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does metamask accept bep20
MetaMask doesn't inherently support BEP20 tokens, but you can manually configure it to interact with the Binance Smart Chain and access these tokens by following specific steps.
Nov 02, 2024 at 10:36 am
Does MetaMask Accept BEP20 Tokens?
1. Understanding BEP20 Tokens
BEP20 is a token standard developed by Binance, the world's largest cryptocurrency exchange by trading volume. It allows developers to create and issue new tokens on the Binance Smart Chain (BSC), a parallel blockchain to the Binance Chain. BEP20 tokens can represent various assets, such as commodities, fiat currencies, or utility tokens.
2. MetaMask Compatibility
MetaMask is a popular cryptocurrency wallet that supports multiple blockchain networks, including Ethereum, Binance Smart Chain, and Polygon. By default, MetaMask does not support BEP20 tokens on the Binance Smart Chain.
3. Custom Network Configuration
However, you can manually add the Binance Smart Chain network to MetaMask to access and manage BEP20 tokens. Here's how:
- Click on the "Settings" icon in MetaMask.
- Select "Networks".
- Click "Add Network".
Enter the following network details:
- Network Name: Binance Smart Chain Mainnet
- New RPC URL: https://bsc-dataseed1.binance.org:443
- ChainID: 56
- Currency Symbol: BNB
- Block Explorer URL: https://bscscan.com
- Click "Save".
4. Token Import
Once the Binance Smart Chain network is added, you can import BEP20 tokens into your MetaMask wallet:
- Click on the "Assets" tab in MetaMask.
- Click "Import Tokens".
- Select "Custom Token".
Enter the following token details:
- Token Contract Address: The address of the BEP20 token's smart contract.
- Token Symbol: The symbol of the BEP20 token (e.g., BNB for Binance Coin).
- Token Decimal: The number of decimal places used by the BEP20 token.
- Click "Add".
5. Conclusion
By following these steps, you can access and manage BEP20 tokens on the Binance Smart Chain using MetaMask. MetaMask, however, does not support BEP2 tokens, which are based on the Binance Chain. To access BEP2 tokens, you need to use a wallet that specifically supports the Binance Chain, such as Binance Chain Wallet or Trust Wallet.
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