Wrapped BNB (WBNB)
Loading...
Loading...
About WBNB
Wrapped BNB (WBNB) is a tokenized version of BNB Coin that adheres to the BEP-20 token standard, making it compatible with various DeFi protocols within the BNB Smart Chain (BSC) ecosystem. While BNB is the native token of BNB Smart Chain and does not conform to the BEP-20 standard, WBNB enables seamless integration with decentralized applications (dApps) and decentralized exchanges (DEXs) on BSC. This wrapping process allows users to utilize BNB's value within the BSC network, facilitating broader interoperability and functionality. BNB Chain is a leading community-driven blockchain ecosystem renowned for its powerful platform that supports the development of decentralized applications (dApps) and innovative projects. As an EVM-compatible chain, it boasts exceptional Layer-1 and Layer-2 scaling solutions, consistently processing the highest peak transactions with low fees, making it one of the most efficient blockchains available. Its vast user base facilitates a vibrant marketplace of digital assets.
Convert Fiat to Wrapped BNB
News
US Dollar Faces Historic Stress Test as BIS Issues Dire Warning on Global Fragility
U.S. policy upheaval is rattling global markets, weakening the dollar’s safe-haven status and accelerating fears of systemic instability, as financial trust erodes worldwide. US Policy Chaos Triggers BIS Warning: Dollar in Danger, Trust Eroding Fast Persistent economic uncertainty is reshaping…
Terra Nexus Enters Into an MoU With a Chinese Government-Owned Enterprise "Sinohydro"
This content is provided by a sponsor. PRESS RELEASE. Terra Nexus Project Management Service CO.L.L.C S.O.C (Representative: Hidetoshi Tashiro) based in Dubai, UAE, has entered into a memorandum of understanding (MoU) with Sinohydro Bureau 6 Co., Ltd. (hereinafter "Sinohydro"), a…
Ark Invest Chief Sees Major Gains for Crypto and Housing in New Mortgage Plan
Ark Invest CEO Cathie Wood says a new policy allowing crypto as mortgage collateral could transform homeownership for digital asset holders by removing a key barrier. New Mortgage Policy Could Bridge Crypto and Real Estate Worlds A proposed change in…
Coinbase Custodies 81% of $140 Billion in Crypto Assets Held by US ETFs
Eight of the top 10 bitcoin-holding public firms rely on Coinbase, which now also custodies an astounding 81% of the $140 billion in crypto assets held by ETFs. $140 Billion in US Crypto ETFs: Coinbase Custodies 81% of Total Crypto…
Financial Advisor Recommends up to 40% Crypto in Modern Portfolios
Crypto is breaking into the financial mainstream as a top advisor pushes portfolio allocations up to 40%, signaling a bold shift toward digital assets in long-term strategies. 40% Crypto Allocation Now on the Table, Says Leading Financial Advisor A dramatic…
Frequently Asked Questions about Wrapped BNB
What is Wrapped BNB (WBNB)?
Wrapped BNB (WBNB) is a token that represents BNB Coin (BNB) on the BNB Smart Chain (BSC), adhering to the BEP-20 token standard. This allows BNB to be used as a token within the BSC ecosystem, enabling compatibility with various decentralized applications and services.
How does WBNB differ from BNB?
BNB is the native token of Binance Chain and does not follow the BEP-20 standard, limiting its use within the Binance Smart Chain ecosystem. WBNB, on the other hand, is a token version of BNB, making it compatible with decentralized applications and services on BSC.
Why is wrapping BNB necessary?
Wrapping BNB into WBNB allows users to utilize BNB within the Binance Smart Chain ecosystem in new ways, enabling interactions with various decentralized applications, smart contracts, and decentralized exchanges that require BEP-20 tokens.
How can I convert BNB to WBNB?
You can convert BNB to WBNB using platforms like PancakeSwap by selecting BNB as the input token and WBNB as the output token. This process allows you to wrap your BNB into WBNB for use within the Binance Smart Chain ecosystem.
Is there a fee for converting BNB to WBNB?
Converting BNB to WBNB typically incurs minimal fees, primarily related to gas fees on the BNB Smart Chain network. The process is generally cost-effective and straightforward.
Can I unwrap WBNB back to BNB?
Yes, you can unwrap WBNB back to BNB using the same platforms that facilitate the wrapping process. This allows you to convert your WBNB back to its original BNB form when needed.
Where can I use WBNB?
WBNB can be used for trading on decentralized exchanges like PancakeSwap, liquidity provision in DeFi protocols, staking in yield farms, or collateral in lending platforms like Venus.
Is WBNB backed by BNB?
Yes, WBNB is backed 1:1 by BNB, ensuring that each WBNB token corresponds to an equivalent amount of BNB.
What wallets support WBNB?
Wallets that support BEP-20 tokens, such as Bitcoin.com Wallet, Trust Wallet and MetaMask, can be used to securely store and manage WBNB tokens.