diff --git a/CHANGELOG.md b/CHANGELOG.md
index c425d3d9aea..f9519c9c037 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -294,6 +294,7 @@ Released with 1.0.0-beta.37 code base.
 
 - Add `web3-eth2-core` package (#3743)
 - Add `web3-eth2-beaconchain` package (#3743)
+- Add `stripHexPrefix` method to `web3-utils` package (#3776)
 
 ### Changed
 
diff --git a/docs/web3-utils.rst b/docs/web3-utils.rst
index ef148d8564c..46ab23a07fb 100644
--- a/docs/web3-utils.rst
+++ b/docs/web3-utils.rst
@@ -666,6 +666,41 @@ Example
     web3.utils.toHex('I have 100€');
     > "0x49206861766520313030e282ac"
 
+------------------------------------------------------------------------------
+
+stripHexPrefix
+=====================
+
+.. code-block:: javascript
+    web3.utils.stripHexPrefix(str)
+Returns provided string without 0x prefix.
+
+----------
+Parameters
+----------
+
+1. ``str`` - ``string``:  Input string
+
+-------
+Returns
+-------
+
+``String``: The input string without 0x prefix.
+
+-------
+Example
+-------
+
+.. code-block:: javascript
+
+    web3.utils.stripHexPrefix('234');
+    > "234"
+
+    web3.utils.stripHexPrefix('0x234');
+    > "234"
+
+    web3.utils.stripHexPrefix(42);
+    > 42
 
 ------------------------------------------------------------------------------
 
diff --git a/packages/web3-utils/src/index.js b/packages/web3-utils/src/index.js
index 0c30545723a..fb26c6e1187 100644
--- a/packages/web3-utils/src/index.js
+++ b/packages/web3-utils/src/index.js
@@ -411,6 +411,7 @@ module.exports = {
     hexToUtf8: utils.hexToUtf8,
     hexToString: utils.hexToUtf8,
     toUtf8: utils.hexToUtf8,
+    stripHexPrefix: utils.stripHexPrefix,
 
     utf8ToHex: utils.utf8ToHex,
     stringToHex: utils.utf8ToHex,
diff --git a/packages/web3-utils/src/utils.js b/packages/web3-utils/src/utils.js
index 3cc225d47cf..63afa1c7dee 100644
--- a/packages/web3-utils/src/utils.js
+++ b/packages/web3-utils/src/utils.js
@@ -388,6 +388,18 @@ var isHex = function (hex) {
     return ((_.isString(hex) || _.isNumber(hex)) && /^(-0x|0x)?[0-9a-f]*$/i.test(hex));
 };
 
+/**
+ * Remove 0x prefix from string
+ *
+ * @method stripHexPrefix
+ * @param {String} str to be checked
+ * @returns {String}
+ */
+var stripHexPrefix = function (str) {
+    if (str !== 0 && isHex(str))
+        return str.replace(/^(-)?0x/i, '$1')
+    return str;
+};
 
 /**
  * Returns true if given string is a valid Ethereum block header bloom.
@@ -534,6 +546,7 @@ module.exports = {
     bytesToHex: bytesToHex,
     isHex: isHex,
     isHexStrict: isHexStrict,
+    stripHexPrefix: stripHexPrefix,
     leftPad: leftPad,
     rightPad: rightPad,
     toTwosComplement: toTwosComplement,
diff --git a/test/utils.stripHexPrefix.js b/test/utils.stripHexPrefix.js
new file mode 100644
index 00000000000..0636daaaede
--- /dev/null
+++ b/test/utils.stripHexPrefix.js
@@ -0,0 +1,53 @@
+var chai = require('chai');
+var utils = require('../packages/web3-utils');
+
+var BigNumber = require('bignumber.js');
+var BN = require('bn.js');
+
+var assert = chai.assert;
+
+var tests = [
+    { value: '1', expected: '1' },
+    { value: '0x1', expected: '1'},
+    { value: '0xf', expected: 'f'},
+    { value: '-1', expected: '-1'},
+    { value: '-0x1', expected: '-1'},
+    { value: '-15', expected: '-15'},
+    { value: '-0xf', expected: '-f'},
+    { value: '0x657468657265756d', expected: '657468657265756d'},
+    { value: '0xfffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffd', expected: 'fffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffd'},
+    { value: '-0xffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff', expected: '-ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff'},
+    { value: '-0xfffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffd', expected: '-fffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffd'},
+    { value: 0, expected: 0},
+    { value: '0', expected: '0'},
+    { value: '0x0', expected: '0'},
+    { value: -0, expected: -0},
+    { value: '-0', expected: '-0'},
+    { value: '-0x0', expected: '-0'},
+    { value: [1,2,3,{test: 'data'}], expected: [1,2,3,{test: 'data'}]},
+    { value: {test: 'test'}, expected: {test: 'test'}},
+    { value: '{"test": "test"}', expected: '{"test": "test"}'},
+    { value: 'myString', expected: 'myString'},
+    { value: 'myString 34534!', expected: 'myString 34534!'},
+    { value: new BN(15), expected: new BN(15)},
+    { value: new BigNumber(15), expected: new BigNumber(15)},
+    { value: 'Heeäööä👅D34ɝɣ24Єͽ-.,äü+#/', expected: 'Heeäööä👅D34ɝɣ24Єͽ-.,äü+#/'},
+    { value: true, expected: true},
+    { value: false, expected: false},
+    { value: 'ff\u0003\u0000\u0000\u00005èÆÕL]\u0012|Î¾ž\u001a7«›\u00052\u0011(ЗY\n<\u0010\u0000\u0000\u0000\u0000\u0000\u0000e!ßd/ñõì\f:z¦Î¦±ç·÷Í¢Ëß\u00076*…\bŽ—ñžùC1ÉUÀé2\u001aӆBŒ',
+      expected: 'ff\u0003\u0000\u0000\u00005èÆÕL]\u0012|Î¾ž\u001a7«›\u00052\u0011(ЗY\n<\u0010\u0000\u0000\u0000\u0000\u0000\u0000e!ßd/ñõì\f:z¦Î¦±ç·÷Í¢Ëß\u00076*…\bŽ—ñžùC1ÉUÀé2\u001aӆBŒ'},
+    { value: '\u0003\u0000\u0000\u00005èÆÕL]\u0012|Î¾ž\u001a7«›\u00052\u0011(ЗY\n<\u0010\u0000\u0000\u0000\u0000\u0000\u0000e!ßd/ñõì\f:z¦Î¦±ç·÷Í¢Ëß\u00076*…\bŽ—ñžùC1ÉUÀé2\u001aӆBŒ',
+      expected: '\u0003\u0000\u0000\u00005èÆÕL]\u0012|Î¾ž\u001a7«›\u00052\u0011(ЗY\n<\u0010\u0000\u0000\u0000\u0000\u0000\u0000e!ßd/ñõì\f:z¦Î¦±ç·÷Í¢Ëß\u00076*…\bŽ—ñžùC1ÉUÀé2\u001aӆBŒ'},
+    { value: '내가 제일 잘 나가', expected: '내가 제일 잘 나가'},
+    { value: Buffer.from('100'), expected: Buffer.from('100')}
+];
+
+describe('lib/utils/utils', function () {
+    describe('stripHexPrefix', function () {
+        tests.forEach(function (test) {
+            it('should turn ' + test.value + ' to ' + test.expected, function () {
+                assert.deepEqual(utils.stripHexPrefix(test.value), test.expected);
+            });
+        });
+    });
+});
diff --git a/test/utils_methods.js b/test/utils_methods.js
index 038cd24646a..4fb8c676c67 100644
--- a/test/utils_methods.js
+++ b/test/utils_methods.js
@@ -14,5 +14,6 @@ describe('utils', function() {
         u.methodExists(utils, 'isAddress');
         u.methodExists(utils, 'soliditySha3');
         u.methodExists(utils, 'encodePacked');
+        u.methodExists(utils, 'stripHexPrefix');
     });
 });