How to Convert Wrapped SOL to SOL

How to Convert Wrapped SOL to SOL

Fact Checked
January 14, 2023
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A guide to converting your Wrapped Solana to Solana on the SOL network. Get started in minutes with any Solana compatible wallet.

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How to Convert Wrapped SOL to SOL

The easiest way to convert Wrapped SOL to SOL is with Phantom Wallet on the Solana network. If you have Wrapped SOL on your Phantom Wallet, you can simply follow these 3 steps to unwrap it:

  1. Click on your Phantom Wallet extension and click on the Wrapped SOL token in your asset list.
  2. Then click the "..." button to show more options.
  3. Select the "Unwrap all" button to convert your Wrapped SOL to SOL.
  4. You will then receive normal Solana (SOL) tokens in your Phantom wallet.
How to Convert Wrapped SOL to SOL
Unwrapping WSOL to SOL on Phantom Wallet.

What are the Fees to Unwrap Solana (SOL) tokens?

The fees charged to wrap and unwrap your Solana tokens are less than a fraction of a cent thanks to the high throughput of the Solana blockchain. This is compared to Ethereum, which charges roughly $10USD to go from ETH to WETH or vice versa.

Wrapped SOL to SOL Conversion Rate

The chart below is the live conversion rate of Wrapped SOL to SOL in US Dollars.

What are Wrapped SOL Tokens on Solana?

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.

Final Thoughts

The easiest way to convert wrapped SOL tokens to SOL on the Solana network is with Phantom Wallet. With a few clicks, you can easily and quickly convert your WSL tokens to SOL without any fees or long waiting times. If you’re looking to access the Solana blockchain, this is the quickest and most efficient way to do it.

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

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