Wrapped Ether (WETH) is an ERC-20 representation of Ethereum’s native currency, Ether, that allows compatibility with decentralized apps and services. This step-by-step guide shows how to easily add a WETH to Metamask wallet.
TL;DR
- WETH allows ETH compatibility with DApps, trading, lending & other DeFi services
- Add WETH to Metamask wallet by importing token or wrapping native ETH
- Get WETH on Ethereum mainnet & other networks like Polygon, BSC etc.
About Wrapped Ether (WETH) Token
Wrapped Ether (WETH) is an ERC-20 version of ETH that provides Ethereum’s native currency greater functionality like:
- ERC-20 standard compatibility for decentralized trades, loans, NFT marketplace payments etc.
- Easy conversion between ETH & WETH in 1:1 ratio
- Enables ETH transactions with smart contracts
- Access to DeFi, GameFi, NFT and Metaverse ecosystems
WETH is supported on Ethereum mainnet, testnets, sidechains, Layer 2 scaling solutions, as well as EVM-compatible blockchain networks like BSC, Polygon, etc.
Popular WETH platforms include Decentralized Exchanges (Uniswap, Sushiswap, etc.), Lending protocols (Aave, Compound), Liquidity Pools and Yield Aggregators.
Key Metrics
- Current STATS/WETH price on Uniswap v2: 0.08909 USD
- 24 hour STATS/WETH volume: $17,199.28
- Total liquidity for STATS/WETH pool: $151,358.77
- Fully diluted value of STATS: $889,752.25
- Number of STATS token holders: 661
- Number of STATS/WETH transactions in past 24 hours: 25
- Amount of STATS bought in last 24 hours (in USD value): $11.24K
- Amount of STATS sold in last 24 hours (USD value): $5.96K
What is WETH vs ETH?
WETH (Wrapped Ethereum) is an ERC-20 token that represents Ethereum on Ethereum’s blockchain. It is “wrapped” in the sense that it is a standard ERC-20 token that can be easily traded on decentralized exchanges (DEXs) and used in smart contracts, but it is backed 1-to-1 by actual Ethereum.
This means that one WETH is equivalent to one ETH. Wrapping Ethereum in this way allows it to be easily used in the same way as other ERC-20 tokens in decentralized finance (DeFi) applications.
ETH, short for Ethereum, is the native cryptocurrency of the Ethereum blockchain used to pay for transactions and computational services on the network.
Is WETH Safe?
Yes, WETH is safe and fully backed 1:1 by Ethereum (ETH). It is always redeemable for ETH through decentralized, non-custodial trading platforms like Uniswap and Sushiswap. This means that users can easily convert their wrapped ETH back to regular ETH if they choose.
Step-By-Step Guide to Add WETH to MetaMask
Follow these simple steps to import the Wrapped Ether (WETH) token to your MetaMask wallet:
Step 1: Ensure Ethereum mainnet is selected
Check that your wallet is connected to the Ethereum mainnet network. If not, select it from the network dropdown.
Step 2: Access “Import Tokens”
In your MetaMask wallet, scroll down and click on “Import Tokens” at the bottom.
Step 3:Step 4: Search for “WETH” token
On the token import page, search for the WETH token by typing “WETH” in the search bar. Select the option for Wrapped Ether (WETH) from the search results. This will usually be the first result.
After selecting the Wrapped Ether token, click on the [Next] button at the bottom to proceed.
How To Add WETH on Other Networks
As WETH is available on multiple blockchain networks, you can similarly add WETH to the MetaMask wallet configured for those networks including:
Polygon Network
To add WETH token on the Polygon network:
- Copy Polygon WETH contract address
- Ensure the Polygon network is added & selected in MetaMask
- Access “Import Tokens” and paste contract address
- Click “Add Custom Token” and then “Import Tokens”
Binance Smart Chain (BSC)
To add WETH on Binance Smart Chain:
- Get BEP-20 WETH contract address
- Ensure the BSC network is added & selected in MetaMask
- Click “Import Tokens” and paste contract address
- Click “Add Custom Token” and “Import”
Beyond adding WETH, MetaMask supports a wide variety of other tokens and blockchain networks. You can add popular stablecoins like USDC for everyday transactions by adding USDC to MetaMask. The wallet also enables integration with Tron’s blockchain when configured properly, as shown in our guide for adding Tron to MetaMask.
And MetaMask even supports niche Layer 1 chains like THORChain which facilitates cross-chain decentralized trading. We have a simple walkthrough for adding THORChain to your MetaMask wallet to access this unique functionality.
Convert ETH to WETH on MetaMask
You can easily wrap your native ETH to pegged WETH tokens within your Metamask Wallet itself via the following process:
Ensure the WETH token has already been added
First, import the WETH contract to the MetaMask wallet using the guide outlined before.
Click “Swap” and Select “Wrap”
Go to the Swap tab in your MetaMask wallet and choose the “Wrap” option.
Specify the amount to wrap
Enter the quantity of native ETH you want to wrap to the WETH token.
Review swap details & confirm
Review estimated gas fees for the wrap transaction and click Confirm Swap to complete the wrapping process.
The equivalent WETH tokens will be reflected in your wallet upon successful completion.
Can You Send WETH to Metamask ETH Address
Yes, you can send WETH to your Metamask ETH address since they are identical.
Metamask provides one universal wallet address that works across multiple networks and token standards like ERC-20, BEP-20 etc.
So your ETH and WETH public address will be the same. Just make sure to send WETH to the Ethereum network-compatible address displayed in your MetaMask wallet.
Conclusion
Adding Wrapped Ether (WETH) to your MetaMask wallet enables easy integration with leading decentralized apps, exchanges, lending protocols and more across Ethereum and other supported networks.
You can get WETH either by wrapping native ETH or importing the WETH token contract address through the “Import Tokens” option.
With WETH in your wallet, you can now seamlessly interact with and explore the growing world of DeFi!
FAQs
What’s the difference between WETH and ETH?
WETH is an ERC-20-wrapped version of the Ethereum network’s native ETH tokens. It has the exact same value but allows compatibility with DApps, DeFi services, token trades etc. requiring ERC-20 standard.
Is WETH necessary to use DeFi apps?
Yes, most DeFi platforms and dApps require ERC-20 tokens, so you need WETH instead of regular ETH to use these services.
Can I send WETH to my MetaMask ETH address?
Yes, your ETH and WETH addresses are the same in the MetaMask wallet. You can send and receive WETH to your MetaMask public address.
How do I view my WETH balance on MetaMask?
Once WETH is added, your WETH token balance shows right below your ETH balance on the MetaMask wallet’s main screen. Click the token to view additional details.
