Buy Arbitrum: A Comprehensive Guide on How to Buy ARB – Best Exchanges & Brokers

Arbitrum, a leading platform in the Ethereum ecosystem, has gained significant attention for its scalability solutions. Since its launch, Arbitrum’s innovative technology has attracted numerous investors and developers. We’ll guide you through easy, quick, and secure ways to buy and store Arbitrum tokens. To keep it simple, we believe Coinbase is the best platform to buy Arbitrum. Why Coinbase?

The following table explains why Coinbase is the best choice for buying Arbitrum.

Buy Arbitrum on Coinbase

Arbitrum, a leading solution in the Ethereum ecosystem, offers impressive scalability and efficiency. With its growing popularity, many investors are eager to buy and store Arbitrum (ARB). We’ll show you simple, fast, and secure ways to buy and store Arbitrum. To keep things straightforward, we believe Coinbase is the best option to buy Arbitrum. Why Coinbase?

Coinbase is a licensed and regulated crypto custodian with global licenses, ensuring strict security standards and supervision by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase for the custody of Bitcoin within its Bitcoin ETFs. This highlights the level of security Coinbase provides.

While you can choose to use external wallets, Coinbase offers a highly secure environment for storing your Arbitrum. Unlike platforms that may delay withdrawals, Coinbase processes them instantly, giving you quick access to your funds.

Cost-effectiveness is another advantage. Coinbase’s fees are highly competitive at 0.15%, much lower than the industry average. For comparison, Bison, an exchange affiliated with the German stock exchange, charges 1.5% for crypto transactions.

Coinbase prioritizes security with features like two-factor authentication, which adds an extra layer of protection to your account. Additionally, Coinbase’s customer support typically responds within 24 hours (we can personally attest to their prompt and helpful responses).

The platform is also designed for ease of use, with an intuitive interface suitable for both beginners and experienced traders. With dedicated apps for Android and iOS devices, you can manage your Arbitrum portfolio and execute trades from anywhere with ease.

Coinbase is one of the most popular and user-friendly platforms to buy Arbitrum (ARB). Here’s how you can buy Arbitrum quickly, securely, and easily on Coinbase.

Step 1: Sign Up for Coinbase

To get started with Arbitrum, you first need to create a Coinbase account. Visit Coinbase.com and click “Get Started.” Enter your name, email, and a password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

For regulatory compliance, Coinbase requires you to verify your identity. You’ll need to upload a government-issued ID and provide personal information such as your address and date of birth. This process takes just a few minutes.

Step 3: Add a Payment Method

To purchase Arbitrum, you need to link a payment method. Coinbase offers several options, including:

• Bank Account: Link your bank account for lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, although fees are usually higher than bank transfers.
• PayPal: In certain countries, Coinbase also supports PayPal for deposits and withdrawals.

Step 4: Buy Arbitrum

Once your account is set up and your payment method is linked, you can buy Arbitrum!

1. On the Coinbase dashboard, navigate to the “Buy/Sell” section.
2. Select Arbitrum (ARB) from the list of available cryptocurrencies.
3. Enter the amount of Arbitrum you want to purchase, either in your local currency (e.g., USD, EUR) or ARB.
4. Choose your payment method (e.g., bank account, credit card).
5. Review the transaction details, including any fees, and click “Buy Now” to complete your purchase.

Step 5: Store Your Arbitrum Securely

After purchasing Arbitrum, it will be stored in your Coinbase wallet. For added security, it’s recommended to transfer your ARB tokens to a personal wallet (like a hardware wallet from Ledger or Trezor) rather than leaving them on Coinbase.

Benefits of Buying Arbitrum on Coinbase:

• User-Friendly Interface: Coinbase is known for its intuitive design, making it easy for both beginners and advanced users to navigate.
• High Security: Coinbase utilizes industry-standard security measures such as two-factor authentication (2FA) and insurance for funds stored in Coinbase Vault.
• Multiple Payment Options: Coinbase supports various payment methods, including bank transfers, credit cards, and PayPal.

Buy Arbitrum on Binance

Binance is one of the world’s largest and most popular cryptocurrency exchanges, known for its robust security and user-friendly platform. Recently, Binance has made it easier to purchase Arbitrum (ARB) directly using Euros (EUR) or US Dollars (USD), allowing you to buy ARB with a credit card or trade ARB using other cryptocurrencies. In this guide, we’ll walk you through both options!

Step 1: Register on Binance

Unlike many other exchanges, Binance allows you to verify your identity, which is optional but recommended. Completing the verification process increases your daily withdrawal limit to 100 BTC (or equivalent in ARB). Without verification, the daily limit is 2 BTC, but you can still use all platform features.

Step 2: Buy Arbitrum (ARB) with a Credit Card

To buy Arbitrum via credit card on Binance, follow these steps:

1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose Arbitrum (ARB) as your cryptocurrency and select your payment currency (Euro or USD).
3. Enter Your Personal Information: Fill in your details in the provided fields.
4. Verify Email and Phone Number: You will need to verify your email and phone number using a code.
5. Proceed to Payment: After verification, click “Next” to enter your credit card information.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport or other government-issued ID to verify your identity.

Important Notes Before and After Your Purchase

• Price Fluctuation: The price of Arbitrum can fluctuate based on market conditions. If the price changes by more than ±2.5%, you will need to reconfirm the transaction via email.
• Transaction Fees: Binance charges a fee of around 3.5% per transaction or USD 10, whichever is higher. This is a third-party fee via Simplex.
• Transaction Limits: The daily purchase limit is USD 20,000 per user, with a monthly limit of USD 50,000. The minimum purchase amount is USD 50.
• Track Payment Status: After completing your purchase, you can check your payment status and deposit history through Simplex.

Step 3: How to Trade Arbitrum (ARB) on Binance

If you already hold other cryptocurrencies, such as Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), you can deposit them into your Binance account and trade them for Arbitrum. Here’s how to exchange Ethereum (ETH) for Arbitrum (ARB):

1. Deposit Ethereum (ETH): If you already have Ethereum (ETH) in another wallet or exchange, send it to your Binance Ethereum wallet address. If not, you can purchase Ethereum on platforms like Litebit and send it to your Binance wallet.
2. Access the Deposit Section: Once logged in to Binance, click on “Funds” in the navigation bar and select “Deposit.”
3. Find Your Ethereum Wallet Address: In the search box, type “ETH” and select “Ethereum” to find your wallet address.
4. Exchange Ethereum for Arbitrum: After your Ethereum has arrived in your Binance account, you can trade it for Arbitrum by selecting the “Markets” tab, choosing the “ETH/ARB” pair, and placing your order.

Additional Trading Tips

• Leverage Trading: Binance also offers margin trading with leverage for advanced users, allowing you to increase your trades with higher potential rewards (but also higher risk). Make sure you fully understand leverage before using this feature.
• Security: Enable two-factor authentication (2FA) to add an extra layer of security. Binance also uses cold storage for crypto funds and provides insurance coverage in case of major losses.

Buy Arbitrum on Kraken

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. This means Kraken adheres to rigorous security protocols and is regulated by financial authorities, ensuring your assets are protected. Kraken is trusted by institutional investors, including major financial entities, for the safe custody of cryptocurrencies, which highlights the exceptional security Kraken provides.

Kraken gives you the flexibility to use external wallets, but it also offers a secure environment for storing your Arbitrum (ARB). Unlike some platforms that delay withdrawals, Kraken processes them promptly, providing you with quick access to your funds.

Kraken is known for its competitive fees. Its trading fees are structured in tiers, with the lowest fees being 0.16% for makers and 0.26% for takers, which is lower than many competitors in the market.

User security is paramount at Kraken. The platform features two-factor authentication (2FA) and advanced encryption to safeguard your account. Kraken’s customer support team is quick to respond, ensuring assistance is available when you need it.

Kraken is designed to be user-friendly, catering to both beginners and experienced traders. Its intuitive interface is complemented by mobile apps for both Android and iOS, allowing you to manage your Arbitrum portfolio and trade seamlessly on the go.

Kraken is one of the most trusted and secure platforms for buying Arbitrum (ARB). Here’s how you can buy Arbitrum securely and efficiently on Kraken.

Step 1: Sign Up for Kraken

To start purchasing Arbitrum, create an account on Kraken. Visit Kraken.com and click on “Create Account.” You will need to enter your name, email address, and create a secure password. Once completed, click “Create Account.”

Step 2: Verify Your Identity

Kraken requires identity verification to comply with financial regulations. You will need to upload a government-issued ID and provide personal details such as your address and date of birth. This process enhances your account security and typically takes a few minutes to complete.

Step 3: Add a Payment Method

To buy Arbitrum, you need to link a payment method. Kraken supports various options, including:

• Bank Account: For lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for faster purchases, though fees are typically higher than bank transfers.
• Wire Transfers: For larger purchases, Kraken supports wire transfers in several countries.

Step 4: Buy Arbitrum (ARB)

Once your account is set up and your payment method is linked, you can purchase Arbitrum!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select Arbitrum (ARB) from the list of available cryptocurrencies.
• Enter the amount of Arbitrum you want to buy, either in your local currency (e.g., USD, EUR) or ARB.
• Choose your payment method (e.g., bank account, credit card).
• Review the transaction details, including fees, and click “Buy Now” to complete your purchase.

Step 5: Store Your Arbitrum Securely

After purchasing Arbitrum, it will be stored in your Kraken wallet. For additional security, it’s recommended to transfer your ARB to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), instead of keeping it on Kraken, an online exchange.

Benefits of Buying Arbitrum on Kraken:

• User-Friendly Interface: Kraken’s intuitive design makes it easy for both beginners and experienced users to navigate.
• High Security: Kraken employs top-tier security features such as two-factor authentication (2FA) and provides insurance for funds held in its vault.
• Competitive Fees: Kraken offers low, competitive fees, making it an attractive option for both small and large transactions.
• Multiple Payment Options: Kraken supports several payment methods, including bank transfers, credit cards, and wire transfers, to cater to different user needs.

Buy Arbitrum on Kriptomat

About Kriptomat

In contrast to the well-established broker eToro, Kriptomat is a relatively young but highly trustworthy crypto exchange. On Kriptomat, you can buy over 30 cryptocurrencies directly with Euros, USD, and more, and you can also send them directly to an external wallet. It’s important to note that trading is currently limited to Europe, so investors from regions like the USA cannot use the platform.

Kriptomat focuses on providing an easy-to-use, modern interface that allows anyone to buy and trade cryptocurrencies. Because of its user-friendly design, Kriptomat is our top recommendation, especially for beginners! Regarding security, Kriptomat impresses with two licenses from the Estonian government.

One of Kriptomat’s unbeatable advantages is its fee structure. Unlike many other exchanges, Kriptomat does not charge a price premium. The purchase price is based on the spot price of Arbitrum (ARB), and Kriptomat only charges a small transaction fee. These fees are always transparently shown when placing a buy order. The deposit fees are as follows:

Set up an Arbitrum account on Kriptomat

First, it’s essential to understand that Kriptomat adheres strictly to the legal requirements of the European Union, requiring full identity verification. To buy Arbitrum on Kriptomat, you must first create an account. Visit the official website kriptomat.io and click on the orange “Register” button. A pop-up will appear asking you to provide your first and last name, an email address, and a secure password.

Kriptomat will then send a confirmation link to your email. By clicking on the link, you verify your account. Afterward, you can log in using the credentials you just created. However, the registration is not complete yet.

Before purchasing Arbitrum or using the platform’s other features, you’ll need to enter and verify your phone number. Kriptomat will send you an SMS containing a verification code that you need to input on the website. But registration is still not finished. To comply with strict EU regulations, you’ll need to fully verify your identity. To begin this process, click the relevant prompt (see the screenshot).

A new pop-up will appear where you need to enter your address (street, house number, city, country). Additionally, you’ll need to upload a photo or scan of your passport or ID card. Kriptomat offers a seamless and quick solution for this. You can continue the process easily via your smartphone. Just click on the link sent to you, and Kriptomat will guide you to complete the verification.

You can then take photos of your ID (front and back) using your smartphone and upload them immediately. The same goes for the final verification step—Kriptomat will ask you for a selfie. Allow Kriptomat to access your phone’s camera to take a selfie for verification.

If you plan to buy cryptocurrencies via SEPA bank transfer, you’ll need to add a bank account to your Kriptomat account. You can then deposit funds via SEPA and use them to buy Arbitrum (ARB) and other cryptocurrencies. For methods like Neteller, Skrill, or credit card, no bank account setup is necessary. Once you’ve completed the registration process, the following purchase limits are available to you. Unlike other exchanges, Kriptomat doesn’t have multiple verification levels since you’ve already undergone full verification.

Buy Arbitrum (ARB) on Kriptomat

Buying Arbitrum on Kriptomat is simple and intuitive. First, go to the “Buy/Sell” tab (step 1) and then select the “Buy” option (step 2). In the section that appears, you can select Arbitrum to buy.

Next, you’ll have four different payment methods to choose from (step 3). To deposit funds via SEPA bank transfer (EUR), you’ll need to add your bank account. However, the other payment methods, such as credit card, Neteller, and Skrill, allow you to purchase immediately without additional setup.

In step 4 (see screenshot), you just need to enter the amount of Arbitrum (ARB) you’d like to buy. After clicking “Buy Arbitrum,” you’ll see the transaction fees. To finalize the purchase, click “Confirm transaction.”

Kriptomat will then confirm your purchase and redirect you to your “My Wallet” section. Within a few seconds, your Arbitrum will appear in your wallet. For a more visual guide, you can also watch the video tutorial summarizing the purchase process:

Buy Arbitrum at Anycoin

Anycoin is a well-regarded cryptocurrency exchange that offers a simple and secure platform for buying and selling cryptocurrencies like Arbitrum (ARB), Bitcoin (BTC), and others. With a user-friendly interface, it is perfect for both beginners and experienced traders, providing an easy entry into the world of crypto trading while also offering advanced features for more seasoned users.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin provides a straightforward and intuitive platform that’s easy for newcomers to understand while still offering advanced tools for experienced traders.
2. Wide Selection of Cryptocurrencies: Anycoin supports numerous cryptocurrencies including Arbitrum (ARB), Bitcoin (BTC), Ethereum (ETH), and more, giving you the ability to diversify your crypto portfolio.
3. High Security Standards: The platform prioritizes security with features like two-factor authentication (2FA) and SSL encryption, ensuring that your crypto assets remain safe from unauthorized access.
4. Low Fees: Anycoin offers competitive trading fees, which makes it an attractive choice for those looking to minimize the costs associated with crypto transactions.
5. Multiple Payment Methods: You can purchase cryptocurrencies via various methods such as bank transfers, credit cards, and even PayPal, depending on your location.
6. Fast Transactions: Anycoin processes transactions promptly, providing users with quick access to their purchased assets and allowing for fast actions in the volatile crypto market.
7. Support for Wallets: While Anycoin offers a wallet for storing your cryptocurrencies, it’s always recommended to use a personal wallet (such as a hardware wallet) for added security.
8. Dedicated Customer Support: Anycoin provides reliable customer support to assist you with any issues or questions that may arise during your experience on the platform.
9. Mobile Apps: Anycoin offers apps for both Android and iOS, allowing you to manage your cryptocurrency portfolio and trade on the go.

How to Buy Arbitrum (ARB) on Anycoin:

1. Create an Account: Visit the Anycoin website and click on “Sign Up.” Enter your name, email address, and create a secure password. After registering, check your email to confirm your account.
2. Verify Your Identity: Anycoin will ask you to complete identity verification to comply with regulations. This process typically involves submitting a government-issued ID and providing personal details.
3. Link a Payment Method: To purchase Arbitrum, link a payment method to your account. Anycoin supports various options like bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select Arbitrum (ARB), and enter the amount you’d like to buy. Review the transaction details and fees, then confirm your purchase.
5. Store Your Arbitrum Securely: After purchasing Arbitrum, it will be stored in your Anycoin wallet. For added security, consider transferring your ARB to a personal wallet (e.g., a hardware wallet) to protect your funds.

Benefits of Using Anycoin:

• Simple and Easy to Use: Anycoin’s platform is accessible to both beginners and seasoned traders, making it easy for everyone to buy and trade Arbitrum and other cryptocurrencies.
• Secure Platform: Advanced security measures like 2FA and SSL encryption help safeguard your crypto assets.
• Variety of Cryptocurrencies: Anycoin supports a broad range of cryptocurrencies, including Arbitrum (ARB), Bitcoin, Ethereum, and more.
• Competitive Fees: With low transaction fees, Anycoin is a cost-effective option for buying and selling digital assets.
• Quick Transactions: Transactions are processed swiftly, allowing you to access your purchased crypto without unnecessary delays.

Buy Arbitrum at ByBit

Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets like Arbitrum (ARB), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit caters primarily to more experienced traders, especially those interested in leveraging trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers a wide range of professional trading tools, including spot trading, margin trading, and derivatives trading (futures contracts). The platform also features advanced charting and technical analysis tools to help traders make informed decisions.
2. High Liquidity: Bybit is recognized for its high liquidity, which is particularly beneficial for traders executing large trades without significant slippage. This makes it a reliable platform for both day traders and those with long-term positions.
3. Leverage Trading: A standout feature of Bybit is its leverage trading options, which allow users to amplify their positions and increase potential profits. However, it’s essential to use leverage carefully due to the higher risks involved.
4. User-Friendly Interface: Despite its advanced features, Bybit offers an intuitive and easy-to-use interface, making it accessible for both novice and experienced traders. The clean design helps users navigate the platform with ease.
5. Security Features: Bybit prioritizes security with robust measures like two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover potential losses during extreme market conditions. These features ensure the safety of users’ funds.
6. Mobile App: Bybit offers mobile apps for both Android and iOS, enabling users to trade and manage their crypto assets on the go. The apps provide most of the features found on the desktop platform, giving traders flexibility and constant market access.
7. Fast Transactions: Bybit provides quick and seamless transactions, with some of the fastest order execution speeds in the industry. This ensures that trades are completed without delay, which is crucial in volatile markets.
8. Referral Program: Bybit offers a referral program that allows users to earn rewards for inviting others to the platform. This is an excellent way for traders to earn additional income while helping to grow the community.
9. Customer Support: Bybit provides 24/7 customer support through live chat, email, and other communication channels, ensuring that help is always available when needed.

How to Buy Arbitrum (ARB) on Bybit:

1. Create an Account: Begin by visiting the Bybit website and clicking “Sign Up.” You will need to provide your email address and create a secure password. After registration, you will receive a verification email to activate your account.
2. Verify Your Identity: To comply with regulatory standards, Bybit may require you to complete a KYC (Know Your Customer) verification process. This typically involves submitting a government-issued ID and personal information to confirm your identity.
3. Deposit Funds: After setting up your account, you need to fund it. Bybit supports deposits in several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and USDT (Tether). You can deposit these digital assets directly into your Bybit wallet. 4. Buy Arbitrum (ARB): To purchase Arbitrum on Bybit:
   • Navigate to the “Spot” trading section on the platform.
   • Select Arbitrum (ARB) as the cryptocurrency you want to buy.
   • Choose your trading pair (e.g., ARB/USDT).
   • Enter the amount you wish to purchase and review the transaction details.
   • Confirm the purchase to complete the transaction.
4. Store Your Arbitrum Securely: After purchasing Arbitrum, it will be stored in your Bybit wallet. However, for enhanced security, it’s recommended to transfer your Arbitrum to a personal wallet (e.g., a hardware wallet like Ledger or Trezor) rather than leaving it on the exchange.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit is ideal for traders seeking advanced features like margin trading, leverage, and access to a variety of crypto assets.
• Fast Execution and High Liquidity: The platform ensures fast order execution and deep liquidity, which is essential for traders involved in fast-moving markets.
• Security: Bybit places a strong emphasis on security with features such as two-factor authentication (2FA), cold storage for assets, and an insurance fund to protect against losses.
• Mobile Trading: Bybit’s mobile apps allow users to trade and manage their portfolios on the go.
• Competitive Fees: Bybit offers low transaction fees, making it an attractive choice for traders who want to minimize costs.
• 24/7 Support: Bybit offers round-the-clock customer support, ensuring that help is available whenever you need it.

Best Arbitrum wallet: Electrum

When using a desktop wallet, we recommend the Arbitrum Electrum Wallet for a secure and efficient way to store your Arbitrum (ARB). Below, we will show you how to download and use it step-by-step.

First, visit the official site and download the wallet (click!). Clicking this link will direct you to the Electrum website. Scroll down and click on the button labeled “Download Electrum“.

You will then be directed to a page where you can select the appropriate wallet version for your operating system. For example, if you’re using Windows, select the “Windows Installer” (shown with the red arrow). If you’re on Android, choose the Android installer.

Once the file is downloaded, click on the setup file. Choose the directory where you want to install the wallet and click “Install.” The installation process should take no longer than 2 minutes. Afterward, click “Close.”

Congratulations! The wallet is now installed. Start the Arbitrum Electrum Wallet by double-clicking the Electrum icon on your desktop. The software will ask how you’d like to connect to a server. As a beginner, we recommend selecting “Auto connect.”

The Electrum software will detect that you haven’t yet created a wallet. At this point, simply click “Continue” and provide a name for your wallet if needed. Then, you can choose between different wallet types. If you’re unsure about which type to choose, we recommend selecting the “Standard wallet” option. This version is free of charge and works very well.

Alternatively, for increased security, you can opt for a “Wallet with two-factor authentication“. To use this option, you’ll need a smartphone with the Google Authenticator app (available on both the App Store and Google Play). However, please note that using two-factor authentication incurs an additional cost. We highly recommend this extra layer of protection as it significantly enhances your wallet’s security.

Once you click “Next,” a new seed must be generated. The seed depends on your address format. We recommend using the “Segwit” address format, as it is the most commonly used and offers better transaction efficiency. The seed will appear as a series of 12 words, which serve as your key to the wallet in case you lose your password or your device fails. It is crucial to write down the seed and store it safely, preferably on a piece of paper in a secure location.

Next, you’ll be asked to re-enter the seed. After that, Electrum will prompt you to create a password. Make sure your password is long, complex, and contains a combination of letters, numbers, and special characters. This password will be required each time you access the wallet, so make sure to keep it safe.

Now you’re ready to use the Arbitrum Electrum Wallet! The “Receiving Address” can be found in the upper right corner under the “Receive” section. Copy this address and paste it into Litebit or another exchange platform under the “Receiving Address” field. After you’ve entered the receiving address in Litebit, select your payment method and click “buy.” The transaction should be credited to your wallet within 24 hours.

If you have any questions or run into any issues, feel free to leave a comment, and we’ll be happy to assist you!