MetaMask Wallet Configuration
MetaMask Wallet Download: https://metamask.io/download/
If you don't already have MetaMask, it can be downloaded on Chrome, Firefox, or on your mobile device.
Head over to the MetaMask Download page, then select your browser or device, click the install MetaMask button, and follow the steps to download. Then continue through the setup as specified. This will vary slightly depending on your device.
During setup, you can use an existing wallet by importing your Secret Recovery Phrase, or generate a new recovery phrase to set up a new wallet. Be sure to write this down! A solid password is great, but if you forget it or lose access to your device, your recovery phrase will be needed.
For extra security, we'd recommend not saving this on an internet-connected device. A good old fashioned notebook or sheet of paper you won't lose track of would be best. You'll need to confirm that you wrote these down, and in the correct order, during the process.
If you lose this phrase, there will NOT be a way to recover your wallet and any funds in it. You are in complete control of your funds here, but with power comes responsibility!
After your phrase is confirmed, your wallet is set up.
By default, MetaMask will be set up as an Ethereum wallet, able to accept ETH and any ERC20 tokens on the Ethereum network. You might notice that the address begins 0x just like Binance Smart Chain (BSC) addresses. These are not interchangeable, however, and any funds sent on the Ethereum network to a Binance Smart Chain (also known as BEP20) address or vice versa could be lost.
This is why if you'd like to withdraw a token to MetaMask from your centralized exchange account using the Binance Smart Chain (or use the Binance Smart Chain network to deposit to your centralized exchange account), we'll need to configure MetaMask for the BSC network. To do so, head up to the Networks dropdown menu where it currently says "Ethereum Mainnet" and select Add Network
From here, we'll need to select the Networks Menu from the left sidebar, then click the Add a network button in the top right.
We'll need to manually add the information for Binance Smart Chain, as it is not included in MetaMask by default. The information needed to add Binance Smart Chain to your wallet is:
• Network Name: Binance Smart Chain
• New RPC URL: https://bsc-dataseed.binance.org/
• Chain ID: 56
• Currency Symbol: BNB
• Block Explorer URL (optional): https://bscscan.com
After adding in this info, just click the Save button.
You'll then be taken back to the home-screen, where you'll now be connected to the Binance Smart Chain. You can always switch back to the Ethereum network for transactions by selecting it from the drop-down menu in the top right.
Congratulations! Your wallet is now set up for Binance Smart Chain transactions. The address can now be used as the receiving address for crypto withdrawals from your centralized exchange account, and crypto deposits to your account using the Binance Smart Chain (BEP20) network, if it is available for the token you would like to transfer.
Following the same process for adding the Binance Smart Chain, we'll need to manually add the information for Ethereum Classic, as it is not included in MetaMask by default. The information needed to add Ethereum Classic to your wallet is:
• Network Name: Ethereum Classic
• New RPC URL: https://www.ethercluster.com/etc
• Chain ID: 61
• Currency Symbol: ETC
• Block Explorer URL (optional): https://blockscout.com/etc/mainnet/
After adding in this info, just click the Save button.
You'll then be taken back to the home-screen, where you'll now be connected to the Ethereum Classic chain. You can always switch back to the Ethereum or Binance Smart Chain networks for transactions by selecting it from the drop-down menu in the top right.
Congratulations! Your wallet is now set up for Ethereum Classic network transactions. The address can now be used as the receiving address for crypto withdrawals from your exchange account to the Ethereum Classic network, and crypto deposits to your exchange account using the Ethereum Classic (ERC20) network, if the centralized exchange supports Ethereum Classic network transactions.
Note: Due to Ethereum Classic's infancy, you may need to bridge assets to other networks like Binance Smart Chain or Ethereum before depositing them into centralized exchanges. Currently, ETC Swap uses Multichain's Cross Chain Router for these bridged assets. We expect centralized exchanges to support native Ethereum Classic assets in the future.
Last modified 7mo ago