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How to buy Coinbase Wrapped Staked ETH (CBETH) in Australia

Learn how to buy Coinbase Wrapped Staked ETH (CBETH) in our step-by-step guide.

Where to buy Coinbase Wrapped Staked ETH in Australia

It looks like CBETH may not be available to purchase on an exchange in Australia.

You can still purchase CBETH by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase CBETH using a decentralised exchange.
  1. Find CBETH on a decentralised exchange and make sure Coinbase Wrapped Staked ETH can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for CBETH using an exchange like Binance. You will need to purchase enough ETH to swap for CBETH as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for CBETH on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the CBETH tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Australia.

Best Coinbase Wrapped Staked ETH wallets to store your CBETH

You can keep your CBETH on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your CBETH below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets


Supported assets


Price (USD)


Price (USD)


Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Coinbase Wrapped Staked ETH a good investment?

If you believe the price of ETH will appreciate in the future - especially in the wake of the Merge - then cbETH may be worth investing in. But here are a few factors you may want to consider before buying cbETH:

  • Purpose. cbETH is created by investors who have wrapped their staked ETH via Coinbase to hold onto a liquid derivative version of their staked ETH. If you purchase cbETH, you will not be able to stake it via Coinbase the same way you would ETH. You may be better off acquiring cbETH by staking your ETH via Coinbase and then wrapping your staked ETH as opposed to buying it directly.
  • Use case. There isn't as much of a use case for cbETH as there is for Lido Staked Ether (stETH). DeFi apps such as Curve Finance allow you to stake your stETH - the asset you receive in exchange for staking on Lido Finance - but not your cbETH. As more crypto platforms allow you to use cbETH on them, the use case of the asset will increase.
  • Arbitrage/risk. You might want to buy cbETH for the arbitrage opportunity. That is, there may be points where cbETH trades lower than the price of ETH and could be considered undervalued. But there is no mechanism that guarantees cbETH will keep relative parity with ETH. This creates risk in that the price of cbETH could depeg from the price of ETH.

Today's Coinbase Wrapped Staked ETH price versus ATH

Compare today's price of Coinbase Wrapped Staked ETH ($3224.26 USD) against its all-time-high price of $4335.7 USD on 12 March 2024. The closer the bar is to 100%, the closer CBETH is to reaching its ATH again.

Coinbase Wrapped Staked ETH's price: $3224.26 USD
ATH date: March 12, 2024

Coinbase Wrapped Staked ETH ATH: $4335.7 USD

How to trade, convert or sell Coinbase Wrapped Staked ETH

You can convert or sell your CBETH with the same exchange you bought it through:
  1. Sign in to the exchange you have CBETH on.
  2. If you store your Coinbase Wrapped Staked ETH in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of CBETH you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Coinbase Wrapped Staked ETH.
  6. Complete your transaction and move your CBETH to a crypto wallet for storage.

How to buy other cryptos

Disclaimer: Cryptocurrencies, including Coinbase Wrapped Staked ETH, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of CBETH is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Coinbase Wrapped Staked ETH or any other cryptocurrency discussed.

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