Arbitrum is a layer 2 scaling solution for Ethereum, which means it is a technology that aims to increase the speed and efficiency of transactions on the Ethereum network. Arbitrum allows users to conduct transactions off the main Ethereum network, reducing congestion and gas fees.Arbitrum uses two tokens: the Arbitrum Rollup Token (ARB) and the Arbitrum Sequencer Token (ANJ). The ARB token is used to pay for transaction fees and is required to participate in the Arbitrum network. It can be staked to earn rewards and used to vote on governance proposals.The ANJ token is used to manage the Arbitrum Sequencer, which is responsible for ordering transactions and ensuring their validity. ANJ tokens are used to stake on a transaction order, and the token holders who stake the most ANJ tokens get the right to order transactions on the network.Overall, the Arbitrum ecosystem relies on these two tokens to incentivize users to participate in the network and maintain its operation.
Investing in Arbitrum (ARB) can be a smart move for those looking to tap into the potential of the Ethereum ecosystem. As a layer 2 scaling solution, Arbitrum offers a faster, cheaper, and more efficient way to transact on the Ethereum network. With lower gas fees and reduced congestion, users can access the full potential of Ethereum without the high costs and delays of the main network.In addition, the ARB token is an essential component of the Arbitrum ecosystem, serving as the primary means of payment for transaction fees and offering a way to participate in network governance. As more users adopt Arbitrum, the demand for ARB may increase, potentially leading to price appreciation for investors.Overall, investing in ARB offers a unique opportunity to get in on the ground floor of a cutting-edge technology that has the potential to revolutionize the way we interact with the Ethereum network.
Make sure you have an account with Knaken. You can register in the app or at the registration page. Then verify your personal data, and you are ready to buy Arbitrum.
You can select Arbitrum in the app or web portal, choose an amount and immediately make the payment with, for example, a credit card.
Yes, at Knaken you can easily buy Arbitrum with, for example, iDEAL, credit card or Bancontact. Check all options on our fee page.
You can find the current price of Arbitrum at the top of this page.
At Knaken we believe it is important to be as transparent as possible to our customers about the costs that are charged. It is possible to look into the costs for every purchase or sale of Arbitrum.
Take a look at our costs page for more info.
At Knaken, safety comes first. For years we have ensured that you can not only buy crypto securely on our platform, but also store it.
Search for Arbitrum in the app or web portal and select “deposit” in options. Here you will see the deposit address where you can send the crypto. Make sure you deposit Arbitrum from a wallet address that has been verified with Knaken.
Yes, search for Arbitrum in the app or web portal and select the withdrawal button in options. Please note that you can only withdraw Arbitrum to a verified wallet address.