Do you want to explore the process of add Binance peg Ethereum to Metamask? If yes, then look at this blog and find out how to Add Binance Peg Ethereum (BEP-20 ETH) To Metamask.
Generally, the Binance-Peg ETH token is the Ethereum representation on the BNB Chain (Binance Smart Chain & Binance Beacon Chain). Users can wrap and peg the Binance-peg ETH via Binance on the 1:1 ratio using the Ether token. Here everything holds a similar value.
On the other hand, Metamask is currently the highly used non-custodial wallet in the crypto world. You can effectively send, trade, receive, stake, and swap many crypto assets and cryptocurrencies on Metamask across various EVM-compatible blockchains.
How To Add Binance Peg Ethereum To Metamask (Quick Guide)
- Open your Metamask wallet extension in your browser.
- Click on the “Add Token” button.
- In the “Custom Token” section, fill in the following details:
- Token Contract Address: 0x2170Ed0880ac9A755fd29B2688956BD959F933F8
- Token Symbol: ETH
- Decimals of Precision: 18
- Click “Next” and then “Add Tokens”.
- Your Binance-Peg ETH should now be added to your Metamask wallet.
Also Read:- How To Add Dogecoin To Metamask
Step-By-Step Guide To Add Binance Peg Ethereum To Metamask:
If you want to add the Binance Peg Ethereum (BEP-20 ETH) to the Metamask wallet on Binance Smart Chain, you must copy the contract address for that token from BSCScan or CoinMarketCap website.
Then, you must ensure that Binance Smart Chain (BSC) can be selected and added as the default network on the Metamask wallet before importing the Binance-Peg ETH to the wallet through the copied contract address.
Have a look below to explore the step-by-step guide to add Binance peg Ethereum to Metamask:
Step1 : Copy the exact contract address for BEP-20 ETH
You must get the exact contract address for the Token to add the BEP-20 ETH token to the Metamask wallet. The exact contract address for the Binance-peg ETH token is “0x2170ed0880ac9a755fd29b2688956bd959f933f8,” so proceed further and copy that to the device clipboard.
Alternatively, you can visit the official Ethereum page on CoinMarketCap or Binance-Peg ETH contract page on BSCScan and then directly copy the contract address from there and ensure you are getting the exact contract address.
Step2 : Launch the Metamask and unlock the wallet
After that, launch the Metamask extension on the browser by clicking the Metamask logo. Then you have to enter the account password to unlock the wallet.
When you use the Metamask app on a mobile device, you can unlock the wallet using any available biometric methods such as fingerprint, Face ID, Face Unlock, or PIN when you have the enabled Biometric login on the Metamask Settings page.
Step3 : Make Sure The BSC Is The Selected Network On The Wallet
By adding the BEP20 ETH to Metamask through the BSC, you must ensure that BSC has already been selected and added as the default network on the wallet. When you have added the BSC network to the wallet, proceed and choose it as the default network.
Step4 : Click On The ‘Import Tokens’ Option
Now you have selected and added the correct network (BSC). Next, you need to click on the ‘Import tokens’ option by scrolling down to the bottom of the Metamask main window.
Step5 : Paste The Exact BEP20 ETH Contract Address
You must paste the copied Binance-Peg ETH contract address and wait for metamask to fetch the Token Decimal and Token Symbol.
Step6 : Click On The ‘Add Custom Token’ And ‘Import Tokens’ Option
At last, you need to click on the ‘Add Custom Token’ and ‘Import tokens’ options to add Binance peg Ethereum to Metamask
How To Transfer BEP20 ETH From Binance To Metamask?
To transfer the BEP20 ETH from Binance to Metamask, first, you need to make sure that the BSC network has been selected and added as the default network on the Metamask wallet.
After it is done, you must add Binance peg Ethereum to Metamask on BSC using the exact contract address. Next, you must copy the BEP20 ETH wallet address from the Metamask wallet, which is similar to the default Metamask wallet address.
Get on Binance and navigate to the Fiat & Spot wallet when you have the wallet address. Now you need to click on the ‘Withdraw’ option and then choose ‘Ethereum (ETH)’ from the available coin list.
Click on the ‘Send via Crypto Network’ option. Then you must paste the wallet address in the correct field on the next page and choose ‘BNB Smart Chain (BEP20)’ for the transaction.
Enter the ADA amount to transfer and click the ‘Withdraw’ option. Next, you have to complete the two-step verification process. Click on the ‘Submit’ option to complete the transaction.
At last, go back to the Metamask wallet and refresh the Binance-Peg ETH balance to check out the funds. It would take anywhere from 5 to 20 minutes to complete the transaction. The funds must be available in the wallet while completing the transaction.
How To Convert BEP20 ETH Back To Ethereum?
You must need to official Binance account to convert the BEP20 ETH Back to Ethereum. You can easily create a free account on Binance when you don’t have one.
After that, navigate to the Fiat & Spot wallet and click the ‘Deposit’ option. Then you need to search for ETH and choose ‘ETH Ethereum’ from the search results.
Choose the ‘BNB Smart Chain (BEP20)’ on the network chooser dialog. Then click the Copy icon next to the wallet address and copy it to the clipboard.
You can now go back to the Metamask and transfer the BEP20 ETH on the wallet to the Binance BEP20 ETH address. Then you must wait for tokens to arrive on the official Binance account.
When the transferred tokens are available on the Binance account, you can find them as “ETH.” It is mainly because Binance used to group ETH on various networks as one.
To get the native ETH back on the Metamask wallet, you must add Binance peg Ethereum to Metamask wallet via the ERC20 network.
From the scenario mentioned above, now you have a complete idea about how to add Binance peg Ethereum to Metamask. So without further delay, you execute all the steps mentioned above and start adding the BEP-20 ETH to your Metamask wallet. Here you can sure get many possibilities. You can get help from the 24/7 crypto customer Care support team if you have any doubts regarding this process.