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Convert WETH to your currency
Last Updated on Sep 27, 2025 09:20 PM
What is WETH?
About the coin
WETH, or Wrapped ETH, is the tokenized version of Ethereum's native cryptocurrency, ETH. It is designed to be used in Ethereum decentralized applications (dApps) and follows the ERC-20 token standards. This standardization allows WETH to be interoperable with other ERC-20 tokens, providing more utility to its holders.
Main features
WETH offers several advantages over ETH, primarily due to its compliance with the ERC-20 standard. This compliance enables WETH to be used across various networks and dApps, including staking, yield farming, lending, and providing liquidity to different liquidity pools. Unlike ETH, which is limited to the Ethereum network, WETH can be utilized on other blockchain platforms such as Binance, Polygon, Solana, and Cardano. The price of WETH is always equivalent to ETH, maintaining a 1:1 wrapping ratio.
How it works
The process of wrapping ETH involves custodians who manage the conversion. To wrap ETH, users send their ETH to a custodian, which could be a multi-signature wallet, a Decentralized Autonomous Organization (DAO), or a smart contract. After connecting a web3 wallet to a DeFi exchange, users specify the amount of ETH to wrap and execute the swap function. Once the transaction is confirmed, WETH tokens equivalent to the swapped ETH are received. On centralized exchanges, the process involves burning the deposited ETH and minting a wrapped version, which can be unwrapped by reversing the process.
What’s Next for WETH?
The future of WETH may see changes as developers aim to update ETH to comply with its own ERC-20 standards, potentially eliminating the need for WETH.
Wallet for WETH
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for WETH
- Ethereum
- Bnb Beacon Chain
- Solana
- Tron
- Terra
- Shibarium
Metrics
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WETH FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Wrapped Ethereum(WETH) is a cryptocurrency based on Ethereum's ERC-20 protocol. According to the website, WETH allows users to exchange Ethereum (ETH) tokens for other crypto assets built on the ERC-20 architecture on various decentralized trading platforms.
- WETH was introduced to enable the seamless interaction between ETH and other Ethereum-based tokens.It is essentially a representation of ETH in the form of an ERC-20 token, which makes it compatible with various decentralized exchanges (DEXs) and decentralized finance (DeFi) protocols.
How to secure WETH with Tangem Wallet?
Tangem products are for everyone, from beginners to experts. They keep your crypto safe and easy to manage. With cutting-edge technology, Tangem lets you control and protect your digital assets.
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Get the Tangem Wallet and take control of your assets with just one tap. It's perfect for anyone new to crypto and offers a great experience for more experienced users too.
Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
Discover the power of crypto. Manage crypto with balance tracking, secure transactions, and direct purchases or swaps through Tangem Wallet.
Why choose WETH wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
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