diff --git a/pkg/object/id.go b/pkg/object/id.go
index 4eefbf5a..1fcb5958 100644
--- a/pkg/object/id.go
+++ b/pkg/object/id.go
@@ -4,12 +4,19 @@ import (
 	"bytes"
 	"crypto/sha256"
 
+	"github.com/mr-tron/base58"
+	"github.com/nspcc-dev/neofs-api-go/internal"
 	"github.com/nspcc-dev/neofs-api-go/v2/refs"
+	"github.com/pkg/errors"
 )
 
 // ID represents v2-compatible object identifier.
 type ID refs.ObjectID
 
+// ErrBadID should be returned when bytes slice hasn't sha256.Size
+// Notice: if byte slice changed, please, replace error message.
+const ErrBadID = internal.Error("object.ID should be 32 bytes length")
+
 // NewIDFromV2 wraps v2 ObjectID message to ID.
 func NewIDFromV2(idV2 *refs.ObjectID) *ID {
 	return (*ID)(idV2)
@@ -39,3 +46,22 @@ func (id *ID) Equal(id2 *ID) bool {
 func (id *ID) ToV2() *refs.ObjectID {
 	return (*refs.ObjectID)(id)
 }
+
+// Parse converts base58 string representation into ID.
+func (id *ID) Parse(s string) error {
+	data, err := base58.Decode(s)
+	if err != nil {
+		return errors.Wrap(err, "could not parse object.ID from string")
+	} else if len(data) != sha256.Size {
+		return ErrBadID
+	}
+
+	(*refs.ObjectID)(id).SetValue(data)
+
+	return nil
+}
+
+// String returns base58 string representation of ID.
+func (id *ID) String() string {
+	return base58.Encode((*refs.ObjectID)(id).GetValue())
+}
diff --git a/pkg/object/id_test.go b/pkg/object/id_test.go
index 373fa01d..e56ff960 100644
--- a/pkg/object/id_test.go
+++ b/pkg/object/id_test.go
@@ -3,8 +3,10 @@ package object
 import (
 	"crypto/rand"
 	"crypto/sha256"
+	"strconv"
 	"testing"
 
+	"github.com/mr-tron/base58"
 	"github.com/stretchr/testify/require"
 )
 
@@ -38,3 +40,46 @@ func TestID_Equal(t *testing.T) {
 	require.True(t, id1.Equal(id2))
 	require.False(t, id1.Equal(id3))
 }
+
+func TestID_Parse(t *testing.T) {
+	t.Run("should parse successful", func(t *testing.T) {
+		for i := 0; i < 10; i++ {
+			t.Run(strconv.Itoa(i), func(t *testing.T) {
+				cs := randSHA256Checksum(t)
+				str := base58.Encode(cs[:])
+				oid := NewID()
+
+				require.NoError(t, oid.Parse(str))
+				require.Equal(t, cs[:], oid.ToV2().GetValue())
+			})
+		}
+	})
+
+	t.Run("should failure on parse", func(t *testing.T) {
+		for i := 0; i < 10; i++ {
+			j := i
+			t.Run(strconv.Itoa(j), func(t *testing.T) {
+				cs := []byte{1, 2, 3, 4, 5, byte(j)}
+				str := base58.Encode(cs)
+				oid := NewID()
+
+				require.EqualError(t, oid.Parse(str), ErrBadID.Error())
+			})
+		}
+	})
+}
+
+func TestID_String(t *testing.T) {
+	t.Run("should be equal", func(t *testing.T) {
+		for i := 0; i < 10; i++ {
+			t.Run(strconv.Itoa(i), func(t *testing.T) {
+				cs := randSHA256Checksum(t)
+				str := base58.Encode(cs[:])
+				oid := NewID()
+
+				require.NoError(t, oid.Parse(str))
+				require.Equal(t, str, oid.String())
+			})
+		}
+	})
+}