Top Categories

Featured

17

Beginner

25

Intermediate

9

Tokens

61

PDAX

23

Create Account
1200x628 (2).png

WETH and SHIB, now available on PDAX

PDAX Photo

PDAX

December 21, 2022

2 min read

PDAXFeatured

PDAX users now have an even wider access to the world’s top cryptocurrencies with the addition of Wrapped Ethereum (WETH) and Shiba Inu (SHIB)

With these new tokens, there are now 36 cryptocurrencies which you can trade on the PDAX mobile app and on web.pdax.ph, offering more opportunities to expand one’s crypto portfolio. Read on to learn more about each new token below:

Wrapped Ethereum (WETH) 

WETH is a “wrapped token” which is an industry term to refer to cryptocurrencies that can represent another token outside of its native blockchain. WETH for example, can represent one’s Ethereum (ETH) holdings which can be used on the Polygon blockchain, expanding its utilities to more decentralized applications (dApps) and taking advantage of faster speeds and lower gas fees–all while maintaining the market value of ETH. 

Market cap as of December 21, 2022: $325 million (on the Polygon blockchain only)

Shiba Inu (SHIB)

Contrary to popular perception, SHIB–the hugely successful dog-themed rival to Dogecoin (DOGE) also known as the “Dogecoin Killer”–is not just a “memecoin” as most people think, but has already undergone upgrades to integrate smart contract capability on its network to run its own dApps and deFi platforms. Aside from payment for network fees, SHIB can also be used to purchase its own line of non-fungible tokens (NFTs).

Market cap as of December 21, 2022: $4.96 billion. 

Networks fees and limits

For network fees and trading and withdrawal limits on each token, please refer to the tables below. Please note that WETH and SHIB are all traded with PHPT pairs and converting from PHP to PHPT and vice-versa is free. 

Networks and Fees

2TokensDec_NetworksAndTokens.png

Trade Quantities and Quantity Steps

2TokensDec_TradeQuantitiesAndSteps.png

Withdrawals limits

2TokensDec_PHPT-WithdrawalLimits.png

Trade now on PDAX

Trading with these new cryptocurrencies is quick and convenient on the PDAX mobile app and on web.pdax.ph, which offers some of the lowest entry barriers in the Philippine market. Anyone wishing to trade in crypto can simply open an account and begin trading for as low as PHP200. 

Ready to start with crypto?

Start your trading journey with PDAX.

DISCLAIMER: The statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Any and all trading involving the digital assets are subject to the user’s risk and discretion and must be done after adequate and in-depth research and analysis.

About PDAX

PDAX is a BSP-licensed exchange where you can trade Bitcoin, Ethereum, and other cryptocurrencies directly using PHP!

Explore Topics

Tokens

61

DeFi

23

Crypto Basics

14

NFTs

12

Metaverse

10

Ethereum

9

Trading

7

Bitcoin

5

Security

4

Featured Posts

You might also like

PDAX_NFT_Art-Contest-1200x628.jpg

Join the Xavier Art Fest 2023 and support art for a cause

PDAX Photo

PDAX

January 19, 2023

Navigation

PDAX Learn

Let's make crypto simpler and clearer.

PDAX Learn © 2023