How to add Wrapped Beacon ETH to Coinbase wallet 2024

To add Wrapped Beacon ETH (wBETH) to your Coinbase Wallet, follow these steps:

What Is Wrapped Beacon ETH?

Wrapped Beacon ETH (wBETH) is an ERC-20 token representing Ethereum 2.0 Beacon Chain (ETH 2.0) staked assets. It allows Ethereum 2.0 validators to access decentralized finance (DeFi) applications and smart contracts on the Ethereum blockchain while retaining exposure to their staked assets.

How to Add Wrapped Beacon ETH to Your Coinbase Wallet       

1. Ensure Your Coinbase Wallet App Is Updated: Make sure you have the latest version of the Coinbase Wallet app installed on your device.       
2. Open Your Coinbase Wallet App: Launch the Coinbase Wallet app on your device.     
3. Go to the 'Receive' Section: Navigate to the 'Receive' section within the app.       
4. Search for Wrapped Beacon ETH: Use the search function to look for Wrapped Beacon ETH or wBETH.       
5. Select Wrapped Beacon ETH (wBETH): If Wrapped Beacon ETH is supported, it will appear in the search results. Select it to access your wBETH wallet address or QR code.       
6. Copy Your Wrapped Beacon ETH Wallet Address: Copy the wallet address provided or use the QR code for transactions.       
7. Transfer Wrapped Beacon ETH to Your Wallet: Use the copied address or QR code to transfer wBETH from another wallet or exchange. Ensure you are sending it to the correct network.      
8. Wait for Confirmation: Wait for the transaction to be confirmed on the Ethereum blockchain.     
9. Verify Your Wrapped Beacon ETH Balance: Once the transaction is confirmed, you should see your wBETH balance reflected in your Coinbase Wallet.  

Conclusion

Adding Wrapped Beacon ETH (wBETH) to your Coinbase Wallet allows you to access decentralized finance (DeFi) applications and smart contracts on the Ethereum blockchain using your Ethereum 2.0 staked assets. By following the steps outlined above, you can seamlessly integrate wBETH into your Coinbase Wallet and explore the possibilities of DeFi.