Binance Coin (BNB) is the native currency of the major crypto exchange Binance’s ecosystem. Initially, BNB was supposed to be used only inside Binance, but later became more universal.
❗️We will show you how to create a wallet for BNB BEP-20 storage. It means that your BNB will have BEP-20 standard and you would be supposed to use your coins only in BNB Smart Chain. Read our detailed BNB review to dive in all the specifics of Binance Coin.
We will create a BNB (BEP-20) wallet on MetaMask.
Step 1. Go to MetaMask and click the «Download for Chrome» button.
Step 2. Click the «Add to Chrome» button and install the extension to your device.
Step 3. Once the extension is installed, it will open in a new window. Click the «Get Started» button.
Step 4. Agree with the terms of usage of MetaMask by clicking «I agree».
Step 5. Click the «Create a Wallet» button.
Step 6. Come up with a strong password and set it. Then press «Create».
Step 7. Watch the video about secret recovery phrase for the safety of your funds and then go next.
Step 8. Save the 12-word recovery phrase in a secure place.
You will need it to quickly regain access to your wallet. It is better to save the phrase in several places: without it, if the password is lost, it will be impossible to restore access to the wallet even through the support service. And never share this data with anyone!
Step 9. Confirm your Secret Recovery Phrase.
Step 10. Congratulations! You created a MetaMask account. Click «All done». But the work doesn't end here.
Step 11. Let's configure MetaMask to connect to the BNB Network. Click the arrow next to «Ethereum Mainnet» in the upper right corner. In the new menu click «Add Network».
Step 12. You need to fill in some details.
🕸 Network Name: Smart Chain
🔗 New RPC URL: https://bsc-dataseed.binance.org/
💬 Chain ID: 56
🪙 Symbol: BNB
📖 Block Explorer URL: https://bscscan.com
Step 13. Click «Got it». You have now connected to the Smart Chain.
Step 14. Copy your wallet address.
Step 15. Now, using this address, you can easily buy BNB (BEP20) on itez. Just paste it in the appropriate box and complete the purchase.
