What's Ethereum (ETH) and Wrapped Ethereum (wETH)?
ETH (Ethereum) is the native token of the Ethereum blockchain. It can be bought, sold, and traded on exchanges just like any other cryptocurrency.
wETH (“wrapped ETH”) allows ETH to be utilized on other blockchains that do not support ETH. Any token that's "wrapped" is turned in to a non-native token. That's why wETH is compatible across blockchains.
How to purchase Ethereum (ETH)
Note: Before you can purchase Ethereum (ETH), you need a crypto wallet. Follow these guides if you'd like to find out how to create a crypto wallet: What is a wallet? & What crypto wallets can I use with Rarible?
Most wallet providers (such as, MetaMask) allow you to purchase Ethereum directly from their wallet. Ethereum can also be purchased directly through Rarible.com. Alternatively, you can buy ETH through various exchanges such as, Binance.
Buying ETH From Your Wallet Provider (example, MetaMask):
1. Go on to your wallet provider.
2. In your Ethereum wallet, select the "Buy" option.
3. Once you've been reverted to the new browser, decide which payment method you'd like to use to purchase ETH.
4. After you've made the payment, you'll have more ETH in your Ethereum wallet.
Buying ETH on Rarible.com:
1. Once you're logged in to Rarible, click on your profile.
2. Select the "Buy ETH" button.
3. You'll be converted to MoonPay where you can then buy your ETH.
4. Now that you have ETH in your wallet, you can begin trading on Rarible.com.
Buying ETH Through an Exchange:
1. Go on to your crypto exchange of choice (for example, Binance) and create an account or log in.
2. Select to deposit funds or fund your assets.
3. Choose Ethereum as the token you'd like to purchase.
4. Choose which payment option you'd like to buy ETH with and then click on "Buy ETH."
5. Once you've completed your purchase, you'll have ETH.
Converting ETH to wETH (or wETH to ETH)
You can convert ETH to wETH (and vice versa) directly on Rarible.com.
1. Once you're logged in to Rarible, click on your profile.
2. Click on "Convert wETH."
3. Enter the amount you want to convert and then click on “Deposit."
Note: You'll need ETH in your account to convert it to wETH.
4. Sign the transaction in your wallet.
5. Once the transaction has been processed, it'll be confirmed and you'll have wETH so you can trade across different blockchains.