How To Buy XRP on MetaMask: A Step-by-Step Guide

May 25, 2022 Cryptocurrency exchange

Second, transferring BNB, ETH, and other currencies to your wallet becomes much smoother. And third, MetaMask is a safe wallet with encrypted user data, allowing you to confidently control your assets on Binance Smart Chain. To change your MetaMask mainnet network, you need to open the extension or mobile application. Then click on the “Ethereum Mainnet” by default, or, if you have already added another network such as “Binance Smart Chain Mainnet” click on that. These changes will be applied to both your browser and mobile application.

  • However, as with any blockchain interaction, review the permissions you’re granting and only use Snaps from trusted developers.
  • MetaMask is mainly used to interact with the Ethereum blockchain, but you can also link it to the Binance Smart Chain to make BNB transactions using MetaMask.
  • An example would be the next token that will get added to Binance.
  • For this article, we’ll focus on MetaMask’s browser version for Chrome.

Once you get to the dedicated network section, you should see 5 empty fields. These are the Network Name, New RPC URL, Chain ID, Currency Symbol, and Block Explorer URL (Optional). Although the Block Explorer URL says optional, you actually need to add it. This section covers 4 simple steps on how to add Binance Smart Chain (BSC) to MetaMask manually. Once that’s done, you will have the Binance Smart Chain (BSC) network added in 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. Now that you have MetaMask installed, the next step is to create a wallet that you can integrate with Binance Smart Chain. Now that you have MetaMask installed, you can proceed to the next steps to connect it to the Binance Smart Chain. Now, Let’s see one scenario by adding BSC Testnet to MetaMask and transferring BNB from Binance Smart Wallet to MetaMask. If you have already created your MetaMask wallet, you can directly jump to step  2.

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There’s no separate MetaMask wallet for BSC out there. You need to download and install the original MetaMask wallet, i.e., the one that’s for Ethereum. When you’re using MetaMask to withdraw your BNB tokens, you always have to withdraw how to buy blockchain stock 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.

As mentioned earlier, MetaMask is used to connect with the Ethereum blockchain. But to connect MetaMask to the Binance Smart Chain DApps, certain settings need to be changed so that the wallet is focused on the nodes of the Binance Smart Chain network. Let’s take a dive into the world of Binance Smart Chain MetaMask setup and see how to effortlessly add it to your MetaMask wallet for seamless transactions in BNB. Yes, you can send BEP20 tokens to your BSC address on Metamask. Click on Account Details to reveal your BSC wallet address and a QR code also containing your wallet address. Click on the copy icon next to the wallet address to copy the address to the clipboard.

To reiterate, MetaMask and BSC have been growing at warp speed for the past few years. Without a doubt, users will be much more convenient when connecting BSC to MetaMask. On your MetaMask wallet drop down your accounts and go to settings page. It is just a guide to show you how to connect your MetaMask wallet to Binance chain. Once you click the Confirm button, the transaction is irreversible.

Step  2 – Set up Binance Chain Wallet

DeFi stands for decentralized finances, which is a term used to describe companies that look to provide open, permissionless, interconnected financial services. These services are usually lending and borrowing crypto, as well as other crypto-oriented banking services. Finally, Binance Smart Chain is backed by one of the most powerful companies in the cryptocurrency space – Binance, the biggest crypto exchange on the planet.

Whatever your reasons may be, there’s a completely easy way to do it. The unpredictable nature of gas on Ethereum might be driving people to seek out alternatives. But it’s still the most popular blockchain when it comes to NFTs.

Instead, it was made to fix some programmability limitations with the latter. But the main difference is that the BSC blockchain is equipped with support for Ethereum Virtual Machine (EVM) as well as smart contracts. Upon adding that information, you will be brought back to the wallet screen.

Open BSCscan

It also provides robust security features, such as seed phrase backup and biometric authentication, to keep your digital assets safe. The Binance Smart Chain (BSC) is a blockchain network founded by Binance Dex. BSC follows the dual-chain architecture, allowing users to build their decentralized applications and digital assets on one blockchain. The BNB Chain allows Dapps to settle transactions faster and cheaper than the Ethereum Network as it deploys only 21 Nodes as validators.

  • These are the Network Name, New RPC URL, Chain ID, Currency Symbol, and Block Explorer URL (Optional).
  • You can also repeat this process for other centralized crypto exchanges crypto wallets like Trust Wallet or Coinbase Wallet.
  • On selecting the former, you’ll get a recovery phrase that can be used to get access to your MetaMask wallet.
  • Simply put, Yield farming is a strategy where users put their crypto assets to work and generate the most possible returns on those assets.
  • Simply enter the amount of BNB you’d like to sell and enter the details where you want to receive your funds.

Step 1: Install MetaMask

Although, if you do not have an account, you can create one within a couple of minutes – follow this dedicated guide to create an account. Once you click on that, you need to confirm the action. Confirming the action adds the Binance Smart Chain network to your MetaMask account. Once you open your extension, navigate to the network selection section on the top. If you do not have an account yet, you can see how to create one by following our dedicated guide.

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MetaMask is popularly used for Ethereum transactions, but do you want to explore the blazing-fast Solana ecosystem without juggling multiple wallets? In this article, we learn whether it is actually possible and also a few alternative methods that allow using Solan. The web will direct you to the Settings page, where you can add a blockchain network. We will manually add the how to buy meme coins BSC mainnet to MetaMask as we first use MetaMask.

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And once you lose them, it can be near impossible to recover them. Fortunately, it’s easy to use it with the Binance Smart Chain as well. Using MetaMask with Binance Smart Chain gives users all the features that MetaMask offers when it comes to interacting with blockchain applications. These features have, after all, taken years to come into effect and recent wallets on the BSC blockchain still have a long way to come. You can buy BNB via MoonPay or through any of our partner wallet applications with a credit card, bank transfer, Apple Pay, Google Pay, and many other payment methods. Just enter the amount of BNB you wish to purchase and follow the steps to complete your order.

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. Adding Binance Smart Chain to MetaMask does not pose any direct risks to your funds or wallet. Make sure to do your own research, only use trusted DApps, and exercise caution when interacting with unfamiliar projects. Binance Smart Chain is a blockchain platform developed by Binance, one of the largest cryptocurrency exchanges. It is designed to run smart contracts and enable the creation of decentralized applications (DApps). In order to use Binance Smart Chain with MetaMask, you will need to have some BNB (Binance Coin) in your wallet.

Note that you will need to advanced white label exchange solution fund your MetaMask wallet with some BNB to pay for transaction fees. For example, you can withdraw BNB from your Binance account to your MetaMask via the BEP-20 network. First, go to the MetaMask download page and select whichever platform you’re using. Once you initialize MetaMask there is a default account created (the red one in the screenshot below).

Initially, the wallet could only interact with Ethereum-based applications and crypto tokens. But over time, MetaMask developers have made the wallet compatible with a range of Ethereum Virtual Machine (EVM)-compatible blockchains, one of them being Binance Smart Chain (BSC). By following these steps, you have successfully integrated and connected Binance Smart Chain with MetaMask, and added Binance Smart Chain assets to your MetaMask wallet. No one can send cryptocurrency-based transactions without a crypto wallet.