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imageIf you accidentally skip this step, the Ethereum network the wallet defaults to will not connect to BSC DApps. Within MetaMasks mobile app, you will see the BSC network available inside a dropdown menu of network options. Depending on the wallet you chose, the BSC network may need to be manually added.

imageTick the "Terms and of service" box on Binance e. Click on the ‘Create Account’ button. Shortly, you will be sent a confirmation email to the address you specified. If you have been referred by a friend to register on Binance, you can fill in the Referral ID of your friend or leave it blank since it is (Optional).

If you do not want to buy through this process, then, cryptocurrency you can go to the Exchange’s interface and place your order. You can buy bitcoin and other cryptos on Binance by clicking on "buy crypto". You can also fill an already placed order. There, you can select your preferred payment option to buy BTC.

Another feature on both the Binance Chain and Binance Smart Chain is the Binance Bridge. There are no conversion fees for such services. It is primarily focused on enabling other blockchains to connect with the BC or BSC. Binance Bridge enables different blockchains to co-work in a parallel manner. This allows other cryptocurrencies to be used in the two blockchains by wrapping them first.

The decentralized exchange (DEX) Pancake Swap (CAKE) has pulled the lion’s share of traders to BSC. This popular DEX and its associated token are now worth over $5 billion. A BSC alternative to Uniswap (UNI), CAKE continues to make headway against its larger, ETH-based rival.

To register, you will have to follow these steps closely. Go to Binance’s official website and click the Register button on the top right-hand side. On the registration page put your Email and Password.

BSC has Proof-of-Stake-Authority (PoSA) as a consensus mechanism, where the number of tokens you stake determines the reward rate. Nonetheless, others can stake even 1 BNB and become delegators. The BSC ecosystem requires 21 leading nodes to secure the network. The validators use the staked BNB from the delegators and give a small portion of the reward to them. To become a validator, you have to stake at least 10,000 BNB in the BSC.

The supported cryptos here are the same as the Credit/Debit card option. Credit/Debit Card: This option allows you to buy cryptos using credit/ debit cards. You can buy up to 19 cryptocurrencies or sell 22 cryptos using this option. Third-Party Payment: Your transactions here are being carried out through a selected payment gateway (either Simplex or Banxa for now).

It is safe to say the Binance has taken the cryptocurrency world by storm, and it does not look like it is going to stop any time soon. To conclude, the Binance Coin and Binance Smart Chain are two very important additions to the cryptocurrency market. The two are directly related as well because an increase in the popularity of BSC may cause an increase in the price of BNB.

Unfortunately, individuals in states as Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont, and Washington are restricted from using Binance.US.

Remember, Binance Chain is the original blockchain running parallel to BSC. When withdrawing BNB from the Binance exchange to your wallet, as described further in step 3, be sure to specify Binance Smart Chain (BSC) as your transfer network. The token standard for BNB on Binance Chain is different from the BEP-20 standard necessary for transactions on BSC.

We are here to guide you every step of the way. Let’s find the strongest way to position your company in the DeFi space and beyond. The principles and tools of marketing remain the same; however, the strategy, framework, execution methodology, speed and timing change everything. DeFi poses a great opportunity in the evolving crypto space for established businesses and startups to launch their FinTech products. This is 2017 all over again, but stronger, more organized, and highly competitive.

Last year, a post was made on r/bitcoin calling for the bitcoin wizard ad to be removed, with Reddit user TiltMastery complaining: "For anyone to take us seriously in the long term, we all need to grow up. I just find this picture to be immature."

This article is strictly for informational purposes only. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. and the author of this article do not accept culpability for BNB losses and/ or damages arising from the use of this publication. Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. nor the author Binance can guarantee such accuracy.

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