How to convert ETH to BNB on Metamask? A Step-by-Step Guide: Ether (ETH) and Binance Coin (BNB) are popular cryptocurrencies with a high market capitalization in the crypto market.
While ETH for the Ethereum blockchain and BNB serves as the native crypto coin for the BNB Chains.
By default, Metamask work with the Ethereum network.
However, it also supports other blockchains compatible with the Ethereum Virtual Machine (EVM).
Since ETH and BNB exist on separate blockchains, direct conversion between the two is not possible within Metamask. To convert ETH to BNB on Metamask, you have two options.
You can use a cross-chain cryptocurrency bridge that facilitates transfers between different blockchains.
Alternatively, you can utilize a centralized exchange like Binance, which offers the ETH/BNB trading pair for exchanging one cryptocurrency for the other.
If you have ETH in your Metamask wallet and want to exchange it for BNB but are unsure about the process.
Are you searching for How to convert ETH to BNB on Metamask? Are you seeking information on How to convert ETH to BNB on Metamask?
If you responded positively to 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 process to convert ETH to BNB on Metamask using a crypto bridge instead of relying on Binance.
Are you looking to convert ETH to BNB on Metamask?
As I mentioned above, how to convert ETH to BNB on Metamask? So it is important for you to know, Metamask is a popular-decentralized crypto wallet (dApp), that provides a user-friendly way to bridge these two cryptocurrencies seamlessly.
Follow the instructions below to complete the conversion effortlessly.
How to Bridge ETH to BNB (Without Binance)
Before, we’re starting with the step-by-step guide.
Let’s understand the concept of bridging ETH to BNB without relying on a centralized exchange like Binance.
Bridging involves transferring tokens from one blockchain network to another, allowing you to access different blockchains and their respective tokens.
By bridging ETH to BNB, you can tap into the Binance Smart Chain (BSC) and leverage the advantages it offers.
- Add the BSC network to your Metamask wallet and open the Celer bridge and connect your wallet.
- Select Ethereum Mainnet and BNB chain in the section. Choose ETH as the token to be bridged.
- Transfer ETH and Wait for the transfer to complete once approve on Metamask.
- Go to Pancakeswap, connect your wallet, and convert ETH (BEP20) to BNB.
How to Convert ETH to BNB on Metamask (Step-by-Step Guide)
Add the Binance Smart Chain to your Metamask wallet:
To begin, open your Metamask wallet and navigate to the network settings. Click on “Add Network” and enter the following details for the Binance Smart Chain.
Network Name: Binance Smart Chain
New RPC URL: [RPC]
Chain ID: [Chain ID]
Block Explorer URL: [Block Explorer]
Save the settings to add the Binance Smart Chain to your Metamask wallet.
Add the Binance-Pegged ETH token to your wallet:
In Metamask, click on “Add Token” and select “Custom Token.” Enter the contract address of the Binance-Pegged ETH token:
The token symbol (ETH) and decimal places (18) should autopopulate. Click on “Next” and then “Add Tokens” to complete the process.
Open the Celer Bridge website and connect your wallet:
Visit the Celer Bridge website ([cbridge.celer.network]) and connect your Metamask wallet by clicking on the “Connect Wallet” button. Follow the prompts to establish the connection.
Select “Ethereum Mainnet” and “BNB Chain” as the networks and ETH as the coin to be bridged:
On the Celer Bridge website, choose “Ethereum Mainnet” as the source network and “BNB Chain” as the destination network. Ensure that ETH is selected as the coin to be bridged.
Enter the amount of ETH you want to convert, hit [Transfer], and confirm on Metamask:
Specify the amount of ETH you wish to convert to BNB. Double-check the details, then click on “Transfer.” Metamask will prompt you to confirm the transaction. Review the gas fees and confirm the conversion.
Wait for the transaction to complete:
Once confirmed, the bridging process will commence. It may take a few moments for the transaction to complete. You can monitor the progress on Metamask or the Celer Bridge website.
Open PancakeSwap and connect your wallet:
Next, open PancakeSwap ([pancakeswap.finance]) and connect your Metamask wallet by clicking on “Connect Wallet” in the top right corner of the website.
Swap BEP-20 ETH for BNB on PancakeSwap:
On the PancakeSwap exchange, ensure that the “From” currency is set to the Binance-Pegged ETH token. In the “To” currency, select BNB. Enter the desired amount and click on “Swap.” Confirm the transaction on Metamask, and the conversion from ETH to BNB will be executed.
Can I Swap ETH to BNB on Metamask with Binance?
While Metamask provides an easy way to bridge and convert ETH to BNB, it is important to note that this process does not involve Binance directly. Instead, you leverage the Binance Smart Chain and decentralized exchanges like PancakeSwap to facilitate the conversion.
Is Metamask BNB BEP2 or BEP20?
Metamask supports the BEP20 standard for BNB. BEP20 is an extension of the Ethereum ERC20 token standard, enabling seamless integration with the Binance Smart Chain ecosystem. Make sure to use BEP20 BNB addresses when transacting with Metamask.
Converting ETH to BNB on Metamask provides a convenient and decentralized alternative to traditional exchanges. By following the step-by-step guide outlined above, you can bridge your ETH to BNB and explore the thriving Binance Smart Chain ecosystem. Unlock the possibilities of DeFi and enjoy the benefits of both Ethereum and Binance networks seamlessly within your Metamask wallet.
Remember to exercise caution and double-check all transaction details before confirming. Happy swapping!