You can also pick any coin that exists on Kucoin and Coinbase for this step. Also, please use best practices for keeping passwords safe, keep your keyphrases safe, write down your pins, etc. Binance transactions are cheap and fast, so it won’t cost much to take a few extra minutes to make sure everything is working. Double-check the site you are visiting! Beware of scams! Do small test transactions every step of the way. You’ll have your transaction rejected at best and lost at worst if you try.īest Practices: Never ever share your private key, only use your public address. You can’t send/receive from other networks. You need to trade or use a bridge to go between ETH, BNB, and BNB Smart Chain. Never send Binance Smart Chain to Ethereum or BEP-2 to BEP-20 directly. The Binance Chain BNB (BEP-20) uses the 0x address and is the one you need to pay for transaction fees on Binance Smart Chain.ĭon’t Forget to Double Check Addresses: You can only send Binance Chain (BNB) to BNB addresses (BEP-2), BNB on Binance Smart Chain to Binance Smart Chain addresses (BEP-20), and ETH to Ethereum Addresses (ERC-20). The BEP-2 addresses start with ‘bnb’, BEP-20 addresses start with ‘0x’. The addresses look different for each BNB type. Sometimes BNB on Binance Smart Chain is called “Binance Smart Chain (BSC)” or BNB (BEP-20)… sometimes, it is just called BNB. Keep this in mind every step of the way, as it can get confusing. So never spend all your BNB, or you’ll have to add more to your account.īNB (BEP-2) and BNB (BEP-20) are Different: There are two different versions of BNB that have the same value and can be swapped for each other. You Use BNB to Pay for Transactions: You always need to keep some Binance Smart Chain BNB in your Binance Smart Chain wallet to pay for transactions. The thing is, you can’t send ETH to Binance Smart Chain or BNB to Ethereum, so you’ll need to follow some steps to go from one network to the other. Even the addresses start with 0x they are so similar. Otherwise, if you know Ethereum, you’ll feel right at home. What is Binance Smart Chain? It is basically Binance’s Etehreum network. Also, I prefer MetaMask, and you may consider using it anyway as well. If you have a Mac, you have to use MetaMask. Since not everyone can do this (namely Mac users), the guide doesn’t focus on it. This is because, in some regions, you can buy BNB directly via TrustWallet, and on Android and Windows, you can use PancakeSwap via the dApp’s browser (here is a workaround for iOS TrustWallet as well). Using Trust Wallet Only or Trust Wallet and Not MetaMask: Some people can use TrustWallet only or simply won’t need MetaMask. However, this method will require BNB or access to Binance and thus won’t work for everyone (for example, while US residents can use Binance Smart Chain, they cannot use the Binance Bridge). For example, you can also use Ethereum to Binance Chain bridges, for example, Binance’s Bridge. Using Binance Bridge and Other Solutions: There is more than one way to go from BNB, ETH, or BTC to Binance Smart Chain. Simply get BNB on Binance or Binance.US and then proceed to follow the rest of the guide starting at step 4 (or alternatively look into Binance Bridge to swap to BNB Smart Chain). This is a good solution if you can use Binance or Binance.US and don’t want to use KuCoin. Using Binance or Binance.US to get BNB: You can use Binance or Binance.US instead of Coinbase and KuCoin. This guide is for people who can’t just do that. TIP: Some people can just download TrustWallet and buy BNB (BEP-20) and then use the TrustWallet browser to trade on PancakeSwap. For example, use our referral link to sign up for Binance and save 10% on trading fees for life: (here is Binance.US as well ). Trading fee Discounts: We have discount codes for most exchanges noted here, so before you sign up for an exchange, see a list of promotional deals to save on crypto fees. First, check out the notes on Binance Smart Chain below, then see the guide below for the walk-through. This method was chosen because anyone can use this method, unlike alternative methods that not everyone can use. For this guide, we will go from BTC to BNB using KuCoin, BNB to Binance Smart Chain BNB using Trust Wallet, and then from Trust Wallet to MetaMask to trade on PancakeSwap. We explain how to obtain BNB and use Binance Smart Chain even if you can’t access Binance to get BNB. How to Use Binance Smart Chain (Even if You Can’t Get BNB From Binance)
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