Configuring MetaMask
MetaMask wallet has shown to be effective for decentralized finance (DeFi) applications, especially for use on the Binance Smart Chain.
Installing MetaMask Wallet
You can install MetaMask on Chrome, Firefox, or IOS and Android if you’re a mobile user. The first thing you need to do is head over to the MetaMask download page and select whichever platform you’re using. Then, follow the instructions to install it on your device. It is quite easy.
The next step is to follow along with the setup specified by the app. Go ahead and click Create a Wallet. Make sure you write down your seed phrase somewhere secret. Ideally, it should not be on the Internet-connected device.
*Keep in mind that if you lose or damage your device, you will not be able to recover your funds without the seed phrase.*
Confirm that you have written your seed phrase down on the next page. Now you’re good to go and your wallet is set up to receive and send funds.
Remember to store your seed words at a safe place, NEVER give it out to anyone, be aware of scammers!
Whoever has your seed words will be able to access all your wallet funds.
Connecting MetaMask to BSC Network
When you open your MetaMask wallet, you might notice that you’re still dealing with an Ethereum wallet. At best, it will not work with Binance Smart Chain. At worst, you can lose all your funds by sending them to addresses you cannot use. In order to change that, you need to follow a few easy steps depicted below.
Step 1: Open your MetaMask click the colored circle in top right corner of your wallet and go to “Settings" in the bottom
Step 2: Select “Networks” and press the “Add Network” button.
Step 3: Insert the following information.
Network Name: Binance Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Step 4: Select the newly added BSC network and you will be connected to the BSC network.
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