In this article, I will describe adding Cardano to MetaMask, a multifunctional digital wallet.
After reading the article, you can add Cardano to your MetaMask wallet, which allows you to use it.
It is on the Binance Smart Chain, so keep your ADA tokens and other cryptocurrencies in your MetaMask wallet.
About Cardano
Cardano is a blockchain platform that is a product of in-depth study and has a subsisting feature of being a multi-layer architecture supporting smart contracts and dApps.
The platform’s mode of operation centers on the proof of stake algorithm known as Ouroboros, which is more secure and sustainable than the proof of work methods.
This is why it becomes easy for Cardano to be more energy efficient and scalable, widening the scope of DApps and attracting various DApps.
Some DApps worth mentioning in the Cardano ecosystem are Sundaeswap, an automated market maker DEX superorder unaffected by persons’ consent, just like Uniswap.
Other noteworthy DApps include Minswap Museliswap Cardano’s MeowSwapFi, which all help widen decentralized finance on the Cardano platform.
How to Add Cardano to MetaMask?
Step 1: Install MetaMask
Before performing any task, please ensure your device has a suitable web browser (Chrome, Firefox, or Brave).
Then, go to the official website of MetaMask to download and install the browser extension or the mobile app from an app store on the device.
Upon completion of installing the required software, launch MetaMask. It will prompt you to create a new devastatingly looking wallet or import an already created one.
As always, security issues should not be neglected, and you should create a problem-free and robust password to keep your recovery phrase accessible but safe.
STEP–2: Add the Binance Smart Chain Network
Here, you will configure the meta mask and see how to link it to the Binance bright chain.
Before that, however, you should know how to get the required network details from the Binance Academy website.
Specifically, look for a guide titled “Connecting MetaMask to Binance Smart Chain.”
The required details include the Network Name, RPC URL, Chain ID, Symbol, and Block Explorer URL.
Once this data has been collected, log in to your MetaMask wallet and click your account icon to open settings.
Under the heading ‘Networks,’ scroll down to ‘Add Network’ and do so with the BSC network details retrieved from the Binance Academy.
Following are the lists of some information related to the BSC network that you have to mention:
- Network Name
- New RPC URL
- Chain ID
- Symbol
- Block Explorer URL
Finally, hit “Save,” and the BSC network will be successfully added to MetaMask.
Step 3: Find Cardano’s Token Address
To add Cardano as a token on the BSC, you must first get its wrapped version contract address.
The easiest way to do this is to look for the token’s Binance Smart Chain contract address on the relevant substantiates of tubers.
After finding the contract address, please save it to your clipboard because it will be helpful in the next step.
Step 4: Add Cardano as a Token in MetaMask
Having copied the Cardano contract address, go back to your MetaMask wallet. Connect to the BSC network. Click on the “Assets” tab, and look at the “Add Token” button.
Choose ” Custom Token” and provide the Cardano contract address in the “Token Contract Address” section.
All necessary details, such as Token Symbol and Decimals of Precision, will be provided by MetaMask itself.
Click “Next” to confirm the details of the token, and after the token’s details have been approved, click “Add.”
Step 5: Move wADA into the MetaMask
Having successfully appended wrapped Cardano in your MetaMask wallet, the next step is to move some tokens to it.
Go to a cryptocurrency exchange on BSC, like Binance.
Log into your exchange account and head to the wallet or withdrawal pages. Select the option to withdraw wrapped Cardano and ensure that you specify the BSC network.
Input your MetaMask wallet address as the payee, authorize the payment, and wait for the transaction to go through.
The tokens should be reflected in your MetaMask wallet on the Binance bright chain and await your handling.
Well, it was Done! You have gone ahead and added wrapped Cardano to your MetaMask wallet on the Binance bright chain and completed the movement of the tokens, making you able to interact with Cardano while in the MetaMask wallet easily.
Several Cardano price predictions regarding its performance in the coming years have been made to prepare future investors for its opportunities.
One exciting trend shows one of the strongest performers in the current year, Cardano (ADA), how it is predicted to perform in the year 2024.
What Is MetaMask?
MetaMask is a widely used cryptocurrency wallet and a door to many blockchain-based applications. It allows users to handle Ethereum-related resources and directly engage with the dApps from their web browser or mobile application.
MetaMask also offers a safe and easy way to send and receive cryptocurrencies and use dApps built on the Ethereum platform.
Other facilities, such as certain Ethereum Mainnet and testnets, are also supported by the extension and modified to provide an interface to other networks like Binance Smart Chain.
As a digital keystone, key vault, secure login, and token wallet included, MetaMask is an asset for any user of a crypto community regardless of their experience.
Will Cardano Soon Be Supported By MetaMask?
At the same time, it is reported that MetaMask does not support the integration of Cardano into its ecosystem, and MetaMask does not support this network to date.
Combining Ethereum consensus protocols with other features of Cardano is more complex than adding new features to Cardanolite.
Users of MetaMask who want to use the dApps available on the Cardano network have other alternatives, such as the Daedalus wallet, that they can use.
Conclusion
In summary, integrating Cardano into your accounts will take no time and allow you to manage and handle ADA effectively.
By installing MetaMask, setting up Binance Smart Chain, searching for the Cardano contract address, adding the token, and transferring wrapped ADA, one can use Cardano in the MetaMask interface.
This integration allows one to interact with more diverse decentralized applications and lets one know how much Cardano is held.
Users will undoubtedly find additional options for operating this cryptocurrency during their acquaintance with MetaMask.
Follow the news and developments to make the most of this ever-changing blockchain.
