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Author Topic: WALLETS EXPLANATIONS  (Read 268 times)
ASCOLTD (OP)
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June 03, 2021, 01:21:55 AM
 #1

please I'm a newbie and still learning about crypto, bounty, and wallets but the most challenging aspect is the wallets. please the is this bounty I'm doing of which demands a BSC ( binance smart chain) wallet address but I provided my metamask wallet because they all start with the same format. please I want to know whether my token will be received through it or my token cannot be paid through the metamask wallet I provided.
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June 03, 2021, 01:42:02 AM
 #2

If you don't know how to show your token in metamask.
Then Copy your BSC address and scan bsc address ex: https://bscscan.com/
Then if you get any token, then click this token.  And copy contract address. Then open metamask and click search button and paste this address.
Then allow this token.  You can show your token.
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June 03, 2021, 04:26:36 AM
 #3

You can receive your BSC token to your metamask wallet. You must follow these steps https://medium.com/stakingbits/setting-up-metamask-for-binance-smart-chain-bsc-921d9a2625fd

It takes only a few minutes to configure your metamask to be able to connect with the BSC network.

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June 03, 2021, 04:38:45 AM
 #4

Don't confuse wallet and network, wallet is a software (e.g. Metamask, Trustwallet) while network it's a coin/token smart contract/chaincode.

Binance Smart Chain network is copy paste the code from Ethereum Network but less decentralized (less validators) , this is why the address/format is same with each other. So it mean the 12 password recovery is also same for BSC or ETH wallets.

But be sure you should connect your Metamask wallet to Binance Smart Chain first before receive a token on BSC network to prevent from loss (this guide in my above post).

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June 03, 2021, 08:08:24 AM
 #5

You can send or receive your BSC asset on your metamask wallet as long as it already set to connect with BSC network. Some members already provided the correct link about how to set up your RPC on metamask.
The BSC address is the same as your ethereum address on metamask. It may not appear in your wallet caused by your metamask is still connected with ethereum main net. You must change it to the BSC main net.

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June 03, 2021, 09:56:22 AM
 #6

please I'm a newbie and still learning about crypto, bounty, and wallets but the most challenging aspect is the wallets. please the is this bounty I'm doing of which demands a BSC ( binance smart chain) wallet address but I provided my metamask wallet because they all start with the same format. please I want to know whether my token will be received through it or my token cannot be paid through the metamask wallet I provided.

I think some comments are already pointed out the things you need to do with your concern about the BSC Network address on Metamask wallet, Thats why I have a different suggestion since you are a newbie base on your OP I think you should use a Trust Wallet instead of Metamask because in Trust wallet there's already a prepared addy on BSC (BEP20) tokens no more technical inputs or process to be done. it's easy as counting. 
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June 03, 2021, 10:23:31 AM
 #7

All Ethereum wallets supports BSC, it's typically the same with different Chain so just add chain contract address and you will see your BSC tokens, it's so simple to do I recommend trust wallet

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June 03, 2021, 10:29:16 AM
 #8

Same problem as my neighbor had when he was trying to buy NFT's and doesn't have BNB to use for Binance Smart Chain transaction fees.
You need the RPC for Metamask.
Follow the instructions here. https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain
Just be sure you are using the Main Net and not the Test Net.
The easiest way though is installing Trust Wallet. Just keep your seed phrase in a secured way, pen and paper is the best option.

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June 03, 2021, 11:15:03 AM
 #9

please I'm a newbie and still learning about crypto, bounty, and wallets but the most challenging aspect is the wallets. please the is this bounty I'm doing of which demands a BSC ( binance smart chain) wallet address but I provided my metamask wallet because they all start with the same format. please I want to know whether my token will be received through it or my token cannot be paid through the metamask wallet I provided.

That's something you still get. You can still receive BSC in your Metamask wallet. You can use this tread as a method of setting Ethereum mainnet to BSC.
https://bitcointalk.org/index.php?topic=5328791.0
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June 03, 2021, 11:16:29 AM
 #10

please I'm a newbie and still learning about crypto, bounty, and wallets but the most challenging aspect is the wallets. please the is this bounty I'm doing of which demands a BSC ( binance smart chain) wallet address but I provided my metamask wallet because they all start with the same format. please I want to know whether my token will be received through it or my token cannot be paid through the metamask wallet I provided.

It is ok that you provided your Metamask wallet address (I guess by that you mean your metamask ETH address). The BSC address of your metamask wallet is the same as your ETH address you just need to manually add the binance smart chain (BSC) to your metamask. BSC is basically just a simple copy and paste of the ETH network with the big advantage of very low fees (like 0,10 -0,20$ per transaction) compared to the ethereum network. That's why the address is the same.
Here is a guide how you can add BSC chain to your metamask wallet.
https://www.bsc.news/post/connecting-metamask-wallet-to-the-binance-smart-chain
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June 03, 2021, 12:43:38 PM
 #11

please I'm a newbie and still learning about crypto, bounty, and wallets but the most challenging aspect is the wallets. please the is this bounty I'm doing of which demands a BSC ( binance smart chain) wallet address but I provided my metamask wallet because they all start with the same format. please I want to know whether my token will be received through it or my token cannot be paid through the metamask wallet I provided.
Binance Smart Chain and Ethereum have the same addresses. You can use one skin for all blockchains that are compatible with Ethereum wallets.
Full list on this site
https://chainlist.org/
Be sure to get a hardware wallet ledger or trezor. Connect it to the metamask to work safely. If you are a beginner, you are at high risk of losing money by stealing your seed phrase.

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June 03, 2021, 01:12:30 PM
 #12

Just add the smart chain network on your Metamask and you'll be fine. Another option would be to import your Metamask private key on BSC wallet, but the risk is great since you're exposing your private key. Better do it offline when you do this.
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June 03, 2021, 02:26:48 PM
 #13

If you send your tokens cross chain and to the exchange that does not support ERC-20 chain or BSC chain, you will lose your tokens.

You will have to open support ticket and rely on rules and support from exchanges to get your wrongly-sent tokens. You have to self aware that it will be your serious fault and exchange will not be responsible to spend their resources because of your fault. They will bear risks when expose their private key just to support you.

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June 03, 2021, 02:29:29 PM
 #14

please I'm a newbie and still learning about crypto, bounty, and wallets but the most challenging aspect is the wallets. please the is this bounty I'm doing of which demands a BSC ( binance smart chain) wallet address but I provided my metamask wallet because they all start with the same format. please I want to know whether my token will be received through it or my token cannot be paid through the metamask wallet I provided.
You just need to add the BSC address into your metamask wallet to show the tokens available there. And metamask is not the only cryptocurrency wallet as well, there are lot kf wallets available for different coins and some support multiple cryptos while some other support only one coin.

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June 03, 2021, 02:46:40 PM
 #15

No need to panic mate, you sure will get your bounty reward if you set up everything right, binance smart chain wallet addresses and Ethereum erc20 wallet addresses are exactly the same and sometimes comes with the same private key too, so all you have to do is get your erc20 metamask wallet address private key and import it as a binance smart chain wallet on your metamask, if the project you are promoting or promoted isn't officially listed on metamask already, this means you won't be able to see the tokens you received or when received, all you have to do at this point use the add custom token button to add the token to you metamask list, if this is done right, you should see your reward appear if it's already sent or will appear when it's sent.
You can also make use of mobile wallets like trust wallet, trust wallet is more sleek and way more user friendly than metamask, and the beautiful thing is, you can import both your binance smart chain and Ethereum chain wallets to trust wallet too. Simple and easy.

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June 03, 2021, 04:19:49 PM
 #16

Your bounty might not appear at first its common since only few are automatically registered in metamask and other wallets, but I'm sure you'll still get your bounty since BSC and ERC-20 are basically the same and will be registered your bounty tokens once you receive it.

If you're sure that your bounty tokens are already distributed to everyone including yourself then you should follow this step:

1. Open your metamask wallet
2. At the bottom click add token
3. Try searching the token symbol of the project you participated in, if it appears click it but if not proceed to next step
4. Click the Custom Token right next to search option
5. Find the designated Contract Address of your token then copy paste it in first column
6. Put the token symbol (its the initials of the project e.g. BTC, ETH etc.) on the second column
7. Lastly you should copy and paste the decimals of the token (you can find the decimals from where you found the contract address)

I hope it helps, at first it's kind of confusing because it has so many steps to follow but after doing it once it's hard to forget, so you'll be okay once you successfully claim your first tokens.



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June 03, 2021, 05:59:40 PM
 #17

please I'm a newbie and still learning about crypto, bounty, and wallets but the most challenging aspect is the wallets. please the is this bounty I'm doing of which demands a BSC ( binance smart chain) wallet address but I provided my metamask wallet because they all start with the same format. please I want to know whether my token will be received through it or my token cannot be paid through the metamask wallet I provided.

Actually you are in the lucky category for giving away a Metamask wallet, not a BSC extensions wallet. Because in my experience, transaction fees on Metamask are much lower than BSC extensions. You just need to set up the mainet, and it's very easy to do. There may be many explanations for this.
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June 03, 2021, 08:46:17 PM
 #18

please I'm a newbie and still learning about crypto, bounty, and wallets but the most challenging aspect is the wallets. please the is this bounty I'm doing of which demands a BSC ( binance smart chain) wallet address but I provided my metamask wallet because they all start with the same format. please I want to know whether my token will be received through it or my token cannot be paid through the metamask wallet I provided.
I know that it can be very intimidating to not know what you are doing as there are so many coins and wallets on this market but take this as an opportunity to learn more about the market and why it is worth so much money, some other users have already published good guides so in that respect there is nothing for me to add except that you actually read the guide and do your best to follow the steps given there, and also if you can learn more about how to secure your coins as that seems like a field in which you need more information as well.
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June 03, 2021, 10:26:13 PM
 #19

Use Trust Wallet if you're required to provide a BSC wallet. It's very easy to use.

Metamask wallet is for ERC20 tokens and that's what you need to have if the bounty asks for an Ethereum address for their ERC20 token reward and stakes.

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June 06, 2021, 12:54:27 AM
 #20

Don't confuse wallet and network, wallet is a software (e.g. Metamask, Trustwallet) while network it's a coin/token smart contract/chaincode.

Binance Smart Chain network is copy paste the code from Ethereum Network but less decentralized (less validators) , this is why the address/format is same with each other. So it mean the 12 password recovery is also same for BSC or ETH wallets.

But be sure you should connect your Metamask wallet to Binance Smart Chain first before receive a token on BSC network to prevent from loss (this guide in my above post).

Thank you very much for your explanation  but please if I have change it to BSC or RCP mainnet in my metamask can I still receive tokens from ether as well, without changing anything again?
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