WBETH is a liquid staking token on Binance that represents staked ETH plus the earned rewards. This token allows users to benefit from DeFi projects while retaining their staking rewards.
MoreWBETH runs on the Binance Smart Chain and enables users to stake their ETH and obtain WBETH through an official smart contract. They can also swap their WBETH for BETH and vice versa, without paying any fees on Binance.
MoreIt is possible to buy WBETH on an exchange like Coinmerce. Select the coin, choose your payment method, and receive the WBETH tokens in your wallet.
MoreDo you want to buy WBETH? At Coinmerce, you can purchase WBETH using iDeal. This means you can buy WBETH if you are connected to Rabobank, ING, ABN AMRO, or another Dutch bank. Once you are logged in, click on "Coins" in the top menu. This will take you to a page with all the cryptocurrencies offered by Coinmerce. If you don't see WBETH listed, use the search function to find WBETH and click on this cryptocurrency. In the right window, you can indicate how much euro worth of WBETH you want to buy. Below, it will show you how much WBETH you will receive for that amount. Have you entered the correct amount? Then click on "Buy".
WBETH is a liquid staking token connected to Ethereum staking. The value of WBETH represents the value of ETH, meaning that 1 WBETH is equal to 1 ETH. Additionally, the staking rewards that users can earn with WBETH are equivalent to the staking rewards that can be earned with ETH. Binance launched WBETH after the emergence of Ethereum 2.0, the new network of the Ethereum blockchain that utilizes the Proof-of-Stake (PoS) consensus algorithm. The previous network still used the old Proof-of-Work (PoW) mechanism, but to improve scalability, the transition to PoS was made. As a result, the Ethereum network after the upgrade consisted of validators instead of miners. WBETH is different from BETH and ETH because, unlike these tokens, it is a liquid staking token. This allows users to use their tokens while staking them. By staking BETH, stakers receive WBETH tokens as a reward, which they can then use within other DeFi projects, making ETH staking much more appealing.