![]() ![]() Right next to “Ethereum Mainnet” on the top right corner, you will need to click the circle icon and select “Settings.”ģ. This is where you will later be able to select Binance Smart Chain once your wallet is configured with the BSC.Ģ. On the top you will see the “Ethereum Mainnet” dropdown. Select Binance Smart Chain in dropdown menuġ.Select circle in the top right corner and select “settings”.Now that your Metamask wallet is installed on your browser or phone we can now start to configure it with the Binance Smart Chain in these 6 simple steps: Make sure you keep the seed phrase stored in a safe place, as this will be the only way for you to retrieve your wallet and therefore your assets, if you forget your password. Once you downloaded the Metamask wallet, you will need to setup the wallet by creating a login and a password. If you have difficulties downloading the Metamask wallet, you can check here fore more information. The MetaMask wallet it a Hot Wallet, also known as a software wallet that integrates to your browser and your phone. You can download Metamask from their website here. if you don’t have a Metamask wallet, you will need to download your Metamask wallet onto your browser or your phone before you can start configuring it with BSC. Download Metamask wallet in browser or on your phoneįirst things first.And here is how you do it: Before you setup BSC on Metamaskīefore you start setting up Binance Smart Chain for your Metamask wallet you first need to: However, before you start connecting your wallet to Pancakeswap and start trading and staking your BSC tokens, you need to configure your Metamask wallet with the BSC first. Like Uniswap is the main DEX for Ethereum, Pancakeswap is the main DEX for, Binance Smart Chain. The main advantage of trading on the Binance Smart Chain are the incredibly low transaction fees which can save traders a fortune. The BSC is it’s own DeFi ecosystem with liquidity pools and decentralized exchanges to trade on. Similar to the Ethereum Network developers can come and build Smart Contracts and cryptocurrencies on the Binance Smart Chain. The Binance Smart Chain is a blockchain ecosystem built by the Binance company. One of the most popular methods is by trading on the Binance Smart Chain. Fortunately, there are ways around these expenses. If you are familiar with Uniswap, you are probably used to the sometimes outrageous gas fees that you need to spend for transactions. Nevertheless, the launch of Binance Smart Chain is a significant event in the cryptocurrency space and it will likely have a positive impact on the long-term adoption of blockchain technology.Do you use a Metamask wallet and want to trade on the Binance Smart Chain? In this article we will show you how to configure your Metamask wallet for Binance Smart Chain (BSC) in a few simple steps. The Binance Smart Chain platform is still in its early stages of development and it remains to be seen how it will fare against other Ethereum-compatible blockchains in the long run. Binance Smart Chain is a permissioned blockchain, meaning that only certain entities are allowed to validate transactions on the network. The Binance team has also stated that they plan to improve upon Ethereum's governance model. These details can be verified on the Binance Academy Blog.īinance Smart Chain offers several advantages over Ethereum, including faster transaction speeds and lower fees. ![]() How to Add Binance Smart Chain to MetaMask.īelow you can find the RPC details for the Binance Smart Chain. ![]()
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