This tutorial outlines how to get funds onto a Binance Smart Chain (BSC) wallet to begin interacting with dApps. This is a great place to start for beginners who are yet to get a working wallet on the BSC.
Introduction
The Binance Smart Chain (BSC) has seen explosive growth in the world of crypto. This can be attributed to the chains ease of use coupled with its low gas fees and fast transaction process. Its features range from token swaps to automated market makers, decentralized money market NFTs, farms, pools, and so much more. Let’s give you some insights into getting started on the BSC to begin navigating Dapps.
What is the Binance Smart Chain?
The BSC is a blockchain that runs parallel to the Binance Chain. BSC boasts smart contract functionality and compatibility using the Ethereum Virtual Machine (EVM). It is important to note that the BSC is an independent blockchain that can run even if the Binance chain goes offline. The BSC supports the BEP-20 token, while the Binance Chain supports the BEP-2 token.
Binance Smart Chain (BSC) Wallets
There are many wallets that one can use to interact with the BSC and its Daps. Users can select wallets such as MetaMask, ONTO, TokenPocket, SafePal, TrustWallet, and etc.
TrustWallet
TrustWallet happens to be the most friendly and easy mobile wallet to use on the BSC. Users must simply download the app on their mobile phone and follow the simple instructions.
Metamask
MetaMask is relatively easy when connecting it to the BSC network. This wallet is also effortless to use and can work exceptionally well on the BSC network; a great desktop wallet. Connecting MetaMask to the BSC network is very easy. You can follow this tutorial to connect to the BSC using MetaMask.
Binance Chain Wallet
This is a different option that works for specific apps on BSC. It has a browser extension for chrome, brave, and firefox browser. Very easy to use with very fantastic and sleek UI.
Getting Crypto to the Binance Smart Chain (BEP-20 Tokens)
We have lots of wallets to choose from that connect to the BSC network. You can fund your wallet by withdrawing from Binance account or using the Binance bridge. This tutorial will cover withdrawing from a Binance account. For US users be sure to use a Binance.US account and the easiest process is to transfer to a TrustWallet account where you can swap for BEP-20 tokens to be used on the BSC.
How to Withdraw From a Binance Account
To withdraw from a Binance account, you must first create an account:
After registration and login, click on the wallet and select fiat and spot wallet. Then click on withdraw.
Put in your wallet address from your custodial wallet, then select the Binance Smart Chain. Select the amount of tokens you would like to withdraw. After that, click on submit; once the transaction is successful the funds would be transferred to your wallet in few seconds.
New users will need to complete the following safety reminders to cover the risks of withdrawing. Existing users may need to go through an extra verification step to confirm the withdrawal, 2FA or email confirmation.
Source : bsc.news
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