how to add Wrapped HBAR to Coinbase wallet 2024

To add Wrapped HBAR (wHBAR) to your Coinbase Wallet, follow these steps:

What Is Wrapped HBAR?

Wrapped HBAR (wHBAR) is an ERC-20 token pegged to the value of Hedera Hashgraph (HBAR). It allows HBAR holders to access decentralized finance (DeFi) applications and smart contracts on the Ethereum blockchain while retaining exposure to HBAR's price.

How To Add Wrapped HBAR 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 HBAR: Use the search function to look for Wrapped HBAR or wHBAR.        
5. Select Wrapped HBAR (wHBAR): If Wrapped HBAR is supported, it will appear in the search results. Select it to access your wHBAR wallet address or QR code.        
6. Copy Your Wrapped HBAR Wallet Address: Copy the wallet address provided or use the QR code for transactions.        
7. Transfer Wrapped HBAR to Your Wallet: Use the copied address or QR code to transfer wHBAR 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 HBAR Balance: Once the transaction is confirmed, you should see your wHBAR balance reflected in your Coinbase Wallet.   

Conclusion

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