A blockchain running parallel to the ultimate ‘Binance Chain’ is what is referred to as Binance Smart Chain or BSC. The binance smart chain metamask amalgamation has recently concerned a lot of investors.
Unlike the binance chain, the latter has a better contract functionality accompanied by EVM compatibility. Here, the design goal remains constant on leaving the Binance Chain throughput intact to the smart ecosystem contracts.
The biggest perk of BSC is that it does not categorize under the off-chain or layer two solutions for the present Binance chain. It works independently even the binance chain system goes offline. Today’s article is all about unraveling the strength of BSC when included with MetaMask.
How To Connect Binance Smart Chart And Meta Mask?
Although MetaMask is easily available on both Firefox and Chrome, some users still ask how to add binance smart chain to metamask. Well, don’t worry because here is what you will need.
- Search for the MetaMask download page on your Android or IOS. Opt for whichever platform you are planning to use and further follow the next installation steps on your device. This is when you will need to make a wallet.
- There is an inherent interaction between the MetaMask and the Ethereum Public Chain. You can locate it on your screen’s top right corner, with the name “Main Ethereum Network.” This stage, however, does not let you interact with other apps on Binance Smart Chain. In order to switch this setting, you must access Settings. Further, keep the wallet imbibed in the BSC nodes.
- The third step includes clicking on “Add Network,” which is available in the top-right corner, and adding the BSC option manually. These steps make the binance smart chain metamask setting easier. But there are only two networks that you can use here. The first is the mainnet, and the second is the testnet. Given below is a clear comparison between the two.
| Mainnet | Testnet |
| The network is identified as Smart Chain | The network name is Smart Chain- Testnet |
| ChainID is 56 | ChainID is 97 |
| Visible to all as BNB | Has the same symbol, “BNB” |
| Trackable URL in block explorer: https://bscscan.com | Trackable URL in block explorer: https://testnet.bscscan.com |
After saving the network, you get to return to the primary view. Here you will notice two things: the network is automatically set for you, and next, you cannot denominate the units any longer in ETH. Although the Ethereum logo is still visible, you are now having interaction with the BSC.
Steps To Submit Cryptocurrencies On BSC With The Help Of MetaMask
The process to add binance smart chain to metamask isn’t complex, but depositing cryptocurrency on the Binance Smart Chain might be. After setting up the wallet, you can easily withdraw funds from the Binance account. Here, you might also make use of the Binance Bridge. With the help of BScScan, one can easily track their BSC Blockchain activity. Let’s find out what it takes to deposit cryptocurrencies using the binance smart chain metamask option.
- If somebody already has an account for carrying out Binance trades, this can be the easiest option. All they have to do is withdraw the funds simply from their Binance account and transfer it to the BSC wallet. Choose the BEP20 Compatible token here and then opt for Withdraw, this will redirect you to the landing page.
- Insert your BSC Wallet address wherever the “Address” has been asked. Binance is responsible for automatically changing your Network to “BEP20 (BSC).” If not, then the change will take place manually. However, the bigger question to consider here is, does metamask support binance smart chain?
- After taking note of all these, you will now have to insert the amount you want to send and next tap on withdraw. The funds must enter your MetaMask BSC wallet right away, and you must be able to carry out the next steps as well.
What Are The Perks Of Binance Smart Chain In BNB Crypto?
Cheap transaction fees
One of the major reasons why Binance Smart Chain is so popular among users is because of its cheap transaction charges. The reason behind the low charges is that BSC optimizes PoSA or “Proof of Staked Authority.” This paves the way for high throughput at a nominal fee.
Quick speed
For connecting binance to metamask, people prefer BSC, and the reasons are pretty obvious. The quick transactional speed lets the Binance Smart Chain network handle more than 100 transactions every second. It became possible ever since BSC started utilizing the dual-chain architecture.
Support of the ecosystem
Due to the presence of a growing and vibrant ecosystem, the BSC network has made developers and users its true fan. This is the only platform that has a low transaction fee yet better compatibility than other networks. As a result, there has been subsequent development of DApps, like NFT marketplaces and Decentralized Exchanges.
Ethereum compatibility
Compatibility with the EVM has surely made the binance smart chain metamask amalgamation a trusted process among users. This is a clear indication that it will support every tool and application available online on the Ethereum portal.
Token economics
The native token of Binance Smart Chain, BNB, has a bigger role to play in the operations of the network. BNB helps in paying the staking rewards, network governance as well as transaction fee. You will start noticing its benefits when you add bsc to metamask.
The Bottom Line
In summary, the binance smart chain metamask connection has remained a robust solution for providing endless benefits on BNB crypto. This informative guide will walk you through the different ways the BSC network helps.
Hope you found this article helpful. Thank you for reading! Also, don’t forget to use the comment box below for letting me know what is your take on this.
