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Hello everyone, I bought a couple eth's a while ago on binance and was looking to transfer them to a ledger. I currently have them stacked as WBETH. Can I send them directly as WBETH to the ledger and if so will the stacking continue? (on their website is says it's supported). Or would it be smarter to convert them to another currency and buy again on the Ledger? Thanks in advance
Hello everyone, I've been staking ETH on binance for a little more than a year and half and it was converted to BETH during that time. This week I decide to unstake it as I wanted to have it available in my spot wallet if I wanted to sell ETH. When I went into the ETH Staking section on Binance it asked me if I wanted to convert BETH to WBETH which I was not interested into as I just wanted my BETH back and convert it to ETH. I redeemed my BETH and since then I have been unable to convert them. Seems like it was obligatory to convert them to WBETH first so I could convert them to ETH on Binance platform which wasn't advertise nowhere in the message I received. Now I'm stuck with useless BETH that I can't sell and can't convert back to ETH. What can I do to convert my BETH to ETH please ? Thank you
They selling WBETH now 🤷♂️
Is worth it to convert BETH into WBETH on Binance?
How to redeem my BETH assets? ADVICE I did not follow the crypto world for the last few months and I have some BETH left on my account that I would like to redeem now, but I cannot. Do you know how to convert it into another asset that I can withdraw? I read that the new version is WBETH, so I guess I should "wrap" it first?! 1am really not sure what to do about that. Can you please explain what happened and what should I do? Many thanks
Yes the pairs for BETH have been removed, now there is only WBETH pairs. However as the other guy has said it should just be in your spot wallet
tldr; Binance's liquid staked ether (WBETH) has seen a sudden influx of $500 million, bringing its total locked value (TVL) to $1.2 billion. This surge in inflows has raised questions among crypto observers due to its irregular nature. Binance explained that these transactions were part of their plan to convert the original staked ether (BETH) tokens to WBETH. The exchange has been taking measures to boost WBETH and reduce activity with the old token. Despite the large inflows, the overall amount of staked assets through the exchange has not changed significantly. Binance is now one of the largest players on Ethereum's staking network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.