Binance vs MetaMask – How to Connect MetaMask to Binance Smart Chain

Binance Vs MetaMask, which one should you choose? Let’s check out in this guide.

After comparing Binance vs MetaMask, it is clear that Binance has some better security features than MetaMask.

About Metamask

Ethereum wallets differ significantly from Bitcoin wallets. Ethereum wallets are more like browsers than anything else, whereas Bitcoin wallets are primarily focused on helping users store their bitcoins securely for extended periods of time. These wallets are entry points into the ecosystem of decentralized applications created on top of the Ethereum blockchain, therefore they frequently resemble an app store rather than a cryptocurrency wallet. One such Ethereum wallet is Metamask.

About Binance

Changpeng Zhao founded Binance in 2017, and it quickly became well-known as a leading cryptocurrency exchange. Binance Coin is the company’s own cryptocurrency. Binance allows consumers to buy crypto assets directly using fiat currency or a credit card. Through its website, desktop application, or mobile app, one can access Binance.

Read More: Crypto Compare Guide 2023 – Exchanges, Wallets, Tokens & More

Binance Vs MetaMask Technical Comparison Results

One of the most crucial factors you should take into account is the value for money rating because it can let you know if the crypto wallet has the best quality to price ratio or if the brand falls short in one of these areas. We can see that Binance has a higher Value for Money score than MetaMask when comparing the two exchanges.

The Security Level is another crucial component because it can help you determine how safe a wallet will be for storing your crypto assets. It’s clear from comparing Binance and MetaMask that Binance has a few more security features than MetaMask. The Number of Supported Crypto section can tell you just how many & which cryptocurrencies you can conveniently hold in a single cryptocurrency wallet at the same time. It is evident from a comparison of Binance and MetaMask that Binance supports a greater variety of cryptocurrencies than MetaMask, with 200+ cryptocurrencies available.

A wallet’s customer support should also be carefully considered because you might have urgent queries or problems that need to be fixed right away. Our research and data collection for our comparison of MetaMask vs. Binance show that Binance provides faster and more sincere customer service.

Remember that we are only comparing Binance and MetaMask here; this does not imply that these companies are the best in the industry. Even though Ledger Nano X prevails in this comparison, Binance is the undisputed champion when compared to all other cryptocurrency wallet manufacturers. You can therefore see how Binance stacks up against the brands you’ve selected in the comparison charts. It is clear that Binance offers features above industry norms and is the best and most widely used cryptocurrency wallet available today.

How To Connect MetaMask Wallet to The Binance Smart Chain?

Step 1:

Open the MetaMask wallet using your desktop or phone‍

Step 2:

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

Step 3:

Go to settings

Step 4:

In settings select “Networks”

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/

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

Conclusion: Which One Should You Choose

It depends on what you do with your cryptocurrency. Keep it on Binance if you typically trade actively; keep it on Metamask if you typically hold.

Read More: How Can I Reset My Metamask Password with Simple Steps

FAQs