How to Buy WETH

Wrapped Ethereum (WETH) is available on many exchanges such as Uniswap, Curve Finance, PancakeSwap, and several others. It can also be exchanged for one from over 5,000 coins on LetsExchange.

What Is Wrapped Ethereum (WETH)?

Wrapped Ethereum solves the problem of blockchain interoperability by enabling sending ETH on various blockchains.

For example, Ethereum is supported by the Ethereum blockchain accordingly. But what if you want to trade it for other tokens? The thing is that the majority of tokens are issued in the ERC20 standard. This standard was developed for the Ethereum blockchain and is supported by it. But ERC20 was developed after Ethereum came into existence. Thus, Ethereum is not an ERC20 token and cannot be traded for other ERC20 tokens.

A Wrapped Ethereum is Ethereum wrapped in ERC20 standard. It makes it possible to trade Ethereum for any other ERC20 token.

History of WETH

The first WETH smart contract was released in November 2017. This ERC20 wrapped token was developed with the intent to create standardization and maximize security across applications. Since then, WETH has been used as a standard approach to trade ETH for other tokens.

WETH and ETH: What's the Difference?

Ethereum is the original token of the Ethereum blockchain, and WETH is a temporary solution to the issue of interoperability.

WETH cannot be used to pay gas fees while ETH can perform this function.

Wrapped assets, including WETH are not Turing-complete and thus, they cannot be automated via a blockchain. They are highly centralized because the wrapping process means using central programs. That’s why they are exposed to abuse and manipulation.

How to Buy Wrapped Ethereum

Buying WETH is easy if you have a wallet that supports ERC20 tokens and some coins to get the asset. Metamask is among the most popular wallets that are used for this purpose. Another option is Trustwallet or any other cols wallet such as Ledger, Trezor, etc.

After that, you choose a platform where you want to make the swap, and proceed with the swapping process.

WETH is supported by LetsExchange. Here, swappingWETH is easy with any of the supported assets.

All you need to do is to follow this instruction.

Open the page with the widget. WETH can be swapped in the DEX, this is why click on the DEX tab.

Select the network. We will be purchasing in the Ethereum network, thus, we do not change it, but you select the network you need.

Select the coin that you will use for swapping for WETH, and provide the sum. In our case, it is 200 USDT.

Select WETH in the You Get field. The sum to get will be calculated automatically.

Below, you can see the gas fee and the exchange rate.

Click on the Connect wallet button to connect your wallet.

You can choose any of the displayed wallets or click on WalletConnect if you want to connect another wallet. We pick MetaMask.

Proceed with confirmations from the wallet, and wait till your swap is completed.

Where to Buy WETH

WETH is traded on many exchanges such as Uniswap, PancakeSwap, LetsExchange, and others. You can exchange WETH right not in the widget below.

Conclusion

Wrapped Ethereum is an ERC20 token that can be traded for other ERC20 tokens. With it, WETH effectively solves such an issue as blockchain interoperability and enables traders to swap an ETH equivalent for other tokens.

FAQ

Can I buy WETH directly?

Yes, absolutely, you can buy WETH from other traders on Uniswap, PancakeSwap, or any other DeX.

How do you get a WETH?

You can either buy it from other traders or you can wrap it on Uniswap, PancakeSwap, or even in your MetaMask wallet.

Can you use ETH to buy WETH?

While you can do it, there is no reason to buy WETH with ETH. Instead, you can wrap your ETH and get WETH, trade it, and unwrap WETH to ETH again.

Where can you buy WETH?

You can buy WETH on all decentralized exchanges and on LetsExchange.