamask, you can easily manage and interact with these tokens within the wallet.

No!!!

You do not need a separate Binance Chain wallet to connect Binance Smart Chain to Metamask. Following below the 5 easy steps, you can easily link Binance Smart Chain directly to your existing Metamask wallet.

Step-by-Step Guide:

Step 1: Install and Activate Metamask

The first step is to install the Metamask extension on your browser.

Visit the Google Chrome Web store, Firefox add-ons store, or the Edge add-ons store for Microsoft Edge users, and download the official Metamask extension.

Alternatively, you can install the Metamask app on your iOS or Android device via the App Store or Google Play Store.

After installation, click on the Metamask extension icon and follow the onboarding guide to set up your wallet.

If you already have a Metamask wallet, click on “Import Wallet” and enter your 12-word recovery phrase to import your existing wallet into Metamask.

Make sure to store your recovery phrase securely.

Read More: How To Change Password On Metamask? Change Your Metamask Password in Just 5 Simple Steps

Read More: How to Convert ETH to BNB on Metamask: A Step-by-Step Guide

Step 2: Launch Metamask

Once you have set up your Metamask wallet.

Click on the Metamask icon in the extension area of your browser (usually located in the top right corner).

Enter your password and click “Unlock” to launch Metamask.

Source: metamask

Step 3: Select the Ethereum Mainnet

In Metamask, click on the network dropdown menu and select “Ethereum Mainnet” from the list of available networks.

Step 4: Add the BSC Network

Next, click on the network dropdown menu again and select “Custom RPC.” This will allow you to add a custom network.

Now, input the following details for the BSC Mainnet:

Network Name: Binance Smart Chain

New RPC URL: bsc-dataseed.binance.org

Chain ID: 56

Symbol: BNB

Block Explorer URL: bscscan.com

After entering the details, click on “Save” to add the BSC Mainnet to Metamask.

Source: metamask

Step 5: Verify and Add Funds (Optional)

If you want to transact or interact with BSC tokens, you need to add funds to your Metamask wallet. To do this, you can transfer BNB from exchanges like Binance or other wallets that support Binance Smart Chain.

To send BNB to your Metamask wallet, copy your BEP20 wallet address from Metamask.

Log in to your Binance account, go to “Wallet,” and select “Withdraw.” 

Choose BNB as the coin to withdraw, paste your Metamask BEP20 wallet address, and select Binance Smart Chain (BEP20) as the network for the transaction.

Enter the desired amount of BNB to withdraw, complete the 2-step verification, and click “Withdraw” to initiate the transfer.

The transfer may take a few minutes to process, depending on network congestion.

Source: metamask

Final Words

I hope now that you’re well aware, about how to add Binance Smart Chain to Metamask. In conclusion, By following these 5 simple steps, you can seamlessly add Binance Smart Chain to your Metamask wallet.

This opens up a world of possibilities in the BSC ecosystem, allowing you to explore a wide range of DeFi applications and take advantage of lower transaction fees.

Kindly noted, when transferring funds and always double-check the network settings to avoid any loss of assets.

Disclaimer: The information provided in this article is for educational purposes only and should not be considered financial or investment advice. Always do your own research before investing in any financial transactions.

FAQ’s

What is Binance Smart Chain, and why should I add it to Metamask?

Binance Smart Chain is a blockchain platform that runs parallel to Binance Chain, providing high-performance decentralized applications (dApps) and smart contract functionality. By adding BSC to Metamask, you can interact with BSC-based dApps and manage BSC-based assets directly within the Metamask wallet.

How do I add Binance Smart Chain to Metamask?

Here are the five easy steps to add Binance Smart Chain to Metamask:
Step 1: Install and Set Up Metamask
Step 2: Access the Network Settings
Step 3: Add Custom Network
Step 4: Enter Binance Smart Chain Details
Step 5: Switch to Binance Smart Chain
After saving, you will see the newly added Binance Smart Chain network in the network list. Select it, and you will be connected to the Binance Smart Chain network.

Can I use a different RPC URL for Binance Smart Chain?

Yes, you can use a different RPC URL for Binance Smart Chain. The RPC URL mentioned in Step 4 is the default one provided by Binance. However, if you prefer to use a different one, you can obtain the RPC URL from a reliable source and enter it in the “New RPC URL” field when adding the custom network.

What is the Chain ID for Binance Smart Chain?

The Chain ID for Binance Smart Chain is 56. When adding the Binance Smart Chain network in Metamask (Step 4), make sure to enter the correct Chain ID to ensure proper network identification and functionality.

Is it safe to add Binance Smart Chain to Metamask?

Adding Binance Smart Chain to Metamask is generally safe, as long as you follow the official instructions and obtain the necessary details from reliable sources. However, it’s crucial to be cautious and ensure the information you enter is accurate to avoid potential risks. Always double-check the RPC URL, Chain ID, and other network details before adding them to Metamask.

Farman Bangash

I have had a keen interest in the world of cryptocurrency and blockchain technology since 2013. My entrepreneurial drive led me to create CryptoGuideToday, a blog dedicated to providing comprehensive coverage of all things related to blockchain and cryptocurrencies. My goal is to educate and inform people about these technologies and provide valuable insights. I am a firm believer that self-education is crucial for achieving success in this field.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button