Other wrapped versions of ETH exist across major blockchains, which increases ETH’s interoperability. Using wrapped ETH on the BNB Smart Chain (BSC), for example, allows you to trade or use WETH within the BSC DeFi ecosystem. To do this, you’ll need to withdraw ETH from Binance or another exchange into your BSC wallet. Make sure that your exchange supports the conversion from ETH to WETH before making the withdrawal.
Alternatively, you can use a bridging service. These are third-party DApps that take crypto and store it on the origin blockchain, and then mint wrapped tokens at a 1:1 ratio on the destination blockchain.
Bridging tokens often works fine, but note that moving tokens across blockchains may involve risks. There were cases where some bridges had their smart contracts compromised. If you want to bridge wrapped Bitcoin, wrapped Ethereum, or another token, carefully research the platform you use before using their bridging services.