Introduction
Staking Arbitrum can be a great choice for those who want to hold ARB but earn yield in a secure way while contributing to the network. The steps can be a little overwhelming, especially the first time you go through them. That’s why we’ve put this guide together for you.
Step-by-step Guide
1. Get Arbitrum (ARB) Tokens
To stake Arbitrum, you need to have it. To obtain Arbitrum, you'll need to purchase it. You can choose from these popular exchanges.
See all 58 pricesPlatform Loonies Price Nexo Arbitrum (ARB) 0.39 EarnPark Arbitrum (ARB) 0.4 YouHodler Arbitrum (ARB) 0.39 Uphold Arbitrum (ARB) 0.36 OKX Arbitrum (ARB) 0.39 Binance Arbitrum (ARB) 0.39 2. Select a Arbitrum Wallet
Once you have ARB, you’ll need to choose a Arbitrum wallet to store your tokens. Here are some good options.
3. Delegate Your ARB
We recommend using a staking pool when staking ARB. It’s simpler and faster to get up-and-running. A staking pool is a group of validators who combine their ARB, which gives them a higher chance of validating transactions and earning rewards. You can do this through your wallet’s interface.
4. Start Validating
You'll need to wait for your deposit to be confirmed by your wallet. Once it's confirmed, you'll automatically validate transactions on the Arbitrum network. You'll be rewarded with ARB for these validations.
What to be Aware of
There are transaction and staking pool fees you need to consider. There can also be a waiting period before you start earning rewards. The staking pool will need to generate blocks, and this can take some time.
Latest Movements
Arbitrum (ARB) is currently priced at US$0.4 with a 24-hour trading volume of US$408.73M. The market cap of Arbitrum is currently at US$3.15B, with 4.21B ARB in circulation. For those interested in buying or trading Arbitrum, Bitmart offers ways to do so securely and efficiently
- Market capitalization
- US$3.15B
- 24h volume
- US$408.73M
- Circulating supply
- 4.21B ARB