Discover how to buy Arbitrum (ARB) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Arbitrum (ARB) is currently at
$0.17990
-$0.00210 (-1.17%)
Last updated on --.
How can I buy Arbitrum on OKX?
Whether you're new to crypto or an experienced trader, you can buy Arbitrum using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Arbitrum
Select Arbitrum and buy using your chosen method.
Step four
Receive your Arbitrum
Confirm your purchase and store your Arbitrum in your portfolio.
What's Arbitrum?
Arbitrum is like a special helper for Ethereum, a popular digital playground where people build apps. Imagine Ethereum as a busy highway; Arbitrum creates extra lanes to make traffic flow smoother. It helps apps run faster and cheaper, solving the problem of congestion and high costs. This makes it easier for people to use Ethereum without waiting too long or paying too much.
How can I buy Arbitrum?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Fund your account using a bank transfer, credit card, or other local payment methods like ACH. 3) Once your account is funded, search for Arbitrum and place a buy order by selecting the amount you wish to purchase and confirming the transaction.
Why do people buy Arbitrum?
People buy Arbitrum because it helps make Ethereum apps faster and cheaper, which is useful for developers and users. It supports a growing ecosystem of decentralized applications, making it easier to access services like finance, games, and more. However, it's important to know that while it enhances efficiency, it doesn't eliminate all costs or challenges associated with blockchain use.
Things to know before buying Arbitrum in the United States
In the United States, cryptocurrencies like Arbitrum are legal but regulated. You must complete KYC and AML verification when setting up an account. Tax implications include reporting capital gains if you sell at a profit, and income tax on earnings from staking. Always consult a tax professional to understand your obligations and ensure compliance with local laws.
What are other ways to own Arbitrum?
You can obtain Arbitrum through airdrops, where tokens are distributed for free, or by participating in Learn-and-Earn programs that reward you for completing educational tasks. Staking or providing liquidity in certain platforms may also earn you Arbitrum. These methods require effort and understanding of the risks involved, such as market volatility and platform reliability.
How can I store my Arbitrum?
To keep your Arbitrum safe, consider using a wallet. Custodial wallets are easy but rely on third parties, while non-custodial wallets give you full control. Hot wallets are convenient for frequent use but less secure than cold wallets, which store assets offline. Always back up your wallet, keep recovery phrases secure, and understand proof of reserves to protect against loss or theft.
Why should I buy Arbitrum on OKX?
Learn more about the security measures keeping your Arbitrum safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Arbitrum (ARB)
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How to get Arbitrum for free
Invite friends, earn rewards
See how you can get free Arbitrum when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Arbitrum grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Arbitrum airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Arbitrum
Take advantage of price fluctuations and trade your Arbitrum for other cryptocurrencies.
Send Arbitrum
Send your Arbitrum anywhere, anytime with fast, low-cost transfers.
Spend Arbitrum
Use your Arbitrum to pay for goods, services, and experiences seamlessly.
Hold Arbitrum
If you think your Arbitrum will increase in value, you can hold onto it.
Sell Arbitrum
Convert your Arbitrum to cash quickly and securely.
How to buy Arbitrum (ARB) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Arbitrum ARB safely on a trusted exchange like OKX.
Choose the best exchange to buy Arbitrum (ARB) depending on your individual needs. Factors to consider when picking the best place to buy Arbitrum (ARB) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Arbitrum. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Arbitrum (ARB), as well as fiat withdrawal options.
This depends on the method you use to convert Arbitrum (ARB) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.