Buying guideUpdated on How to Buy Coinbase Wrapped Staked ETH (CBETH): Step-by-Step Guide
To buy Coinbase Wrapped Staked ETH on Picnic, you create an account, add funds with Pix and convert your balance into CBETH in the app. The quote and the fees are shown on screen before you confirm, and the asset stays in a wallet you control.
- Fund with Pix
- Self-custody with a passkey
- Fees shown before you confirm
How much CBETH can you buy?
You don't have to buy a whole unit. Here is what each amount is worth at today's reference price, before fees.
- With $100.0047672CBETH
- With $500.023836CBETH
- With $1000.047672CBETH
- With $5000.23836CBETH
How to buy Coinbase Wrapped Staked ETH on Picnic, step by step
Four steps, from signing up to CBETH in your wallet.
Create your account
Download the app or open it in your browser. Your wallet is created at sign-up and protected by your device's biometrics (a passkey), with no seed phrase to write down.
Add funds with Pix
Top up in Brazilian reais with Pix, straight from the app. The balance shows up in a few minutes.
Search for Coinbase Wrapped Staked ETH
In the investments tab, look for Coinbase Wrapped Staked ETH or CBETH and enter how much you want to buy.
Review and confirm
Check the quote and the fees shown on screen, then confirm. Your CBETH balance appears in your wallet, under your control.
What is Coinbase Wrapped Staked ETH?
Coinbase Wrapped Staked ETH (cbETH) is a token representing staked Ethereum on the blockchain. It allows users to earn staking rewards without lockups and can be traded or used in various decentralized finance applications. cbETH is backed 1:1 by staked ETH, with its conversion rate changing over time due to earned rewards. Users can wrap, unwrap, trade, and move cbETH to personal wallets, offering flexibility and control. While rewards are earned on the underlying staked ETH, standard fees apply for transactions. cbETH is available for purchase on the Picnic platform, among other cryptocurrencies.
Coinbase Wrapped Staked ETH (cbETH) is a utility token representing staked Ethereum on the blockchain. This token allows users to earn staking rewards without the typical lockups associated with staking ETH. When you wrap your staked ETH, you receive cbETH, which is backed 1:1 by the staked ETH. The conversion rate between ETH and cbETH changes over time due to the rewards earned on the underlying staked ETH. cbETH offers versatility in its usage. It can be traded on various exchanges, used in DeFi applications such as lending pools and yield aggregators, and moved to personal wallets for greater control. Users can also unwrap their cbETH to retrieve the underlying staked ETH at any time, providing liquidity and flexibility. Rewards are earned on the underlying staked ETH and passed to users, with the rewards rate determined by the Ethereum protocol. The price of cbETH reflects the price of the underlying staked ETH plus any accrued rewards. These tokens can be stored in various wallets and viewed using block explorers. It's important to note that while wrapping and unwrapping staked ETH may not be considered a taxable event, selling cbETH is viewed as a standard crypto sell, which is taxable. If you're interested in acquiring cbETH, you can do so through the Picnic platform, which offers this along with many other cryptocurrencies.
Why buy Coinbase Wrapped Staked ETH on Picnic?
You stay in control
The wallet is yours, in self-custody, created at sign-up and protected by a passkey. Picnic is not an exchange: your assets stay under your control.
Fund with Pix
Add Brazilian reais and buy CBETH in minutes, with no international wire.
Fees on screen
The quote and the fees are shown before you confirm the purchase, with no surprises.
Buy it, then spend it
The same account comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF.
Frequently asked questions
Does Picnic charge fees to buy Coinbase Wrapped Staked ETH?
Fees depend on the network used to buy CBETH. On some networks the transaction is free, and on the others the fee is always shown on screen before you confirm. No hidden costs: what you see is what you pay.
Is it safe to buy Coinbase Wrapped Staked ETH on Picnic?
On Picnic your wallet is in self-custody: you keep control of your assets without relying on an intermediary exchange. Picnic has operated globally since 2021, and the infrastructure behind the product was recognized with a grant from the Ethereum Foundation. As with any digital asset, the price of CBETH can move, so invest thoughtfully.
Can I buy just a fraction of CBETH?
Yes. You choose the amount to spend and receive the matching quantity of CBETH, even if it is a fraction of one unit.
Do I need to understand crypto to buy Coinbase Wrapped Staked ETH?
No. Picnic is built to be simple even for beginners: fund with Pix, search for Coinbase Wrapped Staked ETH and confirm in a few taps. Your wallet is created automatically and the technical side stays behind the scenes.
How long until CBETH reaches my wallet?
After you add funds with Pix and confirm the purchase, your CBETH balance usually shows up in your wallet within a few minutes. Exact timing can vary by network.
Can I spend my balance after buying?
Yes. The same account that holds your assets comes with an international Visa card, accepted in 180+ countries, with no annual fee and no IOF. So you can spend your balance day to day, at home or abroad.
Can I buy other assets besides Coinbase Wrapped Staked ETH?
Yes. Picnic lists more than 3,000 digital assets. Just search for the one you want and follow the same steps, all in one account.
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Ready to buy Coinbase Wrapped Staked ETH?
Create your account, fund with Pix and have CBETH in your wallet in minutes.
Buy Coinbase Wrapped Staked ETHThis content is for information only and is not investment advice. Digital assets are volatile and you may lose part of the amount invested.