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How to buy sETH (SETH)

Learn how to buy sETH (SETH) in our step-by-step guide.

sETH
SETH- USD
$1,767.60
+ $16.25 ( + 0.93%)
Buy sETH

Where to buy sETH

It looks like SETH may not be available to purchase on an exchange in the US.

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

Decentralized 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 decentralized exchanges first if you're unfamiliar.

How to purchase SETH using a decentralized exchange.
  1. Find SETH on a decentralized exchange and make sure sETH 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 SETH using an exchange like Gemini. You will need to purchase enough ETH to swap for SETH 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 SETH 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 finalize and the SETH 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 the US.

Best sETH wallets to store your SETH

You can keep your SETH 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 SETH below.
Read more

Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is sETH a good investment?

Due to the volatile and risky nature of cryptocurrencies as an asset class, it is essential to do thorough research before investing. Here are the key aspects you should be aware of before adding sETH2 to your investment portfolio:

  • Token use-case: sETH2 is not like other cryptocurrencies – it does not have an inherent price. Instead, it follows the price movement of Ethereum, although it cannot be traded in the same way. The purpose of sETH2 is for Ethereum stakers to have flexibility with their locked tokens so they can further participate in DeFi protocols like liquidity provision.
  • Accessibility: Because sETH2 is a staking token, it cannot be purchased using traditional means like a centralized exchange or a decentralized swapping protocol. If you wish to acquire sETH2, you must first purchase Ethereum and then interact with the StakeWise platform.
  • Staking: While staking is an optional method of earning passive income on other cryptocurrencies, it is required to even own sETH2. This means that potential investors should be all across and comfortable with the potential risks of staking Ethereum, such as slashing.
  • Competition: Staking Ethereum in a decentralized finance protocol is one of the most popular actions for ETH token holders. Due to this, there’s quite a few potential alternatives to StakeWise, and its worth comparing their platforms to figure out which is right for you. Lido and RocketPool are two such examples.
Read more

Today's sETH price versus ATH

Compare today's price of sETH ($1,762.91 USD) against its all-time high (ATH) price of $4,876.35 on November 10, 2021. The closer the bar is to 100%, the closer SETH is to reaching its ATH again.

Current price: $1,762.91
All time high: $4,876.35
36%
63%

Similar assets

Bitcoin

Bitcoin

$27,794.00

+$196.18 (0.71%)

Ethereum

Ethereum

$1,760.14

+$16.25 (0.93%)

Tether

Tether

$1.00

-$0.01 (-0.57%)

BNB

BNB

$327.07

+$2.77 (0.86%)

USD Coin

USD Coin

$1.00

-$0.01 (-0.57%)
  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.

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