Do you want to find out how to add Cardano (ADA) to Metamask? If yes, then go through this guide to gather the idea about how to Add Cardano (ADA) To Metamask.
Metamask is popular among many users when considering non-custodial wallets in the crypto space. Cardano is a decentralized, open-source blockchain network with a proof-of-stake consensus mechanism. It offers transactions on the network using the native token on the Cardano (ADA).
Can I add Cardano (ADA) to Metamask?
It is impossible to add Cardano (ADA) to Metamask since it is not compatible with the Metamask wallet.
The main reason is blockchains compatible with EVM (Ethereum Virtual Machine) can only be added to the Metamask wallet through custom RPC endpoints. But the Cardano Blockchain is not compatible with the Ethereum Virtual Machine.
But through alternative methods, you can add Cardano (ADA) to Metamask. Read this guide further and know everything.
Alternative Methods to Add Cardano (ADA) to Metamask:
Have a look at the below to explore the alternative methods to add Cardano (ADA) to Metamask:
Method 1: Add ADA to Metamask through the Binance Smart Chain
The first alternative method is adding ADA to Metamask through the Binance Smart Chain. You can add the Binance-PEG version of the ADA token to the Metamask wallet via the Binance Smart Chain network.
It is not the native ADA token that is used on Cardano Blockchain. The Binance-Pegged version of the token has a similar value as the native ADA token.
Binance Pegged tokens can be backed 100% through native coin and address that anyone can audit. You can convert Binance-PEG ADA to native ADA easily and vice versa through the Binance Bridge on the Binance exchange. Check the below steps to gather a better idea.
Copy the contract address for Binance-PEG ADA
You must require the right contract address for the token to add the Binance-PEG ADA token to the Metamask wallet. You can get the contract address on the official Binance-PEG ADA contract page on BSCScan.
The right contract address is “0x3EE2200Efb3400fAbB9AacF31297cBdD1d435D47”. Now you can copy that address to the device clipboard.
Alternatively, you can visit the official page of the ADA token on CoinMarketCap or the Binance-PEG ADA contract page on BSCScan and copy the address from that source.
Launch the Metamask extension & enter the official account password
After that, you must launch the Metamask extension and enter the official account password to unlock the wallet effectively. When using the Metamask app on your device, you can easily unlock the wallet using biometric methods such as fingerprint, face ID, face unlock, or PIN.
Ensure BSC is the chosen network
As you already added the ADA (Binance-PEG) to Metamask through BSC (Binance Smart Chain), you are now required to ensure that you have added the BSC network already to the Metamask wallet and made it the default network.
Click on the ‘Import tokens’ option
After choosing the correct network, you must scroll down on the Metamask window and click on the ‘Import tokens‘ option.
Paste the exact address and click ‘Add Custom Token’
Now you need to paste in the Binance-PEG ADA contract address that you have copied previously and wait for some time for the Metamask wallet to fetch the Ticker and Token Symbol automatically.
Once everything is done, click the ‘Add Custom Token‘ option.
At last, you can click the ‘Import Tokens‘ option and adds the Binance-PEG ADA to the Metamask wallet.
Sending the native ADA tokens to the Metamask wallet may result in a complete loss of funds. You can only send ADA to the wallet on Metamask through the BEP20 – Binance Smart Chain network.
Certain crypto exchanges, such as Binance, let you add to the external wallet through multiple networks. Therefore, when sending ADA from the Binance account to Metamask, you must choose the ‘BNB Smart Chain (BEP20)’ option as the network for the transaction. If not, then you may have the possibility of losing funds.
Also Read: How To Add Bitcoin To Metamask
Method 2: Download any alternative wallet compatible with the Carano network
The second alternative method is downloading any alternative wallet compatible with the Carano network. Many crypto wallets are compatible with the Cardano network. The recommended one here is the Daedalus wallet, readily available as the standalone desktop software for Mac, Linux, and Windows systems. Unfortunately, it is unavailable on mobile, but PC users can use the Daedalus wallet. Check the below steps to gather a better idea.
Download & install the Daedalus wallet software
First, you need to visit the official Daedalus Wallet download page. Then you must download the software’s latest version according to your OS.
Then double on the available downloaded package and install this software on your PC. After the installation, you must double-click the Daedalus icon to launch this wallet and choose your language, date, number, and time format. Finally, you can click the ‘Continue’ option.
You must also agree to all the terms and conditions on the further page.
Click the ‘Create’ option to create the new wallet
Next, click the ‘Create’ option to create the new ADA wallet on the Daedalus Wallet dashboard.
Enter the wallet name & create the spending password
Enter the name of the wallet and then create the spending password. Each time the spending password is needed when you stake or send ADA and vote on the Cardano network.
Click ‘Create Shelley wallet’ to create the ADA wallet.
Back up the 24-word Daedalus wallet secret recovery phrase
Daedalus will generate the 24-word Daedalus wallet secret recovery phrase for the newly created ADA wallet. You can write the recovery phrase and then store it anywhere safely. You can finally enter those 24-word Daedalus wallet secret recovery phrases in the same order to verify the phrase.
After verifying the phrase, you can send & receive Native ADA tokens on the Daedalus wallet.
From the above-mentioned scenario, now you have gathered the idea about how to Add Cardano (ADA) To Metamask. So without further delay, make use of everything.