Arbitrum (ARB) is a Layer-2 crypto asset with the aim of increasing the transaction speed and scalability of the Ethereum blockchain and boosting the network’s privacy. The strong Arbitrum price performance since its April 2023 launch led to it being listed on many major cryptocurrency exchanges.
This guide covers all the essential information on how and where to buy Arbitrum’s ARB token, alongside an overview of the project’s background. Is Arbitrum a good investment in 2023?
Where to Buy Arbitrum – Best Crypto Platforms
ARB token has risen in popularity and is currently available on multiple cryptocurrency exchanges. We shall now take a look at some of the popular and trusted exchanges that you can use to purchase tokens from.
1. eToro – Overall Best Platform to Buy Arbitrum
eToro is a popular cryptocurrency exchange that was founded in 2007. ARB witnessed its first major pump when on 13th April 2023, eToro announced that it would be listing this crypto asset.
eToro’s motto, “Trade Responsibly,” emphasizes the platform’s commitment to promoting responsible and informed trading practices. The exchange was established by brothers Yoni Assia, Ronen Assia, and David Ring and is headquartered in Tel Aviv, Israel.
The platform operates under various regulations, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Australian Securities and Investments Commission (ASIC) in Australia, ensuring compliance and investor protection. eToro has gained popularity for its user-friendly interface, extensive trading options, and strong regulatory oversight. At the time of writing, the exchange has reported over 20 million registered users spread across 140+ countries.
In addition to its wide range of features, eToro provides a convenient digital wallet called eToro Wallet, which users can download for free. This wallet enables the storage of cryptocurrencies and helps users buy NFTs securely. Regardless of whether users deposit funds using a debit card or bank account link, eToro requires a minimum deposit of $10, which compared to many of its counterparts, is a reasonable amount.
When it comes to trading cryptocurrencies on the platform, eToro applies a 1% fee. This fee structure allows users to engage in cryptocurrency trading while ensuring transparency and simplicity.
eToro stands out for its innovative social trading features, allowing users to interact, follow, and copy the trades of successful investors. It offers a wide range of trading options, including cryptocurrencies, stocks, commodities, and more.
Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.
2. OKX – Crypto Exchange with a Global Presence for Buying ARB
OKX has successfully built a global presence, attracting a diverse user base spanning the globe. Since its establishment in 2017, this renowned exchange has forged strategic partnerships with various blockchain projects, fostering innovation and enabling the listing of promising digital assets on its robust platform, including the recent addition of Arbitrum.
One of OKX’s notable strengths lies in its extensive array of cryptocurrencies available for trading and investment, all while prioritizing the utmost security of user funds. With a user-friendly interface, OKX offers a comprehensive range of trading tools and features designed to cater to both novice and experienced traders alike.
OKX employs security measures such as cold storage for a majority of its funds, multi-factor authentication, withdrawal whitelisting, and conducting regular audits.
Compliant with industry regulations, OKX actively works to prevent money laundering and fraudulent activities, ensuring a secure trading environment for users. Through its impressive track record and unwavering commitment to excellence, OKX has solidified its position as a pioneering cryptocurrency exchange, firmly establishing itself as a major player in the global digital asset trading landscape. It presents a compelling option for anyone seeking a secure platform to purchase ARB tokens.
3. Bybit – Emerging Tier 1 Exchange to Buy ARB Tokens
We also recommend Bybit as another exciting option to consider while buying ARB tokens. Established in 2018, the exchange has emerged as a prominent force in the cryptocurrency industry. Headquartered in Singapore, this platform has garnered widespread recognition and popularity among cryptocurrency enthusiasts worldwide.
Bybit stands out for its extensive selection of trading options, including perpetual contracts, futures contracts, and options contracts, all offering high leverage. It boasts a wide range of cryptocurrencies available for spot trading, enabling users to explore diverse investment strategies and optimize their potential returns.
As one of the top 5 crypto exchanges according to Coinmarketcap, Bybit has positioned itself as a comprehensive platform catering to the needs of various investors. It provides a multitude of trading pairs for margin and spot trading, facilitating portfolio diversification and capitalizing on opportunities in the dynamic cryptocurrency market.
To attract new users, Bybit offers an enticing sign-up bonus of up to 5,030 USDT in rewards, creating a compelling incentive for individuals to join and embark on their trading journey with a competitive edge. By prioritizing customer satisfaction, maintaining robust security measures, and offering a diverse range of options, Bybit has solidified its reputation as a trusted choice for those interested in investing in popular tokens like ARB.
What is Arbitrum (ARB)?
The Arbitrum crypto project, developed by Offchain Labs, is an Ethereum layer-two (L2) scaling solution that aims to enhance speed, scalability, and cost-efficiency on the Ethereum network. The project was founded by Ed Felten, Steven Goldfeder, and Harry Kalodner, who were former Princeton University researchers with expertise in computer science, cryptography, and blockchain, respectively.
Arbitrum leverages optimistic rollups to achieve its objectives of scaling Ethereum and providing developers with a great experience while working with the network. One of Arbitrum’s key advantages is its high compatibility with Ethereum. It supports unmodified EVM contracts and transactions, enabling seamless operation for existing Ethereum DApps without requiring any code modifications. This compatibility ensures a smooth transition for developers and users alike.
Scalability is another notable feature of Arbitrum. With the ability to handle thousands of transactions per second, the project offers fast finality and low fees while maintaining the security guarantees of the Ethereum network. By offloading most computation and storage load off-chain, Arbitrum achieves higher throughput compared to Ethereum’s main chain.
Recent Developments in the Arbitrum Project
The development team behind Arbitrum, Offchain Labs, announced a transition to a decentralized autonomous organization (DAO) structure known as the Arbitrum DAO a couple of months back. As a governance token, this is exactly when the project’s native token, ARB was conceptualized.
ARB holders have the power to vote on proposals related to features, protocol upgrades, fund allocation, and the election of a Security Council. In March 2023, Arbitrum generated significant anticipation with its much-anticipated crypto airdrop of ARB tokens. Early users and DAOs building on Arbitrum were rewarded with ARB tokens, distributed based on a point-based system reflecting their interaction with the Arbitrum network until March 1, 2023, which gained major traction since the token went on to gain much value after it was listed on exchanges.
Arbitrum stands out among other scaling solutions by offering compatibility, scalability, flexibility, and decentralization. By supporting unmodified Ethereum contracts, achieving high transaction throughput, enabling programming in various languages through Stylus, and relying on a decentralized network of validators, Arbitrum strives to provide an efficient and secure environment for decentralized applications and users on the Ethereum network.
Is Arbitrum a Good Investment?
Arbitrum token could be a good investment option due to various factors. The increasing dependence on Ethereum signals a growing demand for scaling solutions. Currently, Polygon holds a leading position and experienced significant price surges during the previous bull run. Although Arbitrum operates slightly slower with a TPS rate of 40k compared to Polygon’s 65k, there is potential for Arbitrum developers to introduce innovative concepts and become a formidable contender.
While the Arbitrum crypto project is relatively new, it has the capacity for exponential growth in the coming years, even as developers continue to explore other established options like Polygon and Optimism. In the event of an upcoming bull market, it would not be surprising to witness ARB among the top gainers. The token has already integrated essential elements, positioning it as a high-quality project.
While Arbitrum could further enhance the token’s utility, it remains undervalued, presenting an opportunity to potentially dominate the field of scaling solutions in the years ahead. By capitalizing on Ethereum’s increasing reliance and the demand for scalable solutions, Arbitrum positions itself as an attractive investment option.
Despite being a relatively new project, ARB has rapidly gained popularity within the blockchain community. Its launch price of $1.1822, according to Coinmarketcap, set the foundation for consistent growth rather than experiencing sudden surges like many other projects. On April 14th, ARB reached an all-time high of $1.77 before undergoing a correction to around $1.22 levels.
As of now, the project has a circulating supply of 1.275 billion tokens and a market capitalization of $1.4 billion. ARB’s price movement has exhibited a notable correlation with BTC, closely following its macro-level trajectory.
The consistent growth and steady market performance of ARB, coupled with its increasing market capitalization, indicate a positive reception among investors. As the project continues to mature and potentially chart its own path, market participants will closely monitor its development and assess its performance independent of BTC movements.
Arbitrum Price Prediction
Despite a recent rise to the $1.4 range followed by a correction to $1.2, the price of ARB is currently range bound. In the short term, it is likely that ARB will remain around the $1 price level unless there are significant project announcements or developments. However, we anticipate a substantial long-term increase in the price of ARB due to its high utility features and growing community.
Considering a positive overall environment in the cryptocurrency market and the project’s community, there is potential for ARB to reach its all-time high and potentially surpass it by the end of 2023. Our outlook for the token over the next three years is bullish, with a projected trading range of around $3.8 by the end of 2025.
It is important to note that this prediction is based solely on current market trends and the increasing popularity of the token. Given the limited historical price action of the newly launched Arbitrum token, accurately forecasting the long-term price action of ARB is challenging.
In the video below crypto analyst Jacob Bury also speculates on a possible Arbitrum price forecast:
Best Ways to Buy Arbitrum
Here are some of the most common methods to buy Arbitrum online:
Buy ARB with a Debit Card or Credit Card
Many individuals opt to use debit or credit cards for convenient and rapid ARB token purchases. All the options mentioned in the article will let you purchase ARB tokens using bank cards, although some geographical restrictions may vary in terms of policy for crypto purchases through credit or debit cards. eToro is the best option when it comes to using a debit or credit card to buy ARB.
Buy ARB Token without ID
Some exchanges, such as the aforementioned option ByBit, offer the option to purchase cryptocurrencies without requiring identification. Here, investors can purchase their desired amount of ARB tokens without even having to verify officially as registered users. Policies for this, however, may be subject to change depending on the country where the investor is located.
Buy ARB using PayPal
eToro is one of the few crypto platforms that fully supports PayPal for purchasing ARB tokens and other cryptocurrencies. If you prefer using PayPal for your transactions, eToro can be a suitable platform for acquiring ARB.
Best Wallet for Buying ARB Tokens
The eToro crypto wallet is a safe and easy-to-use option for storing ARB tokens. It supports a wide range of cryptocurrencies, allowing users to store, buy, sell, and transfer their tokens conveniently.
This makes it our top pick for storing tokens safely. The wallet puts a strong emphasis on security, using advanced encryption and multi-factor authentication to protect users’ funds. It seamlessly integrates with the eToro trading platform, enabling users to effortlessly move their ARB tokens between their trading account and wallet.
The wallet’s user-friendly interface and simple functionality make it suitable for both beginners and experienced crypto enthusiasts, providing a reliable way to manage and access digital assets.
For some alternatives to eToro, see our best crypto wallets page.
Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.
How to Buy Arbitrum Tokens on eToro
Now that we have learned all about the Arbitrum cryptocurrency project we’ll cover how to buy Arbitrum tokens in more detail:
Step 1: Sign Up for an eToro Account
Begin by visiting eToro’s official website and selecting any of the provided sign-up links.
You will be directed to a registration form where you need to provide your personal information, including a chosen username, login details, and email address. Accept the terms of service to proceed with creating your account.
Step 2: Complete KYC Verification
To comply with anti-money laundering laws, eToro requires users to verify their identities. This involves submitting necessary KYC (Know Your Customer) documents, such as identification cards and proof of residence. Once you provide the required documentation, the eToro support team will review it. They may reach out to you for any additional information or clarification needed to complete the verification process.
Step 3: Deposit Funds to Purchase ARB Tokens
After setting up your eToro account, you can proceed to deposit funds. This will allow you to make purchases of ARB tokens or any other investments of your choice.
eToro supports various payment options, including debit cards, credit cards, PayPal, Skrill, Neteller, and bank transfers. Select the payment method that suits you best and follow the instructions to deposit funds into your account.
Step 4: Search for Arbitrum (ARB)
Upon logging into your eToro account, utilize the search function located at the top of the eToro homepage. Type in “Arbitrum” or “ARB” to find the relevant information. You will be able to view the ARB price graph, current market valuation, circulating supply, and other pertinent details related to the token.
Step 5: Purchase ARB Tokens
When you are ready to buy ARB tokens, locate the “Trade” button on the ARB page. This can be found either in the top right corner of the page or within the search results. Clicking on the “Trade” button will open a trading box below. In this box, you can enter the desired quantity of funds you wish to allocate towards purchasing ARB or specify the quantity of ARB tokens you desire to acquire.
To confirm the trade, click on the “Open Trade” button. Alternatively, if you prefer more control over the purchase price, you can choose the “Order” option. This will enable you to set a specific price at which you want to buy ARB, even if it differs from the current market price. Once you have set the parameters, click on “Set Order” to proceed with your purchase.
Crypto assets are a highly volatile unregulated investment product. Your capital is at risk.
Is Arbitrum the Best Crypto to Buy in 2023?
Arbitrum is considered by many to rank among the best altcoins to be launched in 2023, however its upside may be limited due to already having a market cap of approximately $1.4 billion.
Meme coins have been outperforming the big caps, including BTC and ETH, in 2023 – often launched on decentralized exchanges such as Uniswap where they can’t be shorted, and exploding in price.
Arbitrum even inspired its own meme coin project, ArbDoge AI (AIDOGE) as an experiment within the Arbitrum ecosystem. The ArbDoge AI price pumped following its April launch alongside Arbitrum, however has been in a downtrend since then, like the Arbitrum price.
See our best meme coins page for some high potential alternatives to Arbitrum. One of our recent picks includes:
With a lower market cap than the similarly named ArbDoge AI ($10 million versus $25 million), AiDoge was recently listed on Uniswap and MEXC.
Both projects take their name from the original meme token, Dogecoin (DOGE).
AiDoge powers a meme generation platform utilizing artificial intelligence and text-prompts, in a similar vein to ChatGPT and tools like Midjourney and DALL-E.
Being early in its roadmap and with low market capitalization, a new meme coin like AiDoge offers a way to keep a diversified portfolio. Learn more about the project at aidoge.com.
ARB is emerging as a popular investment option among the wider crypto community. While it can be a great addition to one’s portfolio, it is important to remember that the crypto market is prone to volatility and that investors must only invest funds that they can afford to lose.
In terms of where and how to buy Arbitrum, you can follow the steps mentioned above, assess the mentioned exchanges and other available options and start stocking up on ARB tokens for potential profits in the upcoming months.
Arbitrum’s listing on eToro can be considered a major win. It is a secure crypto trading platform open to the US that supports fiat payments and has an affordable fee model. We recommend those wanting to invest in ARB using fiat consider eToro as a primary choice.
We also recommended an upcoming meme coin, AiDoge, as another option to diversity your crypto portfolio with a market cap less than one percent of that of Arbitrum, with potentially more room for growth.
AiDoge (AI) - Meme Generation Platform
- Create & Share AI-Generated Memes
- Newest Meme Coin in the AI Crypto Sector
- Listed on MEXC, Uniswap
- Token-Based Credit System
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