How To Convert Wrapped SOL To SOL on Solana – Best method of 2022

Rate this post


In this article, we will provide you with a complete and latest guide on how to convert wrapped SOL To SOL on Solana. If you find this article informative and helpful then please give us 5 stars from the top right corner and share it as well. Let’s start…..

The basic requirement for conversion is any Solana-compatible wallet.

How to convert wrapped SOL To SOL

unwrapped SOL To SOL
unwrapped SOL To SOL

As per our honest recommendation, use the Phantom wallet on the Solana network to convert wrapped SOL to SOL. Please follow the 3 steps given below if you are holding any wrapped SOL in your phantom wallet to make this conversion successful.

Firstly, sign in to your Phantom wallet, then select the wrapped SOL token from your asset list ( Asset list means tokens you are holding).

Secondly, click on the menu button to explore more available options. (Menu button looks like “…”).

Finally, click on the “unwrap all” option. Boom, you have successfully converted your wrapped SOL to SOL (Solana).

Fees to Unwrap Solana (SOL) tokens

Fees to unwrap Solana tokens are less than 1c. Thanks to the Solana blockchain, that’s why Solana is known as an Ethereum killer. On the other hand, on the ETH network if we need to Unwrap ETH or vice versa it can cost a minimum of $10 and up to $50 due to high gas fees.

What has wrapped sol?

The Solana blockchain uses a native token called SOL to fuel transactions on the network. In order to promote wider adoption and use of the Solana blockchain, the team behind Solana created Wrapped SOL (WSL). WSL is an ERC20 token that is backed 1:1 by SOL tokens held in a secure multisig wallet. This means that every WSL token in circulation is backed by a corresponding SOL token on the Solana blockchain.

WSL tokens can be used in any Ethereum-compatible wallet, making it much easier for users of the Ethereum network to access and use the Solana blockchain. In addition, WSL tokens can be traded on any Ethereum

Conclusion

In the above post, we discussed how to convert wrapped SOL To SOL, What is wrapped SOL and how much is fees to convert wrapped SOL to SOL. We hope you liked the method provided if you like it please do share it. If you do investments in crypto then we highly insist you visit other pages of our website as we publish content related to crypto, stock market, and investing.

SEE ALSO:   Voyager Digital Set to Offload Remaining Assets, VGX Crypto Soars

Frequently Asked Questions?

How is a sol wrap converted to Sol?

Users of the Coin98 Super App can now unwrap wSOL back to SOL on the wallet. First, access your wallets. Step 2: Click the Unwrap button after selecting wSOL from the home screen. Step 3: Select Done when prompted by the indication that the procedure has been completed.

How should Solana be unwrapped?

How can I open a Wrapped SOL package? In your wallet, click the Wrapped SOL token. In the asset detail view’s upper right corner, click the “…” symbol. Choose “Unwrap All”

Is Solana the same when it’s wrapped?

The wrapped Solana coin may be bridged back to the standard Solana token and serves as a representation of Solana on the Ethereum Blockchain.

Can you send Coinbase packaged Sol?

Coinbase does not support wrapped Solana.

Rate this post

Leave a Reply

Your email address will not be published. Required fields are marked *