Users can add Binance Smart Chain or BNB Chain to the MetaMask Wallet because it’s an EVM (Ethereum Virtual Machine) compatible blockchain. Adding it to your wallet is straightforward by submitting the chainID and RPC information via the ChainList app. Continue reading to learn how you can get started.
About BNB Chain
BNB Chain is a high-performance and secure blockchain network created by Binance, a popular cryptocurrency exchange to support smart contracts and dApps (decentralized applications). It utilizes an updated edition of the Tendermint consensus algorithm known as Binance-dBFT, which permits quicker transaction processing and more scalability.
Numerous DeFi (decentralized finance) apps are available on BSC (Binance Smart Chain), such as decentralized exchanges, lending platforms, token swaps, and stablecoins platforms. These projects can benefit from the BSC’s low transaction fees and high performance, making it an intuitive platform for developers to create their DeFi apps.
Other apps available on BSC are Gaming, NFT (non-fungible token) marketplaces, and prediction markets.
How BNB Chain Operates
BNB Chain uses PoSA (Proof-of-Staked Authority) consensus algorithm, proof-of-authority, and proof-of-stake models. To become a validator, one must stake a particular amount of BNB tokens on the network and receive transaction fees once they validate eligible blocks on the network.
Binance has designed BNB Chain and Binance Chain to work in unison, and Binance consists of an in-built simple cross-chain support between them. Users can quickly send assets between the blockchains, pairing the quick trading abilities of the Binance Chain with the smart contract functionality of the BNB Chain. The users can likewise swap the BEP-8 and BEP-2 tokens of Binance Chain for BEP-20 tokens of Smart Chain.
Also, EVM compatibility means developers of decentralized applications on other blockchains can easily port them to BNB Chain. This can become specifically captivating to dApp operators as ETH continues to expand and gas fees increase, even though ETH has planned a shift to a proof-of-stake model in ETH2.0 can increase a few of its existing scaling concerns.
Also Read: How to Add Tron (TRX) to MetaMask Wallet
How to Add BNB Chain to MetaMask
As mentioned, the simplest way to BNB Chain is by providing RPC and chainID data or through the ChainList platform.
Manually
To add the BNB Chain to your wallet, you will require the following information:
Mainnet
- Network Name: Smart Chain
- RPC URL: https://bsc-dataseed.binance.org/
- Chain ID: 56
- Symbol: BNB
- Block Explorer URL: https://bscscan.com
Testnet
- Network Name: Smart Chain – Testnet
- RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545/
- ChainID: 97
- Block Explorer URL: https://testnet.bscscan.com
- Currency Symbol: BNB
Check out the step-by-step procedure below to get started:
- To begin, you must open the MetaMask Wallet Extension on your PC and sign in to your wallet using the login credential.
- After unlocking your wallet, hit the Multicolor Circle icon and choose the Settings option.
- Then, tap the Networks dropdown icon and pick the Add Network option.
- On the next page, you should input the necessary details, such as network name, currency symbol, chainID, etc. You can copy and paste the above information to add BNB Chain to your wallet.
- Finally, press the Save button at the bottom to finish the process.
From ChainList Platform
The chainlist platform aggregates each EVM network detail, enabling you to add the correct RPC and ChainID to your wallet in a few steps.
- Head to the official Chainlist platform and connect to the MetaMask Wallet.
- After connecting the wallet, you must look for the BNB Chain using the search box at the top.
- Then, press the Add to MetaMask Wallet button, and the correct RPC data will automatically add to your wallet.
What Makes BNB Chain Unique?
The cross-chain compatibility between BNB Chain and Binance Chain provides an interesting tandem of possibilities to creators, enabling them to manage the respective strengths of the blockchains to enhance the performance and functionality of their dApps.
Also, Ethereum Virtual Machine compatibility means one can bring the decentralized applications over from ETH and improve on the BNB Chain. There are many coming blockchains to steal some of the thunder through ETH because of the EVM support, like Telos and Avalanche, and Binance is also adding its name to the list with BNB Chain.
What are the Alternatives to BNB Chain Wallets?
Trust Wallet is the leading and trusted alternative to the MetaMask for BNB Chain on Trust Wallet. Trust is a mobile wallet designed by Binance, which makes it the best option for users who wish to access the network through their smartphone. Also, the wallet supports several other dApps and blockchains, making it the best one-stop-shop option.
Also Read: How to Add Bitcoin Network to MetaMask Wallet
Conclusion
Adding BNB Chain to MetaMask is easy to use the verified ChainID and RPC data or the Chainlist app, which offers correct RPC endpoints and ChainID data. BNB Chain, a top-performance blockchain network created by Binance, supports multiple dApps and provides low transaction costs, making it a reliable platform for the NFT marketplace, DeFi projects, gaming, and others.
