Crypto Investing

How to Buy BNB in Metamask – MoonPay And Transak 

3 Mins read

BNB is one of the crypto market’s most widely held and best-performing coins. Buying BNB in Metamask makes it fast and secure. It reduces the number of steps and stress involved in the traditional way of buying BNB from cryptocurrency exchanges and transferring it to the wallet. To buy BNB, you can use centralized and decentralized exchanges, P2P services, and your debit/credit card.

How to Buy BNB in Metamask

Photo credit: Crypto.com

If you want to get helpful information about How to Buy BNB in Metamask, you have come to the right place. This guide will review How to Buy BNB in Metamask using Transak and How to Buy BNB in Metamask using MoonPay.

How To Buy BNB In Metamask

You can buy BNB in Metamask in two ways: Transak and MoonPay. Let’s discuss How to Buy BNB in Metamask using Transak and How to Buy BNB in Metamask using MoonPay.

How To Buy BNB On Metamask Using Transak

Transak in Metamask is payment access that allows users to buy crypto using fiat currency. Transak accepts Apple Pay, Google Pay, card payments, and bank transfers. Steps on How to Buy BNB in Metamask using Transak.

  1. Click Buy: Enter your password in your MetaMask wallet extension, click Unlock and then click Buy.
  2. Navigate to Buy BNB with Transak: There is an option to Buy “BNB with the Transak.” Click Continue to Transak.
  3. Enter the Amount: Input the amount you desire to buy BNB and select the currency. Then, select Google Pay, Apple Pay, or Visa and click Buy now.
  4. Check the Wallet Address: You will see the MetaMask wallet address and order details. Because you place an order inside the MetaMask, it will automatically fetch your wallet address. Just double-check your order details and click Buy BNB.
  5. Enter the Email Address: Transak will ask for your email address to send the verification code. Enter your email address and click Continue. Enter your verification code, select the little check box and click Continue.
  6. Complete the KYC: Enter your name, mobile number, and date of birth, and click Continue.
  7. Make the Payment: Follow the OTP verification at the payment gateway.
  8. Check your MetaMask Wallet: Normally, the average processing time of Transak is 5.5 minutes. Wait for a few minutes and go back to your MetaMask wallet. There you can see your BNB balance.

How To Buy BNB On Metamask Using MoonPay

MoonPay was launched in 2019 and is now trusted by more than 5M people. MoonPay is payment access that allows supports fiat-to-crypto payment. Like Transak, MoonPay accepts Apple Pay, Google Pay, and card payments.

  1. Click Buy: Enter your password in the MetaMask wallet extension, enter your password, click Unlock to log in, and click Buy.
  2. Select Buy BNB with MoonPay: You will see Buy BNB with the MoonPay option. Click Continue to 
  3. Enter the Amount: Input the amount of BNB that you want to buy and click Continue. You can only use USD and can’t use Google Pay or Apple Pay now in MoonPay integrated into MetaMask.
  4. Put the Email Address and Card Details: MoonPay will ask for your email address to send the verification code. Input your email address and click continue. Enter your verification code and click continue.
  5. Make the Payment: Follow the prompts, such as OTP verification at the payment gateway.
  6. Check your MetaMask Wallet: The average processing time of MoonPay is 5-10 minutes. Wait a few minutes and return to your MetaMask wallet to see your BNB balance.

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Conclusion

This is How to Buy BNB in Metamask. Buying BNB using Transak and MoonPay is expensive compared to buying in centralized exchanges, such as Coinbase and Binance. However, this reduces the number of steps in buying BNB in the centralized exchanges and transferring the process of crypto to the MetaMask wallet. The fee in Transak to buy BNB is 3.19 USD; 2 USD for MetaMask, 1 USD for Transak, 0.19 USD for network/ exchange fee. Using Visa Cards or Apple Pay will result in a higher fee. The fee in MoonPay to buy BNB is as low as 5.88 USD.

This article has covered How to Buy BNB in Metamask using MoonPay and How to Buy BNB in Metamask using Transak. I hope the information is helpful to you. In the comment section, please drop your view about How to Buy BNB in Metamask using MoonPay and Transak.

FAQs

How Do I Buy BNB At MetaMask?

Open the MetaMask app. Search for BNB and click on “Buy.” Choose how much BNB you want to buy and follow the on-screen instructions to complete the process.

Can I buy BNB Through GCash?

Yes, but you must add GCash to your Binance app to start buying and selling BNB.

How Do I Send Money From GCash To BNB?

  1. Ensure that you have enough balance in your GCash account.
  2. Go to P2P Trading of Binance.
  3. Filter the ads to ensure that payment using GCash is allowed.
  4. Buy from the filtered ads.
  5. Send money from GCash.

Can You Send BNB In MetaMask?

You can send BNB from a Metamask wallet to another Metamask wallet or the Binance platform.

Can I store BNB On The MetaMask wallet?

Yes. The default network on Metamask is the Ethereum Network. To store, send or receive BNB, you must change the network to BNB Chain.

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