Arbitrum (ARB) is the ethereum-ecosystem related token that has been embraced by crypto enthusiasts and investors since its launch. It is currently ranked number 41 based on market capitalization on CoinMarketCap, with a market capitalization of 3125531924 recorded at the time of writing. ARB has been gaining momentum alongside the flourishing cryptocurrency market this year. More and more people are becoming interested in Arbitrum. They wish to invest or purchase Arbitrum (ARB), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Arbitrum. Regardless of your location, Bitrue can provide you with a simple and secure way to buy ARB.
Where and how to buy Arbitrum
When it comes to purchasing Arbitrum (ARB), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Arbitrum in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased ARB will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Arbitrum (ARB) through Bitrue.
How to keep your Arbitrum safe and secure
Once you have purchased Arbitrum, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Arbitrum and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.
If you are highly familiar with operating on-chain Arbitrum wallets, you also have the option to store Arbitrum (ARB) separately in a personal encrypted wallet. This wallet serves to keep your Arbitrum secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your Arbitrum, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your Arbitrum encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
FAQ About Buy Crypto
What is Arbitrum?
Arbitrum (ARB) is a cryptocurrency launched in 2023and operates on the Arbitrum platform. Arbitrum has a current supply of 10,000,000,000 with 1,275,000,000 in circulation. The last known price of Arbitrum is 1.24757004 USD and is down -14.56 over the last 24 hours. It is currently trading on 125 active market(s) with $2,269,624,134.22 traded over the last 24 hours. More information can be found at https://arbitrum.foundation.
How many Arbitrum are there in total?
The total supply of Arbitrum is 10,000,000,000 and the Circulating Supply is 4,210,111,968 .
Why are people buying Arbitrum?
People buy Arbitrum for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Arbitrum serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Arbitrum include investment, risk diversification, and trust in new digital assets.
Where is the preferred place to buy Arbitrum?
Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase ARB.
Should I buy Arbitrum?
Deciding whether to buy Arbitrum depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Arbitrum investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Arbitrum (ARB) may be a suitable investment choice. However, remember that all investments come with risks.
Can I use cash to buy Arbitrum?
Generally, buying Arbitrum digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
How much does it cost to buy 10 ARB?
To purchase 10 ARB, the cost in USD would be $8.028.
What are the fees for buying Arbitrum?
Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies
here.
How to use Apple Pay to buy ARB?
Currently, Bitrue does not support purchasing ARB or adding fiat currency using Apple Pay.
How to use Google Pay to buy ARB?
Currently, Bitrue does not support purchasing ARB or adding fiat currency using Google Pay.
How to use Paypal to buy ARB?
Currently, Bitrue does not support purchasing ARB or adding fiat currency using Paypal.
What can I do with Arbitrum?
You can use Arbitrum to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
How to sell my Arbitrum?
If your Bitrue wallet does not hold Arbitrum, you need to deposit ARB into your Bitrue account. If you already have ARB, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of ARB you want to sell, select the selling price, confirm the sell order, and once your ARB is successfully sold, you can withdraw funds to your set bank account or other payment methods.
Can I purchase Arbitrum (ARB) worth 1 US dollar?
In theory, Arbitrum (ARB) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for ARB is 10 US dollars.