In recent years, the Binance Smart Chain (BSC) has amassed a loyal audience due to the fact that it is a commendable alternative to the ETHereum blockchain. The combination of Metamask and BSC opens up a whole lot of features to the users.
To take advantage of these features, we will explain the process of connecting your Metamask wallet to the Binance Smart Chain. So, without any delay, let’s learn how to add BNB to Metamask to perform transactions on the Binance Smart Chain network.
How To Add BNB To Metamask?
In order to receive the benefits, the Metamask wallet must be connected to the Smart Chain. Here are the three easy steps to connect Metamask to BSC.
- Step 1: Metamask Installation & Wallet Creation
- Step 2: Wallet Configuration
- Step 3: Add the Binance Smart Chain Network
Step 1: MetaMask Installation & Wallet Creation
If you do not own a wallet, the first thing that needs to be done is for you to download and install the Chrome extension of Metamask.
Open Chrome and visit the official Metamask website then click "Download Now"
On the download page, select "Install Metamask on Chrome"
After installation, you'll be asked if you're "New to Metamask?" along with several options like "Import Wallet" and "Create A Wallet"
If it's the first time you're using Metamask, click on "Create A Wallet", or else, click on "Import Wallet" for your secret recovery phrase.
Upon selecting the former, you'll get a recovery phrase that can be used to get access to your Metamask wallet. The verification of this recovery phrase will be the last step to wallet creation.
Step 2: Wallet Configuration
By default, MetaMask is connected to the ETHereum mainnet. But in order 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.
On the Settings page, select "Network"
To add Binance Smart Chain (BSC) manually, click "Add Network" in the upper-right corner.
We can now proceed with adding the BSC network’s mainnet.
Mainnet
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
Once you click ‘Save’ and return to the main view, you’ll notice two things: the network has automatically been set to the one you just entered, and the units are no longer denominated in ETH, but in BNB.
Step 3: Add the Binance Smart Chain Network
Now, you'll notice the BNB icon alongside your BNB balance.
The "Smart Chain" dropdown menu will be displayed in the upper-right corner.
Thus, you've connected MetaMask to Binance Smart Chain (BSC). When you want to set it back to the ETHereum network, simply select the "Smart Chain" option and select "Ethereum Mainnet".
Now that you’ve added the Binance Smart Chain network to Metamask, you are now able to perform transactions. When BNB (Binance’s native token) is transferred to your Metamask wallet, the BNB balance will show up as it is the native currency used in the network.
Is Connecting Metamask to BSC Safe?
You’ve gone and finished the whole setup of connecting Metamask to Binance Smart Chain. But the important question is, is this safe? It’s your tokens at risk after all. The good news is that connecting Metamask to Binance Smart Chain is completely safe.
BSC supports EVM and that’s why it is easy to bring projects over from ETHereum. But even though Metamask supports all EVM networks, it can only support Ethereum and all ERC20 tokens that were based on or are a hard fork of the Ethereum blockchain with some additional configuration.
And even though it is safe, it doesn’t mean that you should be lenient while transacting on BSC with Metamask. While withdrawing your BNB tokens, you should always be mindful that you have to withdraw them as BEP20 tokens or you will lose all your tokens. In case you end up withdrawing them as BEP2 tokens, you won’t lose your coins but they will not have the desired functionality. For instance, if you use them on dApps, they will not function as they don’t possess that functionality.
What Is Metamask?
Metamask is essentially a crypto wallet that can be used to connect to the ETHereum blockchain. Ethereum-based tokens, such as ERC20, 721, etc. are supported by the Metamask wallet. Primarily, it is used to communicate with the Ethereum blockchain, but you can also connect Metamask to the Binance Smart Chain network, which will enable you to make BNB transactions through Metamask. Apart from that, BNB can also be swapped for other tokens on decentralized exchanges
Is Binance Smart Chain BEP20?
BEP20 sets the token standard for BSC. In a lot of ways, it is similar to ETHereum’s ERC20 standard but has a few more functionalities. All the tokens created on BSC have to follow the BEP20 standard.
Closing Thoughts
Metamask has been the leading wallet for the bustling ETHereum ecosystem, but now you’ve also seen how to add BNB to Metamask for swapping and exchanging tokens.
With minimal effort, anyone can configure it to point towards Binance Smart Chain, which enables them to enjoy years of development put into making Metamask an indispensable tool for anyone interacting with decentralized applications.
