Javis • Nov. 26, 2024, 1:44 p.m. • Guides

Access BNB on the BNB Chain

Introduction

If you’re looking to access BNB on the BNB Chain but don’t have access to Binance or other major exchanges, there’s a straightforward solution. Using the built-in MetaMask bridge, you can easily transfer assets like ETH to the BNB Chain and swap them into BNB in one simple transaction. This guide will walk you through the process step-by-step.

 

Why You Need BNB on the BNB Chain

BNB is a must-have for interacting with decentralized finance (DeFi) applications on the BNB Chain. Whether it’s paying transaction fees or exploring innovative tokenized strategies, BNB unlocks a wide range of possibilities.

 

Step-by-Step Guide to Acquiring BNB on the BNB Chain

Step 1: Withdraw ETH to MetaMask

If you have ETH in an exchange like Coinbase, you’ll first need to move it to your MetaMask wallet on the Ethereum network. Here’s how:

  1. Log in to your exchange account and navigate to the withdrawal section.
  2. Select ETH (Ethereum Network) and enter your MetaMask wallet address.
  3. Confirm the transaction and wait for the ETH to appear in your MetaMask wallet.

 

Step 2: Use MetaMask’s Built-In Bridge

MetaMask’s built-in bridge streamlines the process of converting ETH on the Ethereum network into BNB on the BNB Chain. Here’s how to use it:

  1. Open MetaMask and ensure you’re connected to the Ethereum network.
  2. Navigate to the Bridge option in MetaMask’s menu.
  3. Select ETH on the Ethereum network as the source token and BNB on the BNB Chain as the destination token.
  4. Enter the amount of ETH to bridge and confirm the transaction.

Why MetaMask Bridge? MetaMask’s tool finds the best rates across third-party providers and simplifies the process by combining the bridging and swapping steps.
Costs: Expect approximately 1% in fees and $20 in Ethereum network gas costs.

Once the transaction is complete, your BNB will appear in your wallet on the BNB Chain, ready for use.

 

Step 3: Use Your BNB

Now that you have BNB on the BNB Chain, you can:

  • Interact with DeFi applications.
  • Purchase innovative tokens such as Margin10, which provides up to 1.5x leveraged exposure to the top 10 cryptocurrencies by trading volume.
    • Dual Momentum Strategy: Margin10 shifts between USDT during market downturns for stability and top-performing crypto assets during uptrends for growth.

 

Final Thoughts

Even without direct access to Binance or similar exchanges, the MetaMask bridge offers a reliable, efficient way to access BNB on the BNB Chain. With just a few steps, you’ll be ready to explore the full potential of DeFi.