# oXTZ

{% hint style="warning" %}
Do not send oXTZ to exchanges such as Coinbase, Kraken, Binance etc. Make sure to always exchange your oXTZ/XTZ directly through the objkt.com UI.
{% endhint %}

{% hint style="info" %}
1 oXTZ is always equal to 1 XTZ.
{% endhint %}

`oXTZ` (objkt XTZ) is a form of wrapped `XTZ` (or `tez`) the native currency of the Tezos blockchain. oXTZ is always exchangeable at a 1 to 1 ratio for XTZ. The easiest and best way to exchange `oXTZ` for `XTZ` is directly through the objkt.com UI.

### Wrapping/Unwrapping oXTZ

Click on the wallet icon to show the balances, here we see 3.00`oXTZ`.

<figure><img src="https://3156114251-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbYOVFkgo9EYVWbg3wj9H%2Fuploads%2FmJ9cUcq0610knzRBB7sd%2Fimage.png?alt=media&#x26;token=55c4f2a8-1413-4761-8b7c-f7a6aed4aefb" alt=""><figcaption></figcaption></figure>

Clicking on "Exchange" brings up a form, the up/down arrow lets you switch the direction of the conversion: `XTZ` to `oXTZ` or `oXTZ` to `XTZ`. Here we see 3.00`oXTZ` about to be unwrapped to `XTZ`, after this operation the user will have 14.97 `XTZ` and 0 `oXTZ`.

<figure><img src="https://3156114251-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbYOVFkgo9EYVWbg3wj9H%2Fuploads%2FPaveg0xjclVX5ne5ZPOl%2Fimage.png?alt=media&#x26;token=cf180cee-d7a4-4136-9845-8751caaf84eb" alt=""><figcaption></figcaption></figure>