- #COINBASE TO METAMASK BINANCE SMART CHAIN HOW TO#
- #COINBASE TO METAMASK BINANCE SMART CHAIN DOWNLOAD#
If you lose this and forget your password, it will be a catastrophe (and I'm not exaggerating). You will be asked to write down the recovery phrase if you create a new one. Image via MetamaskĪfter downloading the wallet, you have the choice of creating a new one or restoring a wallet using a recovery phrase. However, other browsers such as Brave, Firefox and Edge are also supported. For browser extensions, Chrome is the most common one to use.
#COINBASE TO METAMASK BINANCE SMART CHAIN DOWNLOAD#
So let's get started with the basics!īrowse to the Metamask webpage to download the wallet. Once that's set up, the mobile version only requires a recovery phrase, known as a seed phrase, to gain access. While both browser and mobile versions are available for Metamask, this article walks you through the browser extension version of setting up the Metamask wallet. How then do you interact with these dApps? That's where Metamask comes in! Metamask Installation There are a plethora of dApps built on BSC, including my favorite Pancake Swap because of the cute NFTs!) with low fees as a defining feature and have gained popularity amongst crypto users. minuscule amounts of assets that didn't get traded entirely, you can convert these dust amounts to BNB. Thankfully, the BSC acronym applies to both the old and new names, so we will use that throughout our article.īSC has its own token (BNB) that is also used on the exchange to pay for fees.
Binance Chain is now known as BNB Beacon Chain, while Binance Smart Chain's new name is BNB Smart Chain. When Ethereum launched its smart-contract capabilities, Binance followed with the Binance Smart Chain (BSC), which is EVM-compatible and has smart contract capabilities.Įarlier in February of 2022, Binance announced the convergence of both chains to what is known as the BNB ("Build and Build") chain. It was mainly for issuing tokens and trading them. Not content to be an exchange, Binance branched out to have its blockchain, known originally as Binance Chain, which does not have smart contract capabilities. Once it gets listed on Binance, it is normal to see some multiples before it settles to a more realistic price. Most assets might begin in a decentralised exchange. It started as a centralised crypto exchange and is known for the variety of assets listed for trading. What is Binance Smart Chain?īinance is a top crypto company in the crypto world. If you want to check out Guy's take on Metamask, this video is the one you need to watch.
#COINBASE TO METAMASK BINANCE SMART CHAIN HOW TO#
Open-source - If you know how to read computer codes, you are free to look under the hood of how the wallet works, check out its security capabilities, and if you spot something wrong, reporting it to them might net you a small reward as part of their bounty program.Instead, Metamask makes money from fees and online merchandise. Free without selling your data - No personal data is involved in using its services hence no advertisers sinking their sneaky claws into you.Permissionless - Anyone can download and set up an account.That said, there is a mobile version, so you can still "hold" it in your hand. It exists mainly as a browser extension, which is a pop-up on your browser. It's a virtual device because it's not something you can touch but only see with your eyes. Your doorway to interacting with crypto projects. However, the term "wallet" itself is a bit of a misnomer because when it comes to crypto, rather than the concept of ownership of these crypto assets, it's probably more accurate to say you "have access" to them. This device is commonly known as a "crypto wallet". Metamask is a virtual device that allows you to perform crypto transactions. When you do crypto transactions, whether it's someone sending you some crypto or vice versa, you need a way to perform these actions. Once completed, you can freely interact with dApps created on the Binance Smart Chain. This article will look at how to add the Binance Smart Chain (BSC) to Metamask. However, making connections in Metamask is not entirely straightforward, and you will need to configure some settings to make it work. Metamask is one of those wallets that support multiple chains. Different blockchains support different wallets. When navigating around crypto protocols, one of the standard actions you need to do is "Connect Wallet".
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