![]() When your transaction has been confirmed, your BEP-20 token should show up inside your wallet.ĭepending on the wallet you chose, the BSC network may need to be manually added. Connect your wallet to Binance Smart Chain.When you’ve successfully transferred BNB from the Binance exchange to your wallet of choice, you’re ready for step 4. With your wallet downloaded and your seed phrase secured, reopen your Binance app and withdraw your BNB. Keep this phrase secret and secure it in a safe place - it's the only way to access your crypto should you need to recover your wallet. Whichever wallet you choose, you’re going to want to make note of the seed phrase. Each connects seamlessly with the BSC network. MetaMask and Trust Wallet are 2 of the most popular options. In order to transfer your BNB out of the exchange and interact with DApps on BSC, you’ll need to download a cryptocurrency wallet with connectivity features. When withdrawing BNB from the Binance exchange to your wallet, as described further in step 3, be sure to specify Binance Smart Chain (BSC) as your transfer network. The token standard for BNB on Binance Chain is different from the BEP-20 standard necessary for transactions on BSC. Remember, Binance Chain is the original blockchain running parallel to BSC. Just hang tight as the transaction is processed. Click the verification button within your email and voila, you’ve done it. Make sure you check your spam folder if you aren’t immediately notified of new mail. With the order placed, you’ll have to verify the transaction. You can also buy BNB directly at the current market price. Should you choose to move forward, the Binance app leads to another screen where parameters for limit and stop prices can be set. When you’ve chosen your base pair, the buy button is prominently displayed. Purchasing the coin is as easy as clicking a few buttons. When you’ve passed your identity verification process and successfully transferred Bitcoin (BTC) or fiat to the exchange, you’re ready for step 2.īinance Coin (BNB) is available for trading against a number of base pairs on the Binance exchange. The ACH process for deposits and withdrawals may take a while, depending on your bank’s response to the initial request. You may also need to connect your bank account for fiat transfers into the exchange. Remember, your identity will have to be verified through the exchange’s Know Your Customer (KYC) process. consumers, try Binance.US.īefore you create your account, make sure you have the appropriate documentation at your disposal. Binance offers a large array of cryptocurrencies and some great tools for trading. Write down the recovery phrase.Ĭlick on the “Ethereum Mainnet” to drop down the list of networks and choose “ Add network“.As you’ll need BNB in your wallet to explore DApps in the BSC ecosystem, a Binance account is in order. It will be a regular one for the Ethereum mainnet. Tap the icon in your browser and create a wallet. Install the MetaMask Google Chrome Browser Extension. It can also be used as a mobile wallet, but we are not going to use it in this tutorial. MetaMask is available as a browser extension and for iOS/Android devices. How to set up MetaMask wallet for Binance Smart Chain Network On the Binance Smart Chain, the transaction fees are low and paid in BNB BEP20. Binance Smart Chain is fully compatible with the EVM - Ethereum Virtual Machine. This was made not to overload the one chain and was a very smart move. Binance Smart Chain (BSC) for smart contracts – DApss and BEP20 tokens. Binance chain, which is used for the trading platform. ![]() You can also easily connect MetaMask to a hardware wallet if you want to keep your BSC BNB BEP20 and tokens safe.īinance has 2 parallel and fully interoperable blockchains. Here is how to set up a MetaMask wallet for Binance Smart Chain to manage BEP20 tokens and use on DApps, like DeFi protocols.
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