How to Fund Your Wallet With BNB And GWG
Now that your wallet is set up, you’ll need some BNB.
BNB (Smart Chain) is the native currency of the Binance Smart Chain network and it’s commonly abbreviated to BNB, which is its most common signifier. You need BNB to pay for some of your interactions with the blockchain, and to pay for the items you buy.
Here are two ways to easily fund your account:
1. Buy Directly within MetaMask
Depending on your region, you may be able to buy BNB directly with a credit or debit card via a third-party provider. Please note, that buying crypto with a credit card may incur additional fees, depending on which third-party provider you use. You may also not receive the entire crypto amount immediately.
- Open the MetaMask wallet extension or the mobile app.
- Press Buy BNB.
3. Select a third-party service such as Wyre, Transak or MoonPay, which will facilitate the transfer of funds from your chosen funding source.
4. Follow the steps provided by the third-party service. You may need to submit personal information like an ID card or proof of residence to meet KYC (Know Your Customer) requirements.
5. Once you’re finished purchasing, the funds should appear in your wallet.
2. Funding From a Crypto Exchange
It’s also easy to fund your wallet by depositing from a reputable crypto exchange, like FTX or Binance, which offers a way to buy crypto with your bank account.
- Open the MetaMask wallet extension or the mobile app.
- Copy your wallet address by clicking the Account button with a clipboard icon. If you’re using the desktop wallet extension, a Copy to the clipboard will appear when you hover your mouse over the address.
3. Paste your wallet address as a ‘recipient address’ when withdrawing from your crypto exchange. Also, make sure to select BEP20 as your network. You can also consult the FAQ for each exchange below. Please note that these are third parties and we cannot make any guarantees about their service.
– How to send crypto from FTX
– How to send crypto from Binance
4. It may take some time for the BNB to appear in your wallet. After processing your withdrawal, your crypto exchange should provide a number called a Transaction Hash or Transaction ID. This is a unique number for each transaction on the blockchain. You can use this unique number to check the progress of your withdrawal on third-party tools like bscscan.
