How to Use Your MetaMask as a Binance Chain Wallet [#BSC Tutorial]

How to Use Your MetaMask as a Binance Chain Wallet [#BSC Tutorial]

By D3F1 | DeFi Box | 15 Apr 2021


Binance Smart Chain has been on an absolute tear since its inception in September 2020. The ecosystem is thriving as it swept past $10 billion TVL by February 2021 and continued higher to break $30 billion TVL on April 12th, 2021.

It is important to learn about Binance Smart Chain but first, you will need to know how to install a wallet to hold the assets. One of the best wallets to use is something you are familiar with - MetaMask.

What is MetaMask and How You Can Use it to Connect with Binance Smart Chain

MetaMask functions as a gateway that allows users to have direct access to any blockchain dApp on the Ethereum network right from your desktop browser.

Ethereum? I thought you said this was a Binance Smart Chain Tutorial?

Well, it is. MetaMask is great because it also lets you connect directly to the Binance Smart Chain and use a familiar user interface that you have grown to master over the past year. There are a few steps involved, so it’s essential to do things carefully, as described in this tutorial. 

Don't worry if you already have assets in your MetaMask. After connecting to the Binance Smart Chain you will still be able to easily switch back to the Ethereum Mainnet and utilize all your assets on both chains. 

First, you need to download MetaMask and set the initial Ethereum wallet up before connecting it up to the Binance Smart Chain.

If you need help installing MetaMask, take a look at this article. It covers everything you need to know from installing the wallet and setting up your Ethereum account. 

Once you have the MetaMask wallet set up, the next set is to connect MetaMask to the Binance Smart Chain network.

Connecting MetaMask to the Binance Smart Chain

At first, connecting your MetaMask to the Binance Smart Chain might seem a little daunting. However, I can assure you that after following this tutorial you should have no problem with hooking your MetaMask up to the network. You will also be able to switch back and forth between Ethereum and Binance Smart Chain. 

First, click the profile icon on the MetaMask wallet and head for the settings page;

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Once on the settings page, we need to head over to the “Networks” tab;

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This will show us all the networks that the MetaMask is attached to. As default, it is always connected to the Ethereum mainnet with options to also connect to a range of different Ethereum testnets. From there, we need to add a new network to connect to BSC. To do this, simply hit “Add Network”;

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This will bring up the following fields for you to fill in;

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Here we need to fill in all the relevant fields to connect the MetaMask to the Binance Smart Chain. The official details are as follows;

Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Chain ID: 56
Currency Symbol: BNB
Block Explorer URL: https://bscscan.com

Fill in all these details and hit “Save”;

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Once saved, you close the settings page and you will see that your MetaMask is now officially connected to “Smart Chain” which is the Binance Smart Chain we just set up;

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You can see that the chain selected says “Smart Chain” and the currency is now showing BNB instead of ETH. This confirms that you are now connected to the Binance Smart Chain.

To switch back to the Ethereum network, simply click the menu where it says “Smart Chain” and re-select the Ethereum Mainnet;

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You can use this method to easily switch between both Blockchains and manage your assets on each respective chain.

That’s all there is to it. You have now hooked up your MetaMask to the Binance Smart Chain and can easily switch between both BSC and the Ethereum network.

 


D3F1
D3F1

Yet another defi fan


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