Where And How To Buy Arbitrum (ARB) In 2024 – Beginners Guide

Arbitrum is a layer-2 solution for the Ethereum blockchain. The main purpose of this cryptocurrency project is to enhance the scalability of the blockchain, reduce fees, and decrease blockchain congestion. 

To support its ecosystem, Arbitrum launched its native token – ARB in March 2023. ARB is used for governance within the ecosystem. In this guide, we have thoroughly discussed some of the best places you can buy ARB. We also extensively explain how you can buy the token with ease. 

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Where To Buy Arbitrum (ARB)?

With hundreds of platforms available to buy cryptocurrencies, you can be a bit confused about which one to choose from and where to find the perfect broker to buy ARB. In this section, we have introduced the best platforms where you can purchase ARB safely, quickly, and with low fees. These platforms also stand out with good reputations and offer a lot of advanced tools for traders. 

1. eToro – Best Regulated Brokerage Platform To Buy Arbitrum (ARB)

eToro is one of the most trustworthy and secure platforms to buy cryptocurrencies. It supports almost 100 cryptocurrencies, including ARB. One of the best things about eToro is that it is heavily regulated by a number of top-tier institutions, including FCA in the United Kingdom, ASIC in Australia, and FINRA in the U.S. Also, it provides huge safety for your assets, making eToro a secure place to buy and sell. 

Outside that, eToro has several other features making it a great choice when it comes to cryptocurrency trading. One of these features is its fee structure which is divided into trading and non-trading fees.

As one of the best crypto exchanges, fees charged by eToro are quite competitive – the transaction fee for buying or selling cryptocurrencies is 1% which is added to the market price. eToro does not apply any other hidden fees. Check out our eToro review for more information. 

Meanwhile, non-trading fees on eToro include a withdrawal fee which is a flat fee of $5 irrespective of the payment method you use. There is no deposit fee when you fund your account but the minimum deposit is $10 when it comes to crypto trading. It’s completely free to have an account on eToro. Finally, there is an inactivity fee which is charged if you are inactive for 12 months. 

Another advantage is that eToro is a user-friendly and most importantly beginner-friendly platform. It supports a demo account with $100,000 demonstrative money which newcomers can use to learn how to trade and use the platform. As a social trading platform, eToro also enables getting in touch with other traders with your personal account, participating in discussions, or just reading the news. Check out our eToro review for more details.

More so, eToro provides a number of charts and graphs to explore each cryptocurrency before you make the final decision. eToro has a good selection of assets so that traders can build a diversified portfolio. If you are new to trading and still don’t know the nuances of diversification, you can simply mirror the trades of expert traders with eToro’s CopyTrader or Portfolios tools. 

eToro also supports a DeFi wallet which is called Money. This app is regarded as one of the best crypto wallets for beginners. You can transfer your cryptocurrencies to your digital eToro wallet and keep them in it safely. The platform also enables buying, selling, receiving, and transferring hundreds of cryptocurrencies and swapping between a wide number of crypto pairs. 

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2. Binance – Best Platform To Buy Arbitrum With Advanced Tools

Binance is one of the most reputable cryptocurrency platforms, with 120 million registered users worldwide. It’s the largest cryptocurrency trading exchange in terms of trading volume, with a $38 billion volume in 24 hours. The platform is also one of the best choices when it comes to the number of cryptocurrencies available on it. You can buy, hold, and trade over 350 cryptocurrencies and a huge selection of NFTs. Discover some of these assets by reading our Binance review.

More so, in our eToro vs Binance guide, we extensively discussed how the latter supports deposits from traditional payment methods, including bank cards, wire transfers, and e-wallets. Outside that, you can also use P2P methods to make payments on the exchange.

As one of the best crypto trading apps, Binance charges little fees for transactions carried out on its network. The minimum deposit to trade on Binance is as low as $10, with highly efficient trading fees. Binance charges a 0.1% flat fee for each transaction. Although payments through bank cards can sometimes be higher. Users who trade using Binance’s token BNB will also get additional fee discounts.

When it comes to trading experience, Binance can be a bit complicated for beginners. Hence, if you are a beginner, you can check out our Binance alternatives.

Meanwhile, advanced traders mostly prefer Binance due to the number of trading tools it provides. Binance has in-built technical indicators, charts, and other tools to make advanced technical analyses for active trading.

Although Binance is not regulated by any top-tier institutions, it applies advanced security mechanisms to ensure its users’ funds are kept safe. Verifying your account through an ID and address is also mandatory to use its full capacity. Since its launch in 2017, Binance has managed to build a good reputation and is trusted by many people. Overall, we regard it as one of the best places where you can buy $ARB.

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3. Crypto.com – User-Friendly Platform

Founded in 2016, Crypto.com has already gathered more than 80 million users worldwide, hence, becoming one of the most popular platforms for crypto trading. Regulated by CySEC and FINRA, Crypto.com provides safe trading for its users. It also uses top-notch security mechanisms to ensure that customers are away from malicious accounts, attacks, and fraud. 

Designed to make DeFi adoption easier, Crypto.com supports over 250 cryptocurrencies which can be bought with 20 fiat currencies using credit or debit cards. The platform also supports other payment methods, such as ACH transfers and its digital wallet Pap. Apart from cryptocurrencies, users can also buy and sell NFTs on Crypto.com’s platform. A vast selection of NFT collections is available on the platform, including BAYC, Moonbird, and other popular NFTs. 

One of the best things about Crypto.com is its staking mechanism. The broker enables users to lock up over 21 cryptocurrencies and earn rewards. The interest rates are quite high, and they can reach up to 14.5% annually. Apart from the interest rates, users of Crypto.com can also benefit from the discounts and rewards offered by the platform for making payments through VISA cards. 

Crypto.com is a user-friendly platform and is compatible with Android and iOS operational systems. The broker provides a well-designed website for those who prefer to trade with a computer and a good mobile app for mobile traders. Crypto.com also offers wallet services. It is considered as one of the best Ethereum wallets around.

When it comes to trading fees, the platform charges maker and taker fees which differ depending on the volume of your trades. For those who prefer to trade in high volumes, the platform suggests its VIP trading program with many privileges and premium trading fees. There is also a wide range of trading tools for professional traders. 

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4. Coinbase – Highly Reputable Platform To Buy Arbitrum Token

Coinbase is one of the best places where you can buy $ARB. It is registered with FinCEN, making it a trustworthy platform to buy and sell cryptocurrencies. Besides, Coinbase incorporates innovative technologies to provide reliable trading services for its customers. 

The cryptocurrency exchange is available in more than 100 countries and supports a wide range of assets for trading, including the most popular cryptocurrencies. Coinbase is well-designed for beginners and advanced traders. It has educational content with different guides explaining how to buy this or that cryptocurrency. 

Besides, Coinbase has a learning program that enables you to learn how certain cryptocurrencies work and earn a reward of up to $30. You can also benefit from the wide range of assets available on the platform and build a diversified portfolio. The exchange supports a number of transfer methods, including wire transfers in USD, EURO, and other fiat currencies. Bank card transfers are also accepted, but these methods’ fees can be higher. 

When it comes to pricing, Coinbase charges a little bit higher than average trading fees. Its maker fees range from 0.00-0.4%, while its taker fees can be between 0.05%-0.6%. Also, Coinbase has a mobile app, which you can download on your Android and iOS phone to enjoy mobile trading. 

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What Is Arbitrum?

If you are interested in DeFi, you may have already heard about the Ethereum blockchain. Over the years, the network has dealt with problems related to network congestion. This often leads to increased gas fees and decreases the transaction speed on its network. Hence, layer-2 scaling solutions are created to be added to Ethereum’s layer-1 network to increase its scalability. This clearly makes Arbitrum among the top DeFi coins to buy. 

Arbitrum is a similar layer-2 scaling solution built on the Ethereum blockchain, which addresses the blockchain’s scalability issue by increasing transaction speed and reducing fees. It was founded in 2018 and is currently being developed by Off-chain labs. The latter is a team of professionals with many years of experience in computer science, cryptocurrencies, and blockchain. 

As a layer-2 scaling solution, Arbitrum uses the roll-ups technology to collect all similar transactions in a bunch and verify them simultaneously. This consequently reduces network congestion and helps developers to build dApps efficiently and with low fees. More so, Arbitrum is capable of running 40,000 transactions per second. This number is quite high when compared to the number of Ethereum blockchain transactions. 

Arbitrum has become quite popular, and several DeFi projects bridge with it, including DEXs, meme token projects, P2E games, etc. In 2023, Arbitrum created a decentralized autonomous organization to manage the project and issued a native governance token – ARB. Anyone holding ARB tokens has the right to vote on Arbitrum decisions and take a part in deciding which direction the project will continue. 

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Is Arbitrum Token A Good Investment Right Now?

Arbitrum Network is a significant player in the layer-2 sector. The project’s popularity can bring huge potential for its native token – ARB. So, let’s discover some of the reasons why the Arbitrum token is a good investment right now. 

Low fees

One of the problems that developers face when building decentralized apps on Ethereum is the high gas fees on its blockchain. Due to its innovative solution, Arbitrum can verify a bunch of transactions. This significantly reduces the congestion on the network and increases the speed of transactions. 

Ethereum Compatibility

Another good reason is Arbitrum’s connection to the most popular smart contract-based blockchain, Ethereum. Arbitrum is not a different blockchain; it is simply a layer-2 protocol that is compatible with Ethereum. It means that dApps builders can build their projects on Ethereum while using Arbitrum’s layer-2 scaling solution. 

Artbitrum Increases Security

When increasing the network’s scalability and reducing gas fees, it is also important to maintain its security. Arbitrum integrates a number of security measures to provide a secure experience for its users. The network’s protocol, called Optimistic roll-ups, makes it possible to combine scalability and low gas fees with security. Additionally, Arbitrum’s network has validators for transaction verification, reducing the cases of malicious attacks on its platform. 

Meanwhile, apart from ARB, there are several other Arbitrum tokens you can also consider. Read our guide on the best Arbitrum tokens to buy now.

Arbitrum Token Price

Although the Arbitrum network was founded in 2018, its native token was not issued until March 2023. First, Arbitrum conducted an airdrop for $ARB, showering eligible users with 1 billion coins. The same month, ARB started making its debut on crypto exchanges. Today, it is already listed on a number of popular decentralized and centralized exchanges. 

ARB started its journey with an initial listing price of $1.18, according to CoinMarketCap data.  After its official launch, ARB raised $1.49 in a couple of days which was its highest price for that month, as the coin stayed below $1.5 for the rest of March. 

Arbitrum Token All-time Price Performance Source coinmarketcap.com

ARB token started to rise at the beginning of April and experienced significant growth by the middle of the month. On April 18, the token hit its all-time high, reaching $1.178. ARB was traded above its initial listing price for the rest of that month, but it showed some decrease in May. First, it dropped to $1 but recovered to $1.2 again. 

ARB’s price fluctuated between $1-$1.2 for the rest of May until eventually, it reached $1.25 at the end of the month. Arbitrum started in June with a price of $1.1. Since that month, Arbitrum has been struggling to stay above $1. In July, the token managed to hit $1.2 but endured a dip in August. Then, it traded around $0.8344.

Meanwhile, Arbitrum made a noticeable comeback in September as it rallied to $0.9807. The token has regained more in November attaining a $1.07 price level. It has a circulating supply of 1,275,000,000 coins and is currently the 40th largest crypto by market capitalization.

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Arbitrum Token Price Prediction

Crypto trading experts are basically optimistic about the future of Arbitrum. The project has a lot to offer and has already been adopted by a number of popular DeFi projects. As its native token, ARB is expected to grow in the long term and can reach new peaks once the general crypto market takes a bullish direction. 

Algorithm-based price-prediction platforms are also optimistic about the future price of the ARB token. According to the Digital Coin Price, ARB can hit $3, $4, and $5 in 2024, 2025, and 2026 respectively. It is also predicted that the token will attain over $12 by 2030. 

Meanwhile, the second platform we checked predicted a higher figure for ARB in 2030. According to the platform, the token will hit a $30 milestone in that year. However, Wallet Investor’s predictions are rather disappointing. The platform indicates that ARB will lose over 77% of its value and decrease to $0.274 in a year. 

For more information, read our ARB crypto price prediction.

Ways Of Buying Arbitrum Token

Arbitrum can be purchased through a number of payment methods. Here are some of the ways you can purchase ARB tokens. 

Buy Arbitrum With Bitcoin 

If you want to buy Arbitrum with Bitcoin or other cryptocurrencies, Binance and Coinbase exchanges can be the best choice. To do so, you need to have an account on any of these crypto exchanges, link your Bitcoin wallet to them, and purchase the number of ARB tokens you want. 

Read our guide to discover how you can also buy Bitcoin safely.

Buy Arbitrum With PayPal On eToro

E-wallets are another way of investing in the Arbitrum network. Making a purchase through your PayPal account is quite preferable for those who don’t want to fill in the details of their bank cards. eToro is the best broker to buy Arbitrum with PayPal, as it does not charge any deposit fees.

Funding your eToro account with Paypal is also quick and takes a couple of hours. All you need to do is to click on the “Fund” button on eToro’s website, fill in the necessary information about your Paypal wallet, and the money will be transferred to your eToro account, after which you can make the purchase. 

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Buy Arbitrum Token With A Credit Or Debit Card 

Finally, a bank card is one of the best ways to buy Arbitrum. For example, eToro conducts transactions with bank cards in half an hour or so. Both Binance and Coinbase also support payments through bank cards, but their transaction fees are higher. 

Best Arbitrum Token Wallet

While your cryptocurrencies are safe on your eToro account, transferring them to a digital wallet using blockchain technology is also an option. Our best recommendation is eToro’s money wallet which is free to use and can easily be downloaded on your mobile phone. The wallet is compatible with iOS and Android systems and is considered one of the safest wallets because of its high-standard security mechanisms.

The Money wallet is an easy way to access the crypto market using the credentials of your eToro account. You can move your assets from eToro to the wallet and use them to buy, sell, trade, transfer, or receive several other cryptocurrencies available in the market. It is important to note that it is currently impossible to transfer your crypto back to your eToro account after you send them to your Money wallet. 

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How To Buy Arbitrum Token – Step-by-Step Tutorial 

When finding the best broker to buy Arbitrum tokens, our top recommended platform is eToro. If you are new to trading and don’t know how to buy ARB tokens, here is a step-by-step guide to walk you through the process with eToro. 

Step 1 – Create An Account With eToro

To buy Arbitrum tokens on eToro, you need to follow some simple steps, and the first one is to visit eToro’s website and sign up for an online account. This usually takes a few minutes as you only need to provide your personal details and create a username and password. At this stage, you must verify your account through a phone number and email. 

As eToro is a heavily regulated platform, it requires all customers to go through the KYC process. This includes identity verification which you can do with a government-issued ID, passport, or driver’s license. The other required verification is address-related. Here, you will need to provide a utility bill or a bank document with your name and address on it.  

Step 2 – Deposit Funds On Your Account

With a verified account, you can now get to the next steps of buying Arbitrum. Obviously, you will need to have funds in your account to make the purchase. Hence, click on the “Deposit Funds” button on the website. There are multiple payment methods on eToro, but the speed of the transfer may differ depending on the method. 

For example, credit and debit card transfers usually take less time than e-wallet transfers and bank transfers. The last one may take up to 7 business days. There is no deposit fee for any of the methods; only a conversion fee is charged for non-USD transfers. Provide the necessary information about your payment method to charge your account. 

Step 3 – Search Arbitrum Network On eToro

At this point, you can finally make a purchase. You can browse the cryptocurrency section on eToro to find Arbitrum or simply type ARB in the search area and click on the first result. Once you visit Arbitrum’s page on eToro, you will see different sections to explore the cryptocurrency one more time before making an investment. 

eToro gives much information about the token on this page, including an overview of the project, price charts and stats, analyses, and market news that can help you make better investment decisions. 

Step 4 – Buy Arbitrum

Once you have explored everything you need to know about the token, you can finally make an investment. To do that, click the “Invest” button next to the coin’s name. On the buying window, fill in the amount of tokens you want to buy and finalize the transaction to get the coins. If your transaction is successful, you will get the ARB tokens on your eToro account in a matter of minutes. 

For more details, read our guide on how to buy cryptocurrency safely.

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Conclusion

In this guide, we extensively analyze the Arbitrum network to understand its main purpose and discover whether it is a good investment right now. As a layer-2 network, Arbitrum addresses one of the most serious issues of the DeFi world – network congestion and scalability. Arbitrum’s solutions can prove to be quite valuable in the long term, which can directly affect the value of ARB. 

Despite making its market debut in March 2023, ARB has now been listed on many reputable brokerage platforms and is considered one of the best cryptocurrencies around. In this guide, we introduced a list of the top brokers where you can buy Arbitrum safely and with low fees.

Our top recommended broker is eToro – a secure broker with an affordable pricing structure and attractive features. We have also introduced a complete guide that could help you buy Arbitrum with eToro easily and quickly. 

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