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How Do I Add BEP20 Tokens Into Metamask

• August 8, 2022December 27, 2022

This article will show you how do I add BEP20 tokens into metamask. The Metamask wallet works on Ethereum, as you might already be aware. You can add or use Ethereum tokens only by default (e.g. ERC20 tokens, ERC721 tokens). This article will explain how to use BEP20 tokens within the Metamask wallet.

Let’s first find out about the BEP20 network. In the next section of the article, we’ll discuss the BEP20 Network. You will then have an excellent understanding of the BEP20 network. Next, we’ll move on to the section on the Metamask wallet. We will show you how do I add BEP20 tokens to metamask.

Here’s how to link Metamask and PancakeSwap.

Let’s get started and find out what the BEP20 network is.

What does BEP20 mean? 

You have likely seen BEP20 if you’ve ever attempted to do a Binance Smart Chain transaction. We will be discussing the definition of BEP20 in this section. BEP20 is a token standard that allows developers to create and manage cryptocurrencies via the Binance Smart Chain network.

Simply put, anybody can create cryptocurrency on the Binance Smart Chain using the BEP20 token standard. Transactions on Binance Smart Chain are much faster than those made through the Ethereum network. They don’t pay the same transaction fees that they have with Ethereum. BEP20 and ERC20 are being compared because BEP20 offers a cheaper, faster alternative to ERC20.

What Does The BEP20 Token Standard Mean?

BEP20, a token standard that users can use for running their tokens on Binance Smart Chain as we have mentioned previously, is an option that token holders can use. It can be described as a set of rules that govern how tokens can be spent and who can receive them.

Users can bridge tokens between other networks using BEP20. Binance Bridge allows users to exchange tokens for their BEP20 tokens. You can also bridge ETH tokens and swap them for ETHB tokens. Ethereum backs the ETHB token, which is a BEP20 token.

This is also true of many other tokens. These tokens can be bridged and used on the Binance Smart Chain. You can then use the fast network for a low transaction fee.

What’s The Binance Smart Chain?

The Binance Smart Chain can be thought of as a Blockchain that completes the Binance Chain’s functionality. Binance Chain utilizes the BEP2 token standard, while the Binance Smart Chain runs parallel to it (BEP20).

Binance established the Binance Smart Chain network around a year after the Binance Chain was deployed. Binance created the Binance Smart Chain to allow users to program smart contracts. To enable smart contract deployment on the network, users created the Binance Smart Chain (BEP20)

Let’s now talk about the Metamask wallet. This section will cover how to set up the Metamask wallet. The last section will explain how to use BEP20 tokens within the Metamask wallet.

MetaMask: What’s It All About?

We need to first understand what Metamask means before we can talk about adding BEP20 tokens into Metamask. Metamask is a browser-based cryptocurrency wallet that you can download and install on your computer or mobile device. You can set it up quickly and then use it.

Metamask, a cryptocurrency wallet is used by default to store and use Ethereum tokens. Users want to learn how to add BEP20 coins to their Metamask wallet. Let’s now stop talking about Metamask, and get to the point: how do we set it up? We will then discuss the steps required to set Metamask up as a browser extension.

How To Set Up Metamask

Open the browser you wish to use. Metamask wallet extensions are compatible with many browsers, including Firefox and Chrome. This tutorial will show you how to configure it to work in Microsoft Edge, a browser that uses chrome. You can also install Chrome extensions and use them with the browser.

To install the Metamask wallet, visit Chrome Web Store. Next, search for MetaMask in the upper left corner of your screen.

Tap on Metamask to open a web page that has an Add Chrome button. To install Metamask wallet in your browser, tap on this button.

Once you have installed Metamask it will appear in your list of browser extensions. Click on the icon to launch it, then click Get Started.

You can either import your wallet with seed phrases or make a new one. The Create a Wallet option is what we are going with.

Metamask will then ask you for a password to protect your wallet. This password will be required to log in to Metamask. Choose a password that you can remember to continue.

Here you’ll find the Secret Recovery Phrase. Save them somewhere safe, as they may be needed later.

What Is Recovery Phrase?

If you lose your wallet, the recovery phrase can be used to retrieve your tokens and wallet. This phrase can be used by anyone to gain access to your tokens. Keep them safe and away from your phone or computer.

Metamask will ask you to confirm the recovery key after you have saved it. Your Metamask wallet will then be ready for use.

Metamask: How Do I Add Bep20 Tokens?

We mentioned that BEP20 tokens cannot be used on Metamask as the default setting is to the Ethereum network. In this section, we’ll explain how to add BEP20 tokens on Metamask.

Tap on Ethereum Mainnet in the upper section. Next, select the Binance Smart Chain from the drop-down menu.

Next, go to BSCscan and search for your token’s contract location. Type your token name in the search box and copy the contract address.

Tap on Metamask to return, then select the Custom Token tab.

Paste the contract address that you have copied previously, as well as the Token Symbol or Token Decimal. To finish, tap on the Custom Token Button.

Conclusion

So there you have it – a quick and easy guide to adding BEP20 tokens into Metamask. Hopefully, this has cleared up any confusion you may have had on the subject. If not, or if you have any further questions, feel free to reach out to our team of experts for help. Until next time!