Could you please elaborate on the process of unwrapping cbETH on Coinbase? I'm a bit unfamiliar with the concept and would appreciate a step-by-step guide. As I understand, cbETH is a wrapped version of Ethereum, specifically designed for trading on Coinbase's platform. But how do I convert it back to its original, unwrapped form? Is there a specific function or tool within Coinbase that facilitates this process? Additionally, are there any fees or limitations associated with unwrapping cbETH? Your insights would be greatly appreciated.
6 answers
Chiara
Fri Jun 28 2024
Carefully input the amount and proceed to the next step by selecting the Preview button.
Riccardo
Fri Jun 28 2024
The Preview screen will display a summary of your order, including the amount of cbETH to unwrap and any associated fees.
CryptoTitan
Fri Jun 28 2024
To unwrap cbETH for Staked ETH, initiate the process by selecting the unwrap option.
MountFujiView
Fri Jun 28 2024
Thoroughly review the order details to ensure accuracy. This step is crucial to avoid any mistakes or unnecessary expenses.
Maria
Fri Jun 28 2024
Once you have confirmed the order details, proceed by selecting the "Unwrap Now" button.