What is Metamask and how to Install Metamask?

Metamask is a free, open-source browser extension that enables you to interact with the Ethereum blockchain and manage your Ethereum-based assets, such as Ethereum (ETH) and ERC-20 tokens, directly from your web browser. Additionally, Metamask also supports Binance Smart Chain (BSC) and its native token, Binance Coin (BNB), allowing you to manage these assets as well. This comprehensive guide will explain to install and use Metamask for both Ethereum and Binance tokens:

Install the browser extension: To get started, you’ll need to install the browser extension. Visit the Metamask website and click the “Get Chrome Extension” or “Get Firefox Add-on” button, depending on the browser you’re using. Then, follow the prompts on how to install the Metamask extension.
Create a new wallet: Once the extension is installed, click on the Metamask icon in your browser to open the wallet. You’ll be prompted to create a new wallet or import an existing one. If you’re creating a new wallet, you’ll need to choose a secure password and write down your seed phrase. It’s important to keep your seed phrase safe and secure, as it’s the only way to recover your funds if you lose access to your account.

What is Metamask and how to install Metamask

Setting up Metamask to accept tokens on the Ethereum Network

Ethereum Network

Connect to the Ethereum network: To start using Metamask for Ethereum-based assets, you’ll need to connect it to the Ethereum network. It supports both the Ethereum mainnet and testnets, such as Rinkeby and Kovan. By default, It will connect to the Ethereum mainnet, but you can switch to a different network by clicking on the network name in the header and selecting a different network from the drop-down menu.
Add funds to your wallet: To start using Metamask for Ethereum-based assets, you’ll need to add some Ethereum or ERC-20 tokens to your wallet. You can do this by buying Ethereum on the Cryptoby.com Ethereum page or sending it from another wallet. To send Ethereum to your wallet, you’ll need to know your wallet address. To find it, click on the three dots in the top right corner of the Metamask header, select “Copy Address to Clipboard”, and then paste it into the “To” field when sending Ethereum from another wallet.

Setting up Metamask to accept tokens on the Binance Smart Chain

Binance Smart Chain

Connect to Binance Smart Chain: To use Metamask for Binance tokens, you’ll need to connect to the Binance Smart Chain network. To do this, go to the “Networks” section in Metamask and add the Binance Smart Chain network by following the prompts. Once you’ve added the Binance Smart Chain network, you’ll be able to switch between it and the Ethereum network by clicking on the network name in the header and selecting a different network from the drop-down menu.
Add Binance Coin to your wallet: To start using Metamask for Binance tokens, you’ll need to add Binance Coin (BNB) to your wallet. You can do this by buying Binance Coin on the Cryptoby.com BNB page or sending it from another wallet. To send Binance Coin to your wallet, you’ll need to know your Metamask wallet address on the Binance Smart Chain network. To find it, click on the three dots in the top right corner of the header, select “Copy Address to Clipboard”, and then paste it into the “To” field when sending Binance Coin from another wallet.

Start using : You’re now ready to start using Metamask.