# Transfers and Gateways
Waves.Exchange allows you to hold and transfer external currencies on its blockchain. This works through an established centralized Coinomat and Waves.Exchange gateways: Bitcoins or any supported gateway coins are sent to a user's personal Waves address via standard transfer and after the depositing user receives Waves based tokens (wBTC) issued in the Waves blockchain. Every single gateway tokens are backed 1:1 with the real external coins.
At the moment, there are gateways for Bitcoin, Litecoin, ZCash, Bitcoin Cash, Dash, Monero, Bitcoin SV managed by the Coinonmat gateway and Ethereum, WEST, Ergo, Bancor managed by the Waves.Exchange gateway.