Ethereum is much safer to use than Binance. You can acquire your BNB on Binance here and receive a 20% discount on your trading fees: The disadvantages of trading on Binance Smart Chain This means that you will need to purchase BNB before you can purchase coins on the BSC network. The underlying asset is Binance Coin (BNB). It is important to note that BSC is not Ethereum based. You are now able to access the Binance Smart Chain and trade and stake BSC tokens. You can now go back to the main page of your Metamask wallet and select Binance Smart Chain or whichever name you gave the Network in the dropdown Menu on the top. You are now configured with Binance Smart Chain. *If you have trouble with this step you can find more information on the Binance Academy website: Connecting MetaMask to Binance Smart Chain.Ħ. However, it might be good to name it Binance Network or Binance Smart Chain. Network Name: It doesn’t matter what you name the network. In order to use the BSC mainnet you can fill in following information: You will then want to enter in all of the required fields. Click the big blue button “Add Network” on the bottom of the page (see picture below).Ī window will open where you will need to fill out the network settings for BSC (see picture below).ĥ. Next you will want to scroll down close to the bottom where you’ll see “Networks” (see picture above). Right next to “Ethereum Mainnet” on the top right corner, you will need to click the circle icon and select “Settings.”ģ. This is where you will later be able to select Binance Smart Chain once your wallet is configured with the BSC.Ģ. On the top you will see the “Ethereum Mainnet” dropdown.
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