$BNB holders can use Metamask to send and receive their $BNB token safely and securely in a few simple steps.
Non-Custodial Wallet
Metamask is one of the most secure crypto wallet solutions that allows its users to buy, store, send and swap crypto assets across various crypto networks. The crypto wallet solution allows its users to have absolute control of their assets.
$BNB is the native crypto asset that powers the BNB Chain. It can also be used to pay transaction fees on Binance for a discount.
In this piece, BSC News provides a comprehensive step-by-step guide piece highlighting how you can send your $BNB to a Metamask wallet.
Step 1: Setting-Up Metamask
First, install Metamask on your browser or mobile device by using this link.
Once you have installed the application/extension, you will be asked to create a password that allows you to gain access to your wallet. Create a strong password that is only known to you. You can choose to manage the password using a trusted and secure password manager.
Metamask will generate a secret recovery phrase that must be stored in a safe place. A secret recovery phrase is also sometimes called a seed phrase that allows for a user to regain access to the crypto assets stored in the wallet.
You can secure your seed phrase by manually writing the words down in the exact order or storing it using a password manager. You will then be asked to confirm your secret recovery phrase to ensure that you have saved the phrase before you can use your wallet.
Step 2: Adding Network Details
The default network on Metamask is the Ethereum Network. In order to store, send or receive $BNB, you must change the network to BNB Chain. Click on ‘Add Network’.
You will then be required to fill in the following details in the empty fields before you can transact on the new network.
The following are the particulars that you can cut and paste to complete the process.
Network Name: BNB Chain
New RPC URL: https://bsc-dataseed.binance.org/
Chain ID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
Once you have filled in the required fields, click ‘Save’.
The BNB Chain symbol will appear, it is an indication that you have added the right network.
Step 3: Sending $BNB from Binance
There are a few ways of sending $BNB to a Metamask wallet. You can send $BNB from a Metamask wallet to another Metamask wallet or from the Binance platform. For the purpose of this article, we will explore sending $BNB from a custodial wallet to a non-custodial wallet.
- Log into the Binance platform
- Choose the ‘Fiat and Spot’ wallet and select $BNB
- Click on ‘Withdraw’
- Fill in the required fields by copying the address on your Metamask wallet and filling the same address in your Binance platform
- Choose the network.
- Click on the ‘Withdraw’ button and the funds will be approved to be sent to the designated Metamask wallet.
A congested network may take a slightly longer time for the transaction to be approved. There are a few cautionary steps to be taken before proceeding with the withdrawal. First, ensure that the address is correct. Having a wrong address or incomplete address may result in a loss of funds. Secondly, always check the data that was filled into the required filled.
What is MetaMask:
MetaMask is a software cryptocurrency wallet user to interact with decentralized applications on smart contract blockchain networks like Ethereum and Binance Smart Chain. It is used as a browser extension and as a mobile app, equipping users with a key vault, secure login, token wallet, and token exchange.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisem*nt article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisem*nt article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Author
Chung Yee
Chung Yee has a legal background and has been involved in research works for the legal and compliance industry. Writing is his passion, centered on topics such as the blockchain and finance. His largest crypto holdings are Solana, Ethereum, and BNB Token.
Related News
As a seasoned enthusiast with a deep understanding of the cryptocurrency space, I can confidently guide you through the concepts discussed in the provided article. My expertise extends to the technologies and processes involved in handling digital assets, decentralized applications, and blockchain networks.
The article primarily focuses on guiding $BNB (Binance Coin) holders on using Metamask, a non-custodial wallet, to send and receive their $BNB tokens securely. Let's break down the key concepts discussed in the article:
-
Metamask:
- Definition: Metamask is a secure cryptocurrency wallet solution that enables users to interact with decentralized applications (DApps) on smart contract blockchain networks like Ethereum and Binance Smart Chain (BSC).
- Features:
- Browser Extension and Mobile App
- Key Vault for secure storage
- Secure login
- Token Wallet
- Token Exchange
-
Non-Custodial Wallet:
- Definition: A non-custodial wallet, like Metamask, is a type of cryptocurrency wallet that allows users to have complete control over their private keys and assets. It operates without the need for a third-party custodian.
-
$BNB (Binance Coin):
- Definition: $BNB is the native cryptocurrency of the Binance Chain. It serves various purposes, including powering the BNB Chain and facilitating discounted transaction fees on the Binance platform.
-
Binance Smart Chain (BSC):
- Definition: BSC is a blockchain network that runs in parallel with Binance Chain, providing a fast and low-cost alternative for asset transfers and decentralized applications.
Now, let's go through the step-by-step guide provided in the article:
Step 1: Setting-Up Metamask:
- Install Metamask on your browser or mobile device.
- Create a strong password.
- Save the secret recovery phrase securely.
Step 2: Adding Network Details:
- Change the network to BNB Chain on Metamask.
- Fill in the network details (Network Name, RPC URL, Chain ID, Symbol, Block Explorer URL).
- Save the settings.
Step 3: Sending $BNB from Binance:
- Log into the Binance platform.
- Choose the 'Fiat and Spot' wallet and select $BNB.
- Click on 'Withdraw' and fill in the required details (Metamask wallet address, network).
- Confirm and complete the withdrawal.
The article emphasizes caution during the withdrawal process, ensuring the accuracy of the recipient address and filled data.
In addition to the guide, the article includes a brief disclaimer about the risks associated with purchasing newly listed tokens and emphasizes the importance of conducting personal research. It also mentions that it is a paid press release, highlighting the need for readers to verify information independently.
Finally, the article concludes with a brief bio of the author, Chung Yee, who has a legal background and a passion for writing, focusing on blockchain and finance topics. The author discloses their crypto holdings, which include Solana, Ethereum, and BNB Token.
