Introduction
Staking Arbitrum can be an excellent choice for those looking to hold ARB while earning returns in a secure manner and supporting the network. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.
Step-by-Step Guide for Indian Investors
1. Acquire Arbitrum (ARB) Tokens in India
To stake Arbitrum, you first need to acquire it. To obtain Arbitrum, you will have to purchase it from a cryptocurrency exchange. You can select from these popular platforms available in India.
See all 58 ratesPlatform Coin Cost 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 in India
Once you have ARB, you'll need to choose a Arbitrum wallet to securely store your tokens. Here are some reliable options available in India.
3. Delegate Your ARB in India
We recommend using a staking pool when staking ARB. It's simpler and quicker to get started. A staking pool is a collective of validators who combine their ARB, increasing their chances of validating transactions and earning rewards. You can easily 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's confirmed, you will automatically validate transactions on the Arbitrum network. For these validations, you will be rewarded with ARB.
What to Keep in Mind
When engaging in staking, it's important to factor in transaction fees and staking pool charges. Additionally, there may be a waiting period before you begin to earn rewards. The staking pool must generate blocks, which can take some time to accomplish.
Latest Trends in India
Arbitrum (ARB) is currently priced at $0.4 with a 24-hour trading volume of $40.87Cr. The market cap of Arbitrum stands at $314.92Cr, with 421.01Cr ARB in circulation. For those looking to buy or trade Arbitrum, Bitmart offers avenues to do so securely and efficiently}
- Market capitalization
- $314.92Cr
- 24-hour trading volume
- $40.87Cr
- Circulating supply in the market
- 421.01Cr ARB
