How to Buy Bnb on Metamask
MetaMask is a popular Ethereum wallet that allows you to access and use decentralized applications (DApps) on the Ethereum network from your browser. But did you know? MetaMask not only supports the Ethereum network, but also other blockchain networks, such as BNB Smart Chain (Binance Smart Chain, or BSC for short).
BNB Smart Chain is a public chain launched by Binance that is compatible with Ethereum. It offers faster, cheaper, and more flexible decentralized services. On BNB Smart Chain, you can use BNB tokens as fuel to participate in various DApps, such as liquidity mining, lending, trading, and more.
If you want to buy BNB on MetaMask and use BNB Smart Chain DApps, then you need to follow these steps:
Step 1: Add BNB Smart Chain network to MetaMask
Before you can buy BNB on MetaMask, you need to add the BNB Smart Chain network to MetaMask. This way, you can use BNB tokens and BNB Smart Chain DApps in MetaMask.
There are two ways to add the BNB Smart Chain network to MetaMask: through BSCscan or manually.
Through BSCscan: This is a simple and quick method. You just need to visit BSCscan’s [website], click on the “Connect MetaMask” button on the top right corner, and then select the network you want to add, such as “BSC Mainnet”. MetaMask will automatically fill in the network parameters for you. You just need to confirm and save the network.
Manually: This is a more flexible method. You can manually enter the network parameters in MetaMask. You need to click on the network icon on the top right corner of MetaMask, and then select “Custom RPC”. You need to fill in the following information:
You can also use other RPC URLs or block explorer URLs if you prefer. After filling in the information, you need to click on “Save” to add the network.
Step 2: Buy BNB on MetaMask
After adding the BNB Smart Chain network, you can buy BNB on MetaMask using different methods. Here are some of the common methods:
Buy with fiat currency: If you want to buy BNB with fiat currency, such as USD or EUR, you can use MetaMask’s built-in feature called “Buy”. You can click on the “Buy” button on the main page of MetaMask, and then select a payment provider, such as Wyre or Transak. You need to enter the amount of fiat currency you want to spend, and then follow the instructions to complete the purchase. The payment provider will convert your fiat currency to BNB and send it to your MetaMask wallet.
Buy with other cryptocurrencies: If you want to buy BNB with other cryptocurrencies, such as ETH or USDT, you can use a DApp called PancakeSwap. PancakeSwap is a decentralized exchange (DEX) that allows you to swap tokens on the BNB Smart Chain network. You can visit PancakeSwap’s [website] and connect your MetaMask wallet to it. You need to select the tokens you want to swap, such as ETH for BNB, and then enter the amount of tokens you want to swap. You need to approve the transaction in MetaMask and pay a small fee in BNB. The DEX will swap your tokens and send them to your MetaMask wallet.
Buy with credit card: If you want to buy BNB with credit card, you can use a DApp called Simplex. Simplex is a payment processor that allows you to buy cryptocurrencies with credit card. You can visit Simplex’s [website] and connect your MetaMask wallet to it. You need to select BNB as the cryptocurrency you want to buy, and then enter the amount of fiat currency you want to spend. You need to fill in your credit card details and personal information, and then verify your identity. The payment processor will charge your credit card and send BNB tokens to your MetaMask wallet.
Step 3: Use BNB Smart Chain DApps
After buying BNB on MetaMask, you can use them to access and use various DApps on the BNB Smart Chain network. There are many DApps that are compatible with both Ethereum and BNB Smart Chain networks, such as PancakeSwap, BakerySwap, Venus, Aave, etc.
To use these DApps, you need to connect your MetaMask wallet to them. You can visit their websites and click on the “Connect Wallet” button. You need to select MetaMask as your wallet option, and then confirm the connection request in MetaMask.
Once connected, you can use these DApps as you would normally do on the Ethereum network. For example, you can swap tokens, provide liquidity, borrow or lend assets, stake tokens, etc. You can also explore other DApps that are exclusive to the BNB Smart Chain network, such as Pancake Bunny, AutoFarm, Beefy Finance, etc.
In this article, we have learned how to buy BNB on MetaMask and use BNB Smart Chain DApps. By following these steps, you can enjoy faster, cheaper, and more flexible decentralized services on the BNB Smart Chain network.