How to Add BUSD to MetaMask

Adding BUSD (Binance USD) to your MetaMask wallet allows you to send, receive, and interact with decentralized applications on the Binance Smart Chain. BUSD is a popular stablecoin pegged to the US dollar, making it a secure store of value.

What is BUSD?

BUSD is an ERC-20 token on the Ethereum blockchain and BEP-20 token on the Binance Smart Chain. Its value is pegged to the US Dollar at a 1:1 ratio, meaning 1 BUSD = $1 USD. This makes it much less volatile than other cryptocurrencies.

Benefits of BUSD

Here are some of the main benefits of using BUSD:

  • Price stability – Since BUSD is pegged to USD, its value remains stable compared to volatile coins like Bitcoin and Ethereum. This makes it suitable for payments, trading, and holding value.
  • Fast and cheap transactions – Sending and receiving BUSD on Binance Smart Chain is faster and cheaper than Ethereum.
  • Backed 1:1 with USD – Every unit of BUSD is backed by $1 USD held in reserves by Binance and their partners. This ensures its price stability.

How to Add BUSD to MetaMask

  1. Install the MetaMask browser extension
  2. Create a wallet or import your existing wallet
  3. Connect MetaMask to the Binance Smart Chain
  4. Obtain some BNB for gas fees
  5. Click "Add Token" and search for BUSD
  6. Click on the official BUSD token
  7. Click Next and Add Tokens

You will now see your BUSD balance in your MetaMask wallet when connected to the Binance Smart Chain network. You can use your BUSD to interact with dApps built on the BSC.

How to Get BUSD

Some options to get BUSD include:

  • Buy on centralized exchanges like Binance or KuCoin
  • Trade cryptocurrencies for BUSD on DEXes like PancakeSwap
  • Earn BUSD yield through DeFi protocols

Once you have BUSD, withdraw it to the BEP-20 network to your MetaMask BSC address.

Conclusion

Adding BUSD to MetaMask gives you easy access to the many DeFi apps and dApps being built on Binance Smart Chain. As one of the most widely-used stablecoins, BUSD brings stability and utility that expands the usability of the BSC ecosystem.