Buying Binance Coin using MetaMask is a simple and hassle-free process that can be done in just a few steps. If Binance doesn’t support your current location, you can still buy BNB by using a different exchange and transferring the purchased funds to your BNB address from MetaMask. As you will be able to see, Binance Smart Chain is already listed as one of the popular networks users like to use with MetaMask, which makes the process of adding it to your MetaMask even simpler. Simply click “Add” next to “BNB Smart Chain” and then click “Approve”. However, we can use a different crypto exchange like Coinbase to buy BNB and other cryptocurrencies using credit cards, crypto transactions, PayPal, and other methods.
- If you don’t have the app yet, visit the Play Store or iOS to download it.
- Here are some examples of EVM-compatible blockchains that can be used with MetaMask.
- You can also buy BNB tokens on a crypto exchange like KuCoin and move them to fund your MetaMask wallet.
- Furthermore, it is EVM-compatible and has smart contract features that support NFTs and other DeFi use cases.
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Once the BNB Smart Chain is added, you can manage BNB and other BEP-20 tokens within MetaMask. It reduces the number of steps involved in the conventional way of buying BNB from any cryptocurrency exchange and transferring it to the wallet. Follow these simple steps and get your BTC using what is being done when shares are bought and sold the Apple Pay payment method in minutes with low fees. In our example, we’ll add information about PancakeSwap’s CAKE token on the Binance Smart Chain network to our MetaMask wallet. You’ll need the token’s contract address, which you can find on any Binance Smart Chain block explorer.
Import the token’s information into MetaMask
With the BNB Chain added, engage with its ecosystem by sending and receiving BNB, participating in staking, and exploring its DeFi and NFT landscape. The easiest option is to search for the token’s page on CoinGecko, and click the Metamask icon next to the token contract. Alternatively, you can select Custom Networks to add the BNB Smart Chain network. If you don’t have the app yet, visit the Play Store or iOS to download it. If you are using a web browser, you can add BSC to MetaMask automatically through BSCscan or manually through MetaMask. The fee in Transak to buy BNB is 3.19 USD; 2 USD for MetaMask, 1 USD for Transak, 0.19 USD for network/ exchange fee.
Buying BNB on MetaMask with your phone
You can connect your Ledger wallet to MetaMask so you can enjoy the best of both worlds — the convenience of MetaMask and the security of Ledger. A seed phrase is a string of words generated by a wallet, specifically made for you. Losing your seed phrase means losing access to your account, and, therefore, your funds.
Transak is available in more than 114+ countries with over 60 local currencies support. Before starting, in case you’ve not added the Binance Smart Chain Network to MetaMask, you need to add it to buy and store BNB inside MetaMask. You can easily bypass the transfer part of BNB with this method of buying.
If you choose to use a software wallet such as MetaMask, we recommend that you combine it with a high-quality hardware wallet. We provide a comprehensive overview of the best hardware wallets if you’re interested in learning more. Here, you will be able to see the list of networks your MetaMask is currently configured to work with. Now, let’s get started with our detailed guide to adding the Binance Smart Chain network to your MetaMask wallet. If you want to make your cryptocurrencies significantly safer, we recommend you get a Ledger hardware wallet.
However, this eliminates both the number of steps in buying in the centralized exchanges and transferring process of crypto to the MetaMask wallet. Transak in MetaMask is a payment gateway that allows users to buy crypto via fiat currency. Transak accepts Google Pay, Apple Pay, card payments as well as bank transfers. In the “Token contract address” section, paste in the contract address you copied from BSCScan. Then, MetaMask should be able to automatically detect the token symbol (CAKE) and decimal amount (18).
Remember to select “BSC (BEP20)” in the network field and avoid sending funds to the wrong network. This opens a new window, and you can select BNB Smart Chain from the different popular networks. Connecting to BNB Smart Chain using the https://cryptolisting.org/ MetaMask mobile app differs from the BSCscan and browser extension options. Also, BSCscan lacks the option of interacting with the MetaMask mobile app. Next, follow the remaining prompts such as OTP verification at the payment gateway.
You don’t need to add BNB to MetaMask manually after you switch over to the Binance Smart Chain network. However, you’ll need to manually add any other BNB Smart Chain-based tokens that you would like to use. Once your MetaMask wallet is set accordingly, you can explore the dApps on the BNB ecosystem. But you need the BNB first to make purchases and pay for gas fees.
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