In this guide, we will show you how to add the Cardano ADA token to MetaMask. While Cardano itself is not compatible with MetaMask, there is a workaround using the Binance Smart Chain.
This guide walks through the process of adding Cardano (ADA) to the MetaMask wallet by using the Binance-pegged version of ADA on the Binance Smart Chain network. Specifically, we will cover how to find the correct BEP-20 ADA contract address, import it into MetaMask wallet, and transfer ADA from an exchange like Binance.
Can You Add Cardano To Metamask?
Unfortunately, Cardano (ADA) is not currently supported by MetaMask wallet since it uses a different blockchain architecture than Ethereum. MetaMask is primarily designed for managing wallets and interacting with decentralized applications (DApps) built on Ethereum and participating Ethereum-compatible networks.
While Cardano cannot directly be added to MetaMask, you can utilize Cardano through alternative wallets like Daedalus or Yoroi which are designed specifically for the Cardano blockchain. MetaMask may eventually support Cardano if the teams collaborate to build integration, but for now, Cardano remains separate.
Another promising blockchain platform that MetaMask currently supports is Binance Smart Chain (BSC). BSC allows users to access decentralized applications and digital assets in a similar manner to Ethereum but with much lower transaction fees.
What is Binance Smart Chain (BSC)?
Binance Smart Chain (BSC) is a blockchain network developed by Binance, the world’s largest cryptocurrency exchange by volume. BSC is compatible with the Ethereum Virtual Machine and allows developers to port their decentralized applications over from Ethereum to take advantage of BSC’s faster transaction speeds and lower gas fees. It also supports wallets including MetaMask, Trust Wallet, and Binance wallet to manage BSC assets.
Adding the Binance Smart Chain Network to MetaMask:
The Binance Smart Chain (BSC) is a blockchain network compatible with Ethereum Virtual Machine (EVM). It allows users to hold tokens pegged to other blockchains like Cardano.
To add Binance Smart Chain to MetaMask, follow these steps:
- Select “Custom RPC” from the networks dropdown
- Enter the following RPC URL: https://bsc-dataseed.binance.org/
- Click “Save”
Now MetaMask is configured to interact with the BSC network where we will add the Binance-pegged ADA token.
Adding the Binance-pegged ADA Token to MetaMask:
With BSC added, we can now import the ADA token contract.
- In MetaMask, go to “Assets” and select “Import Tokens”
- Copy the BEP-20 ADA contract address: 0x3EE2200Efb3400fAbB9AacF31297cBdD1d435D47
- Paste the address and click “Add Custom Token.”
The Binance-pegged ADA token should now appear in your MetaMask wallet, ready to receive transfers from supported exchanges like Binance.
Transferring ADA from an Exchange to MetaMask:
To transfer ADA held on an exchange to your new MetaMask ADA wallet, follow your exchange’s withdrawal process.
On Binance for example:
- Go to “Wallet” and select “Withdraw”
- Choose “ADA” and the network as BEP20 (BSC)
- Enter your MetaMask receiving address and withdraw amount
- Review and submit withdrawal
The ADA will arrive in your MetaMask wallet within minutes to be held and interacted with using the BSC network.
Advantages of Cardano
Cardano is an eco-friendly proof-of-stake blockchain with a strong focus on academic research and regulation. It aims to provide financial inclusion for the billions lacking access to banks through a distributed ledger system.
Some key Cardano advantages include high transaction throughput, low fees, sustainability, and a growing DeFi ecosystem centered around platforms like SundaeSwap and Minswap. Its proof-of-stake Ouroboros consensus algorithm also uses less energy than Bitcoin’s mining.
Popular Cardano Applications
Cardano is building out a diverse DeFi ecosystem including DEXs, lending protocols, stablecoins and NFT platforms. Popular applications include Cardstarter for token launches, SundaeSwap and MinSwap as DEXes, and platforms like Cardano Reef and Djed for stables and DeFi opportunities. With the Vasil upgrade, EVM compatibility will also expand the options.
By importing the Binance-pegged ADA token contract into MetaMask connected to the Binance Smart Chain, users can now hold and transfer the ADA token without needing a separate Cardano wallet. This works around the lack of direct Cardano integration by utilizing a BEP-20 compatible version of the token. With sent ADA showing as its BSC-pegged equivalent in the wallet, this method provides Cardano exposure and transacting options using MetaMask.