Introduction
Staking Arbitrum can be an excellent option for those who wish to hold ARB while earning AER in a secure manner and contributing to the network. The process may seem a bit overwhelming, particularly the first time you undertake it. That's why we've compiled this guide for you.
Step-by-Step Guide
1. Obtain Arbitrum (ARB) Tokens
To stake Arbitrum, you need to possess it. To obtain Arbitrum, you'll need to purchase it. You can choose from these popular exchanges.
View all 58 pricesPlatform Coin Price Nexo Arbitrum (ARB) 0.21 EarnPark Arbitrum (ARB) 0.2 YouHodler Arbitrum (ARB) 0.2 Binance Arbitrum (ARB) 0.2 BTSE Arbitrum (ARB) 0.2 Coinbase Arbitrum (ARB) 0.2 2. Choose a Arbitrum Wallet
Once you have ARB, you'll need to choose a Arbitrum wallet to store your tokens. Here are some suitable options.
3. Delegate Your ARB
We recommend using a staking pool when staking ARB. It's simpler and quicker to get started. A staking pool is a group of validators who combine their ARB, which increases their chances of validating transactions and earning rewards. You can do this through your wallet's interface.
4. Start Validating
You will need to wait for your deposit to be confirmed by your wallet. Once it is confirmed, you will automatically validate transactions on the Arbitrum network. You will be rewarded with ARB for these validations.
What to Be Aware Of
There are transaction and staking pool fees you need to consider. There may 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 in the UK
Arbitrum (ARB) is currently priced at US$0.4 with a 24-hour trading volume of US$408.73M. The market cap of Arbitrum stands at US$3.15B, with 4.21B ARB in circulation. For those looking to buy or trade Arbitrum, Bitmart offers avenues to do so securely and efficiently}
- Market capitalisation
- US$3.15B
- 24-hour volume
- US$408.73M
- Circulating supply
- 4.21B ARB
