Introduction

Waves allow you to hold and transfer Ethereum on its blockchain. This works through a so-called Multigateway approach: Ethereum sent to a user's deposit address available in the Waves wallet and after the deposit the user receives a Ethereum token (wETH) issued in the Waves blockchain. Every single Ethereum token is backed 1:1 with the real Ethereum.

Read more about What is a payment gateway?

How to receive Ethereum

Open your Waves wallet
In the Ethereum section, click on the Receive button.

The following window will appear. Before proceeding please carefully read the conditions:

Please do not deposit ETH from smart contracts! Do not deposit ERC20 tokens! Only Ethereum is allowed.

Check if your wallet or exchange uses smart-contracts to withdraw ETH. We do not accept such transactions and can’t refund them. You will lose that money.

The minimum amount of deposit is 0.001 ETH

If you will send less than 0.001 ETH, you will lose that money.

Copy the shown Ethereum address or Scan QR Code and send a payment.

Note: Processing may take up to 120 minutes.

How to send Ethereum

Open your Waves wallet,
In the Ethereum section, click on the Send button.

The following pop-up will appear.
Paste the Ethereum address you want to send to as well as the amount of Ethereum.
Please note that the gateway charges 0.001 ETH for the gateway fee as well as 0.001 Waves for the network fee. Before proceeding please carefully read the conditions.

After you have filled the form, click on the Continue button.

The following pop-up will appear.
To complete the operation, click on the Confirm or Back to repeat the process.

Note: Processing may take up to 120 minutes.

How to transfer Ethereum to another Waves account

You can send Ethereum directly to another Waves account. Just use the recipient Waves address, click on the Send and fill-in the sending form.

Note. The network fee is only 0.001 Waves (no gateway fee)

After you have completed the form, click on the Continue button.

The following pop-up will appear.
To complete the operation, click on the Send or Back to repeat the process.

How to use sponsored fee

Waves users can also use a sponsored fee to pay for outgoing transfers. Check your Portfolio, if you see there a token with % icon. So it means you can change the default Waves fee to another sponsored token.

So how to do it? Just create an outgoing transfer described above and click on the WAVES under Transaction Fee. Choose an available sponsored token and click on the Continue button.


More info

See more articles in the Transfers and Gateways chapter.

If you have troubles with our platform, please create a support ticket or write a question on our forum.

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