![]() ![]() Input your recovery phrase by clicking the words in the correct order.Ĭongratulations! You now have a MetaMask wallet.It’s important to keep this safe because anyone can use it to access your wallet.Answer the question about data usage and create a new password.Click Install MetaMask for Chrome to continue.This guide will show to set up Metamask as a Google Chrome extension. Learn more about using Trust Wallet Setting up your MetaMask wallet on Chromeīefore you start sending BNB to MetaMask, you’ll need to follow the steps below to create a Multi-Coin Wallet. However, using the Metamask Chrome extension is a great way to trade. If you want to use an app, we generally recommend Trust Wallet instead of Metamask. The main difference is that Trust Wallet is only available as an app, while Metamask has an app and a Google Chrome Extension. You can use both to trade on PancakeSwap in the same way. In this article, you’ll learn about using Metamask with the Chrome extension. We recommend two options for your trading wallet: Trust Wallet or Metamask. Now you’ve bought some BNB, the next step is to withdraw it to a cryptocurrency wallet so you can start DeFi trading. If you’re using Trust Wallet, go to our article about sending BNB to Trust Wallet. The market-leading mobile DApp Browser allows anyone with a smartphone to securely access DApps and DeFi protocols on Binance Smart Chain with just a few clicks.ĭownload Trust Wallet today and explore the Binance Smart Chain ecosystem.This is the second step in our guide to getting started with the Peachfolio token. Gaming and gambling DApps have also found a home on Smart Chain, and the first NFTs appeared in early 2021 to provide BSC users with the same crypto collectible experience found on other chains.Īrguably, the easiest way to access the BSC ecosystem is using the Trust Wallet DApp Browser. But that does not mean Smart Chain is only for decentralized finance. While some DeFi protocols have migrated over to Smart Chain from other blockchain networks, dozens of Smart Chain-native DApps have emerged and experienced substantial user growth since their inceptions.ĭeFi protocols, such as PancakeSwap, Venus, and Autofarm, make up most of the activity on BSC. The same goes for ETH, XRP, DOGE, and many more.Īs a low-cost, high-speed alternative to Ethereum, backed by one of the largest crypto companies in the world, Smart Chain already boasts a wide range of DApps and DeFi apps on its chain. BTCB (BEP20) tokens can then be deployed in DeFi protocols to earn yield on bitcoin. What’s more, leading digital assets on other chains can be ported onto Binance Smart Chain in the form of pegged BEP20 tokens.įor example, you could use Binance Bridge to swap bitcoin (BTC) for BTCB (BEP20) tokens backed by BTC. BEP20 is a developer-friendly token standard that allows anyone to deploy fungible digital currencies or tokens on Binance Smart Chain. Launched in September 2020, Binance Smart Chain boasts a five-second block time, cross-chain asset transfers, EVM compatibility, and a Proof of Staked Authority consensus protocol to ensure scalability.īinance Smart Chain has a BEP20 token standard that functions similarly to Ethereum’s ERC20 standard. Binance Smart Chain exists to change that.īinance launched Smart Chain to provide a high-speed, low-cost alternative for the burgeoning decentralized finance (DeFi) market, which has suffered from Ethereum’s high transaction fees. While Binance Chain offers a high-throughput targeting active crypto trades, it lacks in the programmability department. Binance Smart Chain (BSC) is a smart contract-enabled parallel blockchain to Binance Chain that provides a permissionless platform for decentralized application (DApps). ![]()
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