MetaMask is one of the most popular software wallets that is available to crypto users across the world. It integrates well with almost all DeFi applications and is very easy to set-up too. However, there is a problem. It does display other chains by default.
Does this mean that you can only use MetaMask on Ethereum? No!
In fact, you can connect MetaMask to multiple chains. In this tutorial, you will learn how to connect your MetaMask wallet to Binance Smart Chain. Let’s dive in.
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 Binance Smart Chain 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 Binance 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 Binance 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.
Once you’ve successfully set up the BSC network on your MetaMask wallet, you can easily transfer BNB between other Binance wallets (including your Binance exchange account) and the MetaMask wallet. To do that, you simply need to go to your exchange and on your wallet, select “Withdraw crypto”.
Once you select “Withdraw Crypto”, you will be directed to this screen.
If you haven’t already, you will have to select BNB as your coin. Now, to transfer BNB coins, you will have to copy your MM wallet address. For this, you simply need to click on your account address (on MetaMask) and it will be copied to your clipboard.
Head back to the Binance screen and paste your wallet address. Most likely, Binance will automatically choose the network through which the BNB can be transferred. And in this case, as you can see, it has already chosen the BEP-20 network.
Remember that you must only select the BSC network otherwise, your assets will be lost!
Now, you must enter the amount that you wish to transfer and select “Withdraw”. You will be asked to accept the undertakings – these are just here to remind you that if you select the wrong network, your assets will be lost. Be sure to double-check that only the BSC network has been selected.
Once that is done, your transaction will be completed. You will have to wait until it is processed by the network.
Once it is successful, you will see the exact BNB transferred to your MetaMask wallet.
Your wallet is now set up! You can easily transfer assets between your Binance account and MetaMask.