One of the reasons why I believe that hive and its dApps have lots of potential, is because everything can be interconnected. We can grow our knowledge & experience, as the technology and evolves and the opportunities increase.
I have been in the blockchain space for 4 years, however there is still a lot to learn. In the very near future I plan to work more with DeFi, passive income opportunities, and maybe trading. I understand that this requires lots of more homework/studying and learning.
Today I tried a new thing and I would like to share it with you. This post is mostly to serve as a short tutorial for users who would like to see how to transfer their BNB from MetaMask to their Binance Account.
Please do not consider this as financial advise and please always do your own research first AND try with small amounts, while taking notes, to make sure that you follow the right steps.
There is no way to recover your funds if you make a mistake
Earning $LEO & Swapping them to $BNB
I used my hard earned #leo to swap them into BNB using https://wleo.io/bsc
How?
I swapped my leo to bleo and they were transferred into my MetaMask Account (Binance Smart Chain)
Some links you will probably need are:
If you have not already, please check out the following links:
How to download MetaMask
How to connect Metamask to BSC and cubfinance
How to wrap leo into bleo
Swapping $bleo to $bnb
I did it through Metamask. Please make sure you keep some BNB for the fees, you will surely need them for other transactions.
After you have swapped leo > bleo > binance smart chain - you will see them in your metamask
Click on them to be able to swap them
| Click on bleo | Enter the desired amount to swap |
|---|---|
| - | - |
I always leave both some bleo and both some bnb for the fees - make sure to leave some behind just in case.
Create a Binance Account
Even if you do not have a binance account, you will need one.
So you can use my referral link if you wish us both to earn 10% referral rewards.
Find your BNB address
Let's see where we will take the bnb address from so that we can send our newly acquired BNB to binance.
After you log in your account, go to your wallet > fiat and spot > BNB
https://www.binance.com/en/my/wallet/account/main/deposit/crypto/BNB
You will need to select Binance Smart Chain and then copy the address
Copy the address:
And then go to your Metamask, make sure you are seeing your binance smart chain wallet and the BNB and click on 'send' (the middle blue button)
Select the amount you wish to send and then click on next
Confirm the gas fee and then wait for the transactions to be sent (they are in the queue until they are confirmed)
After a couple of minutes the transaction is complete and we can now do whatever we want with our amount!
Trying out Binance Earn
The reason I went into all this trouble was to try out the Binance Earn.
Here, you may stake your crypto and earn
https://www.binance.com/en/earn
I feel safe trying these things out with small amounts, as I am testing how user friendly and easy to use these services are.
Not everyone is familiar with such actions, so it it best to play safe at first.
I ve decided to lock my 0.2 BNB for 2 months with an 6.53% APY
As I start just now to explore Binance possibilities & opportunities, I am overwhelmed by all that is going on there! I will be checking the Binance Academy for more.
If you are using Binance tell me, what's your best performing service?
What would you recommend to a beginner like me?
Perhaps another exchange too?
I hope that you ll share some of your ideas and suggestions with me/us!
Thank you for visiting!