However, other browsers such as Brave, Firefox and Edge are also supported. For browser extensions, Chrome is the most common one to use. 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. 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. 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.Your doorway to interacting with crypto projects. We recommend adding both if you intend to use MetaMask to transfer BNB or Binance Smart Chain tokens. We’re going to use the testnet in this tutorial, but you will likely want to use the mainnet. Mainnet (This is the one you are probably looking for) Below are the parameters to fill in for each. It’s important to note that there are two networks we can use here: the testnet or the mainnet. 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.
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