4 Ways To Convert stETH to ETH

If you have some stETH, and you’re looking to get ETH, you can trade stETH to ETH on both centralised and decentralised exchange platforms.

Here are some platforms that support both stETH and ETH, and you can actually convert between these 2 cryptocurrencies!

Here’s what you need to know.

How to convert stETH to ETH

Here are 4 ways to convert stETH to ETH:

• Gate.io
• 1inch
• Uniswap
• Curve Finance

and here is each method explained in-depth:

Gate.io

Here’s are the steps to trade stETH to ETH on Gate.io:

1. Deposit stETH into Gate.io
2. Select the stETH/ETH trading pair
3. Select the type of order you wish to make
4. Select the quantity of ETH you wish to buy

And here, each step is explained in-depth:

Deposit stETH into Gate.io

Gate.io does not allow you to use SGD to buy cryptocurrencies on their platform. As such, you will need to deposit stETH from another exchange to Gate.io.

This is because Gate.io only offers a stETH trading pair with ETH.

To do so, you will need to go to your ‘Wallet‘ tab,

and select ‘Deposit‘.

You will need to select stETH as the cryptocurrency you wish to deposit, which will bring you to this page.

You may want to note that you can only deposit stETH to Gate.io via the ERC20 network.

Here are some things you’ll need to take note of:

1. You are sending via the correct network (ERC20)
2. The deposit address is accurately copied letter by letter

If you make any mistake during this process, your crypto will be lost forever!

Select the ETH/stETH trading pair

Once you have deposited your stETH into Gate.io, you will need to select the ETH/stETH trading pair. This can be done by going to the ‘Trade‘ tab,

and then search for the ETH trading pairs.

Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Time Condition
3. Conditional Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. It is interesting to note that Gate.io does not offer any market orders.

Select the quantity of ETH you wish to buy

After you’ve selected your order, you’ll need to select the amount of ETH you wish to buy.

From the rate in the screenshot above, you can see that the exchange rate between stETH and ETH is not 1:1. As such, you may receive less ETH than the stETH you’ve traded!

Verdict

Gate.io charges you up to 0.2% in fees for buying ETH.

If you intend to withdraw your ETH, the fees can be rather high, especially if you’re using the ERC20 network:

Network	Withdrawal Fee
ERC20	0.01 ETH
BEP20	0.0024 ETH
Heco	0.004 ETH
Arbitrum	0.026 ETH
Optimism	0.002 ETH

You may notice that the cheapest way via which you can withdraw your ETH is via the Optimism network.

1inch

Here’s what you’ll need to do to trade stETH to ETH on 1inch:

1. Connect your decentralised wallet that holds stETH
2. Find the stETH/ETH trading pair on 1inch
3. Select the quantity of ETH you wish to buy

And here, each step is explained in-depth:

Connect your decentralised wallet that holds stETH

The first step is to connect your decentralised wallet to 1inch.

In this example, I will be making use of Binance Wallet as the decentralised wallet.

Once you are on 1inch, you will need to select “Connect wallet”.

You may want to note that you will need to select the Ethereum Network as well.

Find the stETH/ETH trading pair on 1inch

After connecting your decentralised wallet to 1inch, you will need to select the stETH/ETH pair.

This allows you to view the stETH/ETH pair, and you can choose to swap.

Select the quantity of ETH you wish to buy

After you’ve selected your pair, you’ll need to select the amount of ETH you wish to buy.

From the rate in the screenshot above, you can see that the exchange rate between stETH and ETH is not 1:1. As such, you may receive less ETH than the stETH you’ve traded!

Uniswap

Here’s what you’ll need to do to trade stETH to ETH on Uniswap:

1. Connect your decentralised wallet that holds stETH
2. Find the stETH/ETH trading pair on Uniswap
3. Select the quantity of ETH you wish to buy

And here, each step is explained in-depth:

Connect your decentralised wallet that holds stETH

The first step is to connect your decentralised wallet to Uniswap.

Once you are on Uniswap, you will need to select “Connect wallet”.

You may want to note that you will need to select the Ethereum Network as well.

Find the stETH/ETH trading pair on Uniswap

After connecting your decentralised wallet to Uniswap, you will need to select the stETH/ETH pair.

This allows you to view the stETH/ETH pair, and you can choose to swap.

Select the quantity of ETH you wish to buy

After you’ve selected your pair, you’ll need to select the amount of ETH you wish to buy.

Also, you may notice that you will need to pay a gas fee for this transaction.

Curve Finance

Here’s what you’ll need to do to trade stETH to ETH on Curve Finance:

1. Connect your decentralised wallet that holds stETH
2. Find the stETH/ETH trading pair on Curve Finance
3. Select the quantity of ETH you wish to buy

And here, each step is explained in-depth:

Connect your decentralised wallet that holds stETH

The first step is to connect your decentralised wallet to Curve Finance.

Once you are on Curve Finance, you will need to select “Connect wallet”.

Find the stETH/ETH trading pair on Curve Finance

After connecting your decentralised wallet to Curve Finance, you will need to select the stETH/ETH pair.

This allows you to view the stETH/ETH pair, and you can choose to swap.

Select the quantity of ETH you wish to buy

After you’ve selected your pair, you’ll need to select the amount of ETH you wish to buy.

Also, you may notice that you will need to pay a gas fee for this transaction.

Conclusion

There are not many platforms that support the stETH/ETH trading pair.

If you are looking to swap stETH for ETH by connecting your Coinbase wallet, your best bet would be to use 1inch since they do not charge any gas fees!

Are you passionate about personal finance and want to earn some flexible income?