Last updated on November 13th, 2022
If you own some ADA, you may be looking to send it to your Metamask wallet. However, ADA has its native Cardano blockchain, which can’t be added to your Metamask wallet.
The only way that you can add ADA to your Metamask wallet is by the Binance-Peg ADA token, which is native to the Binance Smart Chain.
Here’s a guide on how you can do so:
Contents
Can you hold ADA on Metamask?
You are only able to hold ADA on Metamask via the Binance-Peg ADA token, and not the ADA token that is native to the Cardano blockchain. This is because Metamask does not support the Cardano network, but you are able to add the Binance Smart Chain to Metamask.
How to add Binance-Peg ADA to Metamask
Here are 4 steps to add ADA to Metamask:
- Go to Metamask and ensure that you are using the Binance Smart Chain
- Select ‘Import Tokens’, and then ‘Import Custom Token’
- Copy the Binance Smart Chain contract from CoinMarketCap
- Double check that ADA is detected and select ‘Add Custom Token’
Go to Metamask and ensure that you are using the Binance Smart Chain
The first thing you’ll need to do is to ensure that you are using the Binance Smart Chain on Metamask.
If you have not set up the Binance Smart Chain on your Metamask wallet, you can check out this step-by-step guide here.
Alternatively, you can view this video on how to add any new networks automatically with just one click:
Select ‘Import Tokens’, and then ‘Import Custom Token’
Once you’re on the Binance Smart Chain, the next step will be to select ‘Import Tokens‘.
On the Binance Smart Chain network, you are only able to import custom tokens.
This is different from adding tokens to the Ethereum Mainnet, where you can search for and automatically add tokens like MANA or SAND.
Copy the Binance Smart Chain contract from CoinMarketCap
For the next part, you can go to the ADA page on CoinMarketCap.
I prefer using CoinMarketCap to obtain the contract address, as it is one of the most reliable sites with regards to cryptocurrencies.
It is important that you ensure that the site where you’re obtaining the contract address from is a credible source!
There is a section called ‘Contracts‘, where you’ll see the BSC contract for ADA.
You can click on the contract and it will be copied to your clipboard.
Double check that ADA is detected and select ‘Add Custom Token’
Once you’ve copied the Contract Address, you can paste it in the ‘Token Contract Address‘ field in Metamask.
If you pasted the correct contract address, ADA should automatically appear as the Token Symbol.
After selecting ‘Add Custom Token‘, you will need to confirm importing ADA one more time.
Once you’ve successfully imported ADA to your Metamask wallet, you should see it as one of your assets under the Binance Smart Chain.
This will allow you to view any ADA that you’ve deposited via the BSC!
The BNB Smart Chain is an EVM-compatible network, and you can find out more about why this is so important here:
Conclusion
When you add ADA on Metamask, you are holding ADA that is on the Binance Smart Chain (BEP20). This allows you to send and receive ADA on the Binance Smart Chain, even though Cardano’s native network is different from the Binance Smart Chain.
As such, you will be unable to send the Binance-peg ADA token to stake on platforms such as Yoroi.
This process is similar to how you would add BTCB and XRP to your Metamask wallet too.
If you are looking to send ADA to Trust Wallet, you will need to follow a similar procedure as well!
After adding and receiving your tokens to your Metamask wallet, you can consider using decentralised exchange (DEX) aggregators, including:
Since both platforms are DeFi aggregators, they will ensure that you will get the best rates for any swaps that you make!
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