What is a Crypto Wallet

A cryptocurrency wallet is used as a storage method for your crypto tokens or coins. Wallets allow users to keep custody of their crypto securely without needing to use a centralized entity. Some people call their wallets their crypto bank, but they can maintain token possession. The lovely thing about wallets is that you control them with your 12 or 24-word keyphrase, allowing users to access their crypto anywhere using the given keyphrase. It is crucial that users safely maintain this keyphrase as it is necessary to access your crypto assets, and if lost or stolen, your crypto assets will become un-returnable.

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Why Choose MetaMask

MetaMask wallet has shown to be quite effective, especially for use on the BNB Chain (BSC) and in decentralized finance (DeFi) as a whole. This article will guide you by setting up a MetaMask wallet on BSC.

How To Connect a MetaMask Wallet to BNB Chain Network

Step 1:

Open the MetaMask wallet using your desktop or phone.

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Step 2:

Open a wallet or import one, be sure to store your keyphrase safely.

Step 3: 

Go to settings:

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Step 4:

In settings select "Networks."

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Step 5:

Select the add network button and input the following information:

Network Name: BSC Mainnet

New RPC URL: https://bsc-dataseed1.binance.org/ or https://bsc-dataseed2.binance.org/

ChainID: 56, or 0x38 if 56 doesn’t work

Symbol: BNB

Block Explorer URL: https://bscscan.com/

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Step 6:

Select the newly added BSC Mainnet network and you’re now connected to the BSC network.

Step 7:

Be sure to load your wallet with ample BNB (~.1) to pay transaction fees

Step 8:

Connect and use your wallet to various Dapps on the BSC using the built-in Web3 integration 

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After Setting Up MetaMask

Once these steps are followed users will be able to access nealy all Dapps on the BNB Chain. This wallet supports all crypto assets on the BSC, if not listed in your wallet be sure to add the token using the specific token contract address. Overall MetaMask is not the only wallet available to BSC users but it provides access to nearly all Dapps making it a great beginner wallet. This wallet is also compatible with the Ethereum Network through selecting the default “Ethereum Mainnet.”

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Don’t forget to download the BSC News mobile application on iOS and Android to keep up with all the latest news for BNB Chain and crypto!