How to set up metamask wallet for binance smart chain

Installing and setting up MetaMask

MetaMask can be downloaded on Chrome and Firefox, or on iOS and Android if you’re a mobile user. For the purposes of this tutorial, we’ll use the Firefox version, but the instructions will be more or less the same for every platform.

Firstly, you’ll want to head over to the MetaMask Download page. From there, select whichever platform you’re using, and follow the steps to install it on your device. Easy!

Next, follow along with the setup specified by the app. Go ahead and click Create a Wallet. Write down the backup seed phrase somewhere secret (preferably not on an Internet-connected device). Without this phrase, your funds can’t be recovered if your device is damaged or lost. Confirm that you’ve written them down on the next page.

And that’s it! You should now see your wallet, ready to send and receive funds.

The freshly-initialized MetaMask wallet.

Configuring the wallet

You might notice straight away that we’re still dealing with an Ethereum wallet. At best, this won’t work with BNB Smart Chain (BSC) DApps. At worst, you could lose funds by sending them to addresses you can’t actually use.

Let’s change that. We want to access the Settings to point the wallet towards BNB Smart Chain nodes.

Select Settings from the dropdown menu.

On the Settings page, we want to locate the Networks menu.

The Networks menu.

We want to click Add Network in the top-right corner to manually add the BNB Smart Chain one – it doesn’t come packaged with MetaMask. It’s important to note that there are two networks we can use here: the testnet or the mainnet. Below are the parameters to fill in for each.

Mainnet (This is the one you are probably looking for)

Network Name: Smart Chain

New RPC URL: https://bsc-dataseed.binance.org/

ChainID: 56

Symbol: BNB

Block Explorer URL: https://bscscan.com

Testnet

Network Name: Smart Chain – Testnet

New RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545/

ChainID: 97

Symbol: BNB

Block Explorer URL: https://testnet.bscscan.com

We’re going to use the testnet in this tutorial, but you will likely want to use the mainnet. We recommend adding both if you intend to use MetaMask to transfer BNB or BNB Smart Chain tokens. 

Once you Save the Network 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.

We’ve connected to the testnet, but you’ll probably be connecting to the mainnet.

Making transactions (on the testnet)

Don’t let the Ethereum logo fool you – we’ve tuned into the BSC testnet. Next, let’s get some funds to play with. Hover over Account 1, and click to copy your address to the clipboard. We’ll head over to the BNB Smart Chain Faucet and paste it into the form.

 Let’s get rich.

Peggy coins might be of interest if you’re testing out an application that supports BEP-20 tokens. They’re simply tokens issued on BNB Smart Chain that are “pegged” to assets on other chains (like BTC, XRP, USDT, etc.), meaning that they trade at the same price. 

Let’s stick to BNB for now. Click on the Give me BNB dropdown and select the amount you wish to receive. You might need to wait a couple of minutes, but the funds will show up in your testnet wallet imminently.

Our newly-funded wallet.

From here, we’ll send the funds off somewhere to demonstrate how it works. We’ve just grabbed a random address from BscScan Testnet that we’ll donate them to. Go ahead and click Send

You can ignore the parts relating to ether. Here, you can manually adjust the fee if required.

We’ve gone with a transaction of 1 BNB. We’ll leave the fees untouched and hit Next. We then get one more chance to review the transaction – if everything looks good, hit Confirm. And that’s it! You’ll get a notification informing you when your transaction settles.

Closing thoughts

MetaMask has long been the go-to passport for accessing the sprawling Ethereum landscape. But, with minimal effort, anyone can configure it to point towards BNB Smart Chain. This allows them to enjoy years of development put into making MetaMask an indispensable tool for anyone interacting with decentralized applications.

Binance is one of the well-known names in the crypto space. However, most people don’t know that apart from trading, Binance also has another wing that’s actively involved in running smart contract-based apps. These two wings of Binance are Binance Chain and Binance Smart Chains (BSC) respectively. Comparable to Ethereum’s ERC20, Binance Smart Chain is capable of hosting BEP20 tokens, such as $CAKE or $BAKE.

Let’s learn how to add Binance Smart Chain to MetaMask for seamless transactions in BNB.

Linking Binance Chain to Metamask: What is MetaMask?

Before we get started, it’s important to understand what MetaMask is. 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 this transaction, BNB can also be swapped for other tokens on decentralized exchanges.

Binance & MetaMask: How to Add Binance Smart Chain to MetaMask

In order to receive the benefits, the MetaMask wallet must be connected to the Smart Chain. Here are the four easy steps to connect MetaMask to BSC.

  • Step 1: MetaMask Installation & Wallet Creation
  • Step 2: Wallet Configuration
  • Step 3: Binance Smart Chain Network
  • Step 4: Funding Your Wallet

Step 1: MetaMask Installation & Wallet Creation

If you do not own a wallet, the first thing that needs to be done is to download and install the Chrome extension of MetaMask.

  • Open Chrome and visit the official Metamask website and 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.

On 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

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.

  • 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 two networks Smart Chain testnet and the mainnet.

Mainnet

Network Name: Smart Chain

New RPC URL: https://bsc-dataseed.binance.org/

ChainID: 56

Symbol: BNB

Block Explorer URL: https://bscscan.com

Testnet

Network Name: Smart Chain – Testnet

New RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545/

ChainID: 97

Symbol: BNB

Block Explorer URL: https://testnet.bscscan.com

After saving the network, you’ll observe that your denominations have been converted to BNB instead of ETH.

Step 3: Binance Smart Chain Network

  • Finally, 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, just select the “Smart Chain” option and select “Ethereum Mainnet”.

Step 4: Funding Your Wallet

Now that we’ve learned how to add Binance smart chain to MetaMask, it’s time to make transactions using the Metamask wallet.

  • Get the contract address of the token and copy it.
  • Once you click on the address, you’ll automatically be redirected to the BSCScan page and copy the contact address there.
  • Once again open MetaMask and click on “Add Token”
  • Paste the copied contract address in your MetaMask and select “Next”
  • Complete the process by selecting “Add Token” How To Add Binance Smart Chain To MetaMask

Do You Need A Binance Chain Wallet to Link Binance Smart Chain to Meta Mask?

To answer in one line: No, you don’t need a Binance chain wallet to be able to add Binance smart chain to MetaMask. This is because the Binance chain wallet is just a wallet that supports the Binance Chain network.

There are two ways to store your crypto assets on Binance Smart Chain-

  • Either use the Binance Chain Wallet or MetaMask
  • Or use the Binance platform (heads up — storing large amounts of crypto is not recommended)

What are the Benefits of Linking Metamask and Binance Smart Chain?

There are multiple reasons to connect MetaMask to BSC, here are some-

  • On linking the two platforms, you enable yourself the possibility to access, explore and use all DApps on BSC
  • Transferring ETH, BNB among other currencies to the Metamask wallet becomes easier and smoother
  • MetaMask is one of the safest wallets with protected user data allows which enhances the control of assets

The Bottom Line

For years, MetaMask has served as the standard entry point into the vast Ethereum ecosystem. However, anyone may setup it to point at BNB Smart Chain with a minimum of fuss. As a result, they may benefit from the years of work that have gone into creating MetaMask an essential tool for anyone working with dApps.

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Add Binance Smart Chain To MetaMask FAQs

1. How to add Binance smart chain to MetaMask?

In order to receive the benefits, the MetaMask wallet must be connected to the Smart Chain. Here are the four easy steps to connect MetaMask to BSC.

  • Step 1: MetaMask Installation & Wallet Creation
  • Step 2: Wallet Configuration
  • Step 3: Binance Smart Chain Network
  • Step 4: Funding Your Wallet
  • 2. Is MetaMask compatible with Binance Smart Chain?

    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 this transaction, BNB can also be swapped for other tokens on decentralized exchanges.

    3. Can I connect Binance to MetaMask?

    Yes, even though MetaMask interacts with Ethereum blockchain, there’s a way to connect Binance to MetaMask.

    4. What is a 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 this transaction, BNB can also be swapped for other tokens on decentralized exchanges.

    ZenLedger easily calculates your crypto taxes and also finds opportunities for you to save money and trade smarter. Get started for free now or learn more about our tax professional prepared plans!

    Get Started Now

    Written by Jane