Wrapped Beacon ETH (WBETH) is a liquid staking token that allows users to participate in DeFi projects while maintaining their eligibility to receive ETH Staking rewards. Here's how it is used:

1. Staking and Liquidity: Users can stake their ETH to obtain WBETH, which provides immediate liquidity and enables participation in DeFi projects.

2. Wrapping and Unwrapping: Binance users can wrap their BETH tokens to WBETH and unwrap their WBETH to BETH tokens on the Binance ETH Staking page at zero fees.

3. On-Chain Conversion: On-chain users can stake their ETH to obtain WBETH by interacting with the official smart contract provided by Binance.

4. Trading: WBETH is traded on various exchanges, including Binance, Pancakeswap V3, and Biswap V3, with trading pairs such as WBETH/ETH and WBETH/USDT.

5. Rewards Accrual: WBETH tokens accrue ETH Staking rewards daily, which can be redeemed by unwrapping WBETH to BETH tokens.

Overall, WBETH provides a flexible and liquid way for users to engage with ETH Staking and DeFi projects while maintaining control over their staked ETH.

To store Wrapped Beacon ETH (WBETH) tokens, you have two primary options:

Holding your WBETH on an exchange provides convenient access to various investment products and features, such as spot and futures trading, staking, lending, and more. The exchange will securely hold your funds, eliminating the need to manage and secure your private keys. However, it is crucial to select an exchange that implements strict security measures to ensure the safety of your crypto assets.

For enhanced security, you can withdraw your WBETH to a non-custodial wallet. This grants you complete control over your private keys. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets. Keep in mind that this option may be less convenient if you plan to trade your WBETH frequently or engage in activities that require easy access to your assets. It is essential to store your private keys securely to avoid the permanent loss of your WBETH.

To buy Wrapped Beacon ETH (WBETH) tokens, follow these steps:

1. Choose an Exchange or Wallet: Select a reliable and trustworthy centralized exchange (CEX) or crypto wallet that supports Wrapped Beacon ETH (WBETH) purchases. Consider factors such as ease of use, fee structure, and supported payment methods.

2. Create an Account: Enter the required information and set a secure password. Enable two-factor authentication (2FA) for added security.

3. Verify Your Identity: Complete Know-Your-Customer (KYC) verification, which may require providing personal information based on your nationality and region.

4. Add a Payment Method: Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.

5. Buy Wrapped Beacon ETH (WBETH): Use fiat currency or a popular cryptocurrency like USDT to purchase WBETH. Check fees and market prices before confirming your purchase.

6. Store or Use Your WBETH: Store your WBETH in your personal crypto wallet or hold it in your exchange account. You can also trade it for other cryptocurrencies or stake it for passive income.

Some popular exchanges that support Wrapped Beacon ETH (WBETH) purchases include KuCoin, Gate.io, and Binance. Additionally, you can use crypto wallets that support fiat-to-crypto purchases, such as those mentioned in the guides from Bitcompare and CoinCarp.