Convert AVAX to WAVAX on Avalanche

Convert AVAX to WAVAX on Avalanche

Many applications on the Avalanche Network require users to have Wrapped Avalance (WAVAX), instead of Avalanche (AVAX). An example of this is AVAX NFT platforms like NFTrade which requires you to buy NFTs in WAVAX instead of AVAX.

This guide will outline the safest way to convert your WAVAX to AVAX, or AVAX to WAVAX on the Avalanche C Chain.

Table of Contents

Platform Highlights

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Audited Proof of Reserves
Audited Proof of Reserves

How to convert WAVAX to AVAX

The easiest way to convert between AVAX and WAVAX is with Avalanche's largest DEX Trader Joe. Their platform lets you swap between AVAX and WAVAX for less than a fraction of $0.001.

You can get started with this simple guide:

  1. Visit Trader Joe and connect your Web 3 wallet.
  2. Select the 'Trade' tab in the navigation menu.
  3. Select WAVAX and AVAX as the two tokens you want to swap between.
  4. Input the amount and execute the transaction.
Convert WAVAX to AVAX on Trader Joe
Swapping 1.39 WAVAX for 1.39 AVAX on Trader Joe.

WAVAX to AVAX Conversion Fees

You will pay zero slippage when swapping between WAVAX to AVAX. This means if you want to swap 50 WAVAX to AVAX, you will receive 50 AVAX and no less. The only fee you will need to pay is the on-chain transaction fees, which are less than one cent.

How to Wrap AVAX on Avalanche

You can wrap AVAX on Trader Joe by switching the tokens on the image above the other way around. This means you need to visit the Trader Joe DEX, or an alternative like Pangolin and swap AVAX for WAVAX on either platform.

WAVAX to AVAX Conversion Rate

The WAVAX to AVAX conversion rate will always be 1:1. This means that if you swap 10 WAVAX to AVAX, or 10 AVAX to WAVAX, you will always get the equal amount in return.

Final Thoughts

Swapping WAVAX to AVAX, or AVAX to WAVAX is a quick and easy process. You can use Trader Joe or Pangolin DEXs to help you convert between the two tokens. Plus it only costs less than $0.001 in fees! Just make sure to always check the final values before hitting the 'trade' button as slippage can occur.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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