How to add Binance Smart Chain to Metamask? - Is Crypto Over
As the popularity of decentralized finance (DeFi) continues to grow, it's becoming increasingly important for cryptocurrency users to have access to a wide range of blockchain networks. Metamask is one of the most popular browser-based wallets for interacting with DeFi applications and Ethereum-based blockchains. However, as more DeFi projects are being built on Binance Smart Chain (BSC), it's important to know how to add Binance Smart Chain to Metamask.
In this article, we'll walk you through the steps of adding Binance Smart Chain to Metamask and provide some tips on how to ensure the security of your funds.
What is Binance Smart Chain?
Binance Smart Chain is a blockchain network that is designed to support the development of decentralized applications (dApps) and other blockchain-based projects. It is a high-performance blockchain that is capable of processing thousands of transactions per second, making it a fast and efficient platform for developers and users alike.
BSC is built on top of the Ethereum network, making it compatible with Ethereum-based protocols and tools, such as Metamask. This compatibility makes it easy for developers to build dApps and other projects on the Binance Smart Chain, as they can use the same tools and protocols that they are already familiar with.
In addition to its speed and efficiency, Binance Smart Chain is also highly secure. It uses a proof-of-stake consensus mechanism, which is more energy-efficient and secure than other consensus mechanisms, such as proof-of-work. This makes BSC an ideal platform for developing and deploying blockchain-based projects, as it provides both the speed and security that developers and users need.
How to add Binance Smart Chain to Metamask?
Step 1: Update Metamask
Before we start, make sure you have the latest version of Metamask installed on your device. To update Metamask, go to the Chrome Web Store or Firefox Add-ons Store and search for Metamask. If there is an update available, click on "Update" to install the latest version.
Step 2: Go to the Network Switcher
Click on the network switcher in the top right corner of the Metamask website interface or in the top corner of the Metamask extension. Select "Add Network"
Step 3: Add BNB Smart Chain Network
Add the ‘BNB Smart Chain’ Network from a list of popular networks suggested by Metamask or click ‘add a network manually’ and fill these following details
Network Name: BNB Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Chain ID: 56
Block Explorer URL: https://bscscan.com/
Step 4: Start Using BNB Smart Chain with Metamask
Now that you've added Binance Smart Chain to Metamask, you're ready to start using Binance Smart Chain with Metamask. Simply navigate to a DeFi application built on Binance Smart Chain and follow the on-screen instructions to start using the application.
Tips for Securing Your Funds
In order to ensure the security of your funds when using Binance Smart Chain with Metamask, it's important to follow some basic tips and guidelines. Here are some essential tips for securing your funds:
Always Keep Your Metamask Wallet Backed Up
It's extremely important to keep your Metamask wallet backed up, as this will protect your funds in case your device is lost, stolen, or damaged. Make sure to store your backup phrase in a safe and secure place, away from prying eyes.
Enable Two-Factor Authentication
Enabling two-factor authentication (2FA) is another important step in securing your funds. This adds an extra layer of security to your Metamask account, ensuring that only you have access to your funds.
Use a Strong Password
It's crucial to use a strong password for your Metamask wallet, as this will help protect your funds from hacking and other security threats. A strong password should be at least 12 characters long and include a mix of letters, numbers, and special characters.
Stay Up-to-Date on Security Threats
Staying informed about the latest security threats and vulnerabilities is an important aspect of keeping your funds safe. Stay informed by regularly reading security-related news articles and following trusted sources in the cryptocurrency community.
Don't Share Your Private Key with Anyone
Your private key is the key to accessing your Metamask wallet and its funds. As such, it's crucial to keep it safe and secure, and never share it with anyone.
By following these tips, you can ensure the security of your funds when using Binance Smart Chain with Metamask. It's important to stay vigilant and informed about the latest security threats, and to always follow best practices for securing your funds.