Connecting MetaMask to Binance Smart Chain

janeiro 6, 2023

Installing and configuring the MetaMask application

The MetaMask wallet app is available for download on Chrome, Firefox, iOS and Android. For this tutorial, we’ll be using the Firefox version, but the instructions will be very similar for all platforms.

First, you must access the MetaMask download page. So, select the platform you are using and follow the steps to complete the installation on your device. Easy!
Then continue the installation through the application itself. Go ahead and click on Create a Wallet. Write down the backup seed phrase somewhere secret (preferably on a device that is not connected to the Internet). Without this sentence, your funds cannot be recovered if your device is damaged or lost. On the next page, confirm that you have already written/saved the seed phrase.

Ready! You should now see your wallet, ready to send and receive funds.

Configuring the wallet

You may have already noticed that we are still dealing with an Ethereum wallet. At best, it will not work with Binance Smart Chain DApps. In the worst case, you could lose funds by sending them to incompatible addresses.
Let’s settle this. We want to adjust the Settings (Settings) to direct the wallet to the nodes (nodes) of Binance Smart Chain.

Select Settings from the MetaMask drop-down menu.

On the Settings page, we want to locate the Networks menu.

We must click on Add Network in the upper right corner to manually add the Binance Smart Chain network – which initially does not come integrated with MetaMask. It is important to note that there are two networks that we can use here: the testnet (test network) or the mainnet (main network). Below are the parameters that should be used for each one.
Mainnet (this is the one you’re probably looking for)
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com

testnet
Network Name: Smart Chain – Testnet
New RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545/
ChainID: 97
Symbol: BNB
Block Explorer URL: https://testnet.bscscan.com
In this tutorial, we’re going to use testnet, but you’ll probably want to use mainnet. We recommend adding both if you intend to use MetaMask to transfer BNB or Binance Smart Chain tokens.
After Saving the network (Network) and returning to the main page, you will notice two things: the network has automatically changed to the one you just added, and the units are no longer denominated in ETH, but in BNB.

Making transactions (on testnet)
Don’t be fooled by the Ethereum logo – we tune into the BSC testnet. Now, we need some funds. Hover over Account 1 (Account 1) and click to copy its address to the clipboard. Let’s access the Binance Smart Chain Faucet and paste the address into the form.

Peggy Coins can be interesting if you are testing an application with support for BEP-20 tokens. Basically, they are tokens issued on Binance Smart Chain that are “pegged” to assets on other chains (such as BTC, XRP, USDT, etc.), i.e. they are traded at the same prices.
For now, let’s use BNB. Click on the Give me BNB dropdown menu and select the amount you want to receive. You may need to wait a few minutes, but soon enough, the funds will appear in your testnet wallet.

Now, we will transfer the funds to demonstrate how it works. We take a random address from the Testnet of BscScan to which we will donate the funds. Proceed and click Send (Send).

We made a transaction of 1 BNB. We will leave the fees intact and click Next (Next). Here, we have one more chance to check the transaction data – if everything is correct, click Confirm (Confirm). And ready! You will receive a notification letting you know when the transaction is complete.

Final considerations

The MetaMask has been the gateway to the vast universe of Ethereum. However, with minimal effort, anyone can set it up to route transactions to Binance Smart Chain. This allows users to enjoy the years invested in the development of MetaMask, making it an indispensable tool for anyone who interacts with decentralized applications (DApps).

HOW IT WORKS

We have prepared a special video showing how the entire process of valuing the STMI Token works! Through the burning ecosystem and the increase in the price of the STMI token that occurs cyclically, Holders of the private sale phase of the STMI utility-token have a great advantage in obtaining revenue through the volume of rewards in STMI that are converted into digital dollar in the Stakemine Staking Program.

DISCLAIMER: The STMI Token is not a digital security or equity participation token, nor has it been licensed for use in a financial service, or before any monetary authority or commission. It is a utility token, or a non-financial digital asset. STMI Token buyers must read all the terms, especially the White Paper in order to acquire the Token, as well as being aware of the risks associated with investing in blockchain technology, where the only person responsible for the tokens is the investor himself, who has to care for and protect your passwords and private keys. Cryptocurrency trading is extremely volatile and you can lose all your capital in the process. Due to the inherent risks associated with cryptocurrency, you should seek independent legal or financial advice to understand the nature of your position. Investors are solely responsible, and STMI and the people involved are exempt from any liability.

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