When staking ETH on Binance, you might see two tokens: WBETH and BETH. Both are related to ETH staking, but they're not the same thing.
First, BETH
When you stake ETH on Binance, you receive an equal amount of BETH tokens. BETH represents your share in Binance's ETH staking pool.
- Stake 1 ETH → Receive 1 BETH
- Holding BETH = Your ETH is being staked
- Staking rewards are automatically distributed to your account
What Is WBETH?
WBETH stands for Wrapped Beacon ETH — it's a "wrapped" version of BETH.
After registering on Binance and staking ETH, you'll notice:
- BETH can only be used within Binance
- WBETH can be freely transferred and used on-chain (BNB Chain, Ethereum mainnet, etc.)
Simply put, WBETH is the on-chain version of BETH, allowing your staked assets to be used in the DeFi world.
Key Differences Between BETH and WBETH
| Comparison | BETH | WBETH |
|---|---|---|
| Scope of use | Binance internal only | Internal + on-chain |
| Can withdraw | No | Yes |
| DeFi usage | No | Yes |
| Value mechanism | 1:1 correspondence to ETH quantity | Includes accumulated staking rewards |
| Holding income | Rewards distributed separately | Rewards reflected in price |
How Is WBETH's Value Calculated?
This is the most critical difference. WBETH's price does not equal ETH's price — it's slightly higher because WBETH includes accumulated staking rewards.
Formula: WBETH price = ETH price x WBETH exchange rate
The exchange rate grows continuously as staking rewards accumulate. For example:
- Initially: 1 WBETH = 1 ETH
- After one year: 1 WBETH = ~1.04 ETH (assuming 4% annual staking rewards)
- After two years: 1 WBETH = ~1.08 ETH
You don't need to do anything — WBETH's value grows automatically.
WBETH Uses
In DeFi
You can withdraw WBETH to use on-chain in DeFi protocols:
- As liquidity provision
- As collateral in lending protocols
- Trade on DEXs
This lets you earn ETH staking rewards while also generating additional yield from these assets.
Trade on Binance
WBETH has trading pairs on Binance — trade directly. If you urgently need cash, sell WBETH without waiting for stake unlocking.
Cross-platform transfer
Move WBETH to other supported platforms or wallets.
How to Get WBETH
Method 1: Automatically received when staking ETH When staking ETH on Binance, you can choose to receive WBETH.
Method 2: Convert BETH to WBETH If you already hold BETH, wrap it into WBETH within Binance.
Method 3: Buy directly Purchase WBETH on Binance's spot market.
Important Notes
- Don't compare quantities directly: 1 WBETH does not equal 1 ETH — WBETH being more expensive is normal
- Withdrawal network: When withdrawing WBETH on-chain, make sure to select the correct network
- DeFi risks: Using WBETH in DeFi carries smart contract risks
- Tax considerations: WBETH conversions and trades may have tax implications
If you don't have the app yet, download the Binance app first.
Summary
WBETH is the on-chain wrapped version of BETH. The core difference is that WBETH can be used on-chain and its value automatically includes staking rewards. If you only use Binance internally, either BETH or WBETH works. If you want to use staked assets in DeFi, choose WBETH.