Behind Ethereum, the Binance Smart Chain ecosystem is slowly but steadily taking shape. It is better than Ethereum’s network in many ways, such as processing speed, compatibility, and security. It has an exchange and a wallet, which gives it a higher utility score than most other coins.
It’s a must-have that’s easy to use and very useful. So, combining it with MetaMask is a great step for someone who uses crypto. Find out how to add the BSC network to MetaMask by reading on.
What is Binance Smart Chain?
Binance Smart Chain is a decentralized cryptographic system that powers Smart contract-related activities. It is the second blockchain by Binance, an improvement from its predecessor, Binance Chain (BC). It is not a replacement for BC; instead, it works on par as Connected in parallel, providing benefits to both sides. Hence, software creators and users can partake in Smart contracts and enjoy speedy transactions. Some of the many reasons to connect MetaMask to BSC are that it is fast, cheap, and efficient.
About Binance Smart Chain Technology
The BSC technology has BNB as its native coin and operates with the EVM(Ethereum Virtual Machine). The essence of the EVM is to enable it to support DApps powered by Ethereum. An example of decentralized applications that it supports is MetaMask.
The BSC crypto network is a side-chain to Binance’s initial blockchain. Hence, it is neither dependent nor a layer two solution to any network. It has a very swift operation system with a three-second block time. The network does not have minting rewards for users because its coin is anti-inflationary. Rather, it allows validators to stake their tokens and be rewarded with the fees charged from transactions. This ecosystem has a native asset storage platform for its users, the Binance Chain Wallet. It allows them to swap Binance tokens easily.
What you should know about MetaMask
Metamask is a cryptocurrency wallet that works with multiple Sidechains and lets users use internet-connected devices to communicate with decentralized applications.
MetaMask is available as a browser add-on and as a mobile app. You could do your crypto transactions with the Metamask extension instead of a third-party website platform. To find out more about MetaMask, click here to go to our page.
How Adding BSC To Metamask Works
Since MetaMask is not a default wallet for Binance, you have to input specific BSC details for them to work together. The first step is downloading the MetaMask plugin on your browser, activating it, and setting up your account. After creating your account, click the wallet open and set it to an expanded view.
Next, you add the BSC blockchain details to connect the network with MetaMask. To do this, open your profile, click the “Settings” function, and the “Add Network” function.
It is advised to fill out information for the Mainnet and Testnet so that you can easily use the wallet to send BNB and other tokens associated with the Binance Smart Chain ecosystem. Also, the Testnet allows you to test transactions before you make them. Hence, input the details as seen below:
(Mainnet)
- Network Name: Smart Chain
- New RPC URL: https://bsc-dataseed.binance.org/
- Chain ID: 56
- Symbol: BNB
- Block Explorer URL: https://bscscan.com
After filling in the information as seen, ensure to save it. Next, we go for the Testnet.
(Testnet)
- Network Name: Smart Chain – Test net
- New RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545/
- Chain ID: 97
- Symbol: BNB
- Block Explorer URL: https://testnet.bscscan.com
After doing this, you will receive a pop-up that scripts “Binance Smart Chain added.” When you leave the settings interface in the main tab, you will see that your network has changed to the Binance Smart Chain network. Instead of showing the Ethereum symbol, it now indicates BSC’s logo. If you check “Assets,” you will notice that BNB is on the list.
How To Send BNB To MetaMask
Now that you have added the Binance Smart Chain network to your wallet on MetaMask, you can easily send BNB between your wallet, other wallets, and the Binance exchange. The first step is to click on “Withdraw crypto” in your wallet and choose BNB.
Next, you copy your public address and send it to whoever is funding your MetaMask wallet.
If you are sending from your Binance exchange to your wallet, you should copy your address as earlier stated and paste it into your sending interface on the exchange. Once you paste the address, Binance will choose an appropriate network for the transfer. Before pasting, set the receiving network to BSC, so you don’t lose your coins.
Input your transfer amount and click “Withdraw.”
Benefits of adding Binance Smart Contract to MetaMask
When you add Binance Smart Chain to Matamask, you get the following benefits.
- One of them is that once the two platforms are linked, you can use all of the Binance Smart Chain DApps that are available on the BSC system.
- It becomes easy to move money into a MetaMask wallet.
- You are in charge of your property.
Frequently Asked Questions
How Can I Send From Binance to MetaMask?
Open MetaMask and copy the address of the token you want to receive. Head to your Binance application and open the “Fiat and Spot” interface. Select the coin you want to send, paste the address, input your sending amount, and send.
Can I Add Polygon To Metamask?
Yes, you can add Polygon to MetaMask. Open your MetaMask wallet on your browser and input Polygon’s Network name, Symbol, Blockchain URL, Chain ID, and RPC.
Can I Use MetaMask with BSC?
MetaMask is an Ethereum-supported universal wallet. Hence, it supports BSC
Can MetaMask Hold BSC tokens?
Yes, MetaMask can hold BSC tokens. However, the BSC network needs to be linked with MetaMask.
Does MetaMask support ETH-BSC?
MetaMask supports ETH-BSC transactions. You must link your wallet to the bridge and select ETH from BSC to ETH networks. Ensure to have some BNB for gas charges.
Can I Use BSC To Transfer MATIC To MetaMask?
Sending MATIC to MetaMask requires that you integrate Polygon with MetaMask. You can send MATIC through Binance Smart Chain and Ethereum blockchains. It depends on why you need the token.
Can I Send Matic With BSC To Any Wallet?
You can send MATIC through the BSC blockchain to any location. However, you will have to bridge Polygon’s network and pay high gas charges.
What Are Cross-chain Bridges?
Cross-chain bridges allow data and tokens to be exchanged between blockchain networks.
Is MetaMask free to use?
Yes, MetaMask is a free-to-use web extension and mobile for Google Chrome, iOS, and Android devices.
What is the difference between Binance Chain and Binance Smart Chain?
Binance Chain is Binance’s first blockchain. It was, however, not as easy to program as it could have been. The Binance Smart Chain (BSC) was made to get around these problems.
Conclusion
The Binance Smart Chain technology is an improvement of the Binance Chain. It does not replace or compete with the BC network. Inst, it aids its functionality and works as a side-chain. It supports MetaMask because of MetaMask’s universal nature.
Although the blockchain has its native wallet, using the MetaMask software provides many advantages that extend beyond the Binance Smart Chain ecosystem. Understanding the concept of connecting the BSC network to MetaMask gives you an idea of what it is like to make other blockchain systems work with the wallet.
