What is the current price of Wrapped ETH (WETH)?

The current price of Wrapped ETH (WETH) is 2417.1896317628207 AUD, representing a -2.48 from the day prior.

Can I buy Wrapped ETH (WETH) on Coinstash?

Yes - you can easily buy and sell Wrapped ETH (WETH) on Coinstash. Simply login or sign up, to start buying Wrapped ETH (WETH) in minutes.

Where is the best place to buy Wrapped ETH (WETH) in Australia?

The best place to buy Wrapped ETH (WETH) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Wrapped ETH (WETH) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Wrapped ETH (WETH)?

The trading volume of Wrapped ETH (WETH) is 577.0M AUD in the last 24hrs, representing a -2.48 from the day prior.

How can I buy Wrapped ETH (WETH)?

Wrapped ETH (WETH) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Wrapped ETH (WETH)?

The current market cap of Wrapped ETH (WETH) is 6.6B AUD.

Can I convert Wrapped ETH (WETH) to cash?

Yes - With Coinstash you can convert your Wrapped ETH (WETH) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Wrapped ETH (WETH) are there?

The current circulating supply of Wrapped ETH (WETH) is 2.7M.

Is Coinstash a safe place to buy Wrapped ETH (WETH) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Wrapped ETH (WETH) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Wrapped ETH (WETH)

What is WETH?

WETH, or Wrapped Ether, is a tokenized version of Ether (ETH), the native cryptocurrency of the Ethereum network. It is pegged to the value of ETH 1:1 and enables increased interoperability between Ethereum and other blockchain networks by conforming to the ERC-20 token standard.

How does WETH work?

WETH works by "wrapping" ETH into an ERC-20 token. This involves sending ETH to a smart contract that locks up the ETH and mints an equivalent amount of WETH. This process allows the wrapped version to be used in various decentralised applications (dApps) and exchanges that require ERC-20 tokens. Users can unwrap WETH back into ETH by reversing this process through the smart contract, which burns the WETH and releases the corresponding ETH.

What are the potential use cases for WETH?

WETH has several use cases, particularly in the realm of decentralised finance (DeFi):

Trading on Decentralised Exchanges (DEXs): WETH is commonly used on platforms like Uniswap and SushiSwap for trading pairs.
Providing Liquidity: Users can contribute WETH to liquidity pools on DEXs and earn fees.
Collateral in Lending Platforms: WETH can be used as collateral on protocols like Aave and Compound.
NFT Trading: Since many NFT marketplaces accept WETH, it can be utilised in buying and selling non-fungible tokens.
Crypto Lending and Staking: WETH can be employed in various lending and staking strategies within DeFi.

What is the history of WETH?

WETH was developed in 2017 to solve interoperability issues among different dApps and DEXs on Ethereum. The concept was proposed and implemented by teams like those from MakerDAO, 0x, and Gnosis. It gained immediate popularity due to its ability to make ETH compatible with ERC-20 tokens, which greatly enhanced its utility in DeFi applications. Over the years, WETH has become integral to liquidity provision and cross-chain interactions within the DeFi ecosystem.