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Where to buy, sell and trade ARK in the US

Will ARK be the next global currency?

Some cryptocurrencies aim to become valuable through rarity and limited supply. ARK aims to become valuable by being extraordinarily useful and widely available.

It’s a complete system rather than just a token. It has a lot of defining features, but the main one is probably its bridging chains. These let the ARK system connect with existing blockchains, such as Ethereum and endless others that have yet to be created.

These bridging chains let ARK adapt to include new features over time and bring the most useful elements of other blockchains into its own ecosystem.

It’s also characterized by a very speedy eight-second block time, making for noticeably more responsive transactions than other blockchains can offer.

Disclaimer: This information is not financial advice or an endorsement of cryptocurrency or any specific provider, service or offering. Cryptocurrencies are highly volatile and high risk. Do your own research and seek financial advice before buying. Please check with providers if their services are available in your state.

Where to buy, sell and trade ARK

Name Product Deposit methods Fiat Currencies Cryptocurrencies App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA


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Other exchanges that support ARK include Bittrex, Bit-Z, COSS, LiteBit and CoinSwitch.

What are the unique features of ARK and how does it work?

There are a lot of unique features. The most important thing to remember is probably that ARK isn’t just a token. It’s an entire system designed to function as the last cryptocurrency the world needs by utilizing the following:

  • ARK SmartBridge. ARK is built to integrate features from other blockchains and work across multiple chains. The most immediate application is to bring in essential features like smart contracts, but as blockchains proliferate and become a standard business solution, users may decide to use ARK to integrate multiple, application-specific business chains into a single framework.
  • Offchain solutions. ARK aims to release its own credit and debit cards, letting people use major-brand credit and debit cards backed by ARK.

ARK fees, inflation and earnings

A range of usage fees apply, which may be subject to change based on the value of the coin.

  • Transaction fee: 0.1Ѧ
  • Voting fee: 1Ѧ (51 votes per transaction)
  • Multi Signature: 1Ѧ per signature + 1Ѧ per signing account
  • Registering a delegate: 25Ѧ

All fees are paid to the forging node that processes the block containing those fees.

For this to make sense, it’s worth knowing how ARK “forging” and “delegates” work.

How to sell or trade ARK

  1. Visit the exchange platform you hold ARK on. If it’s in a digital wallet, then you can use any platform from the list above to complete your transaction.
  2. Follow the instructions on the platform to sell or trade your ARK.

ARK forging and delegates

Forging on ARK is equivalent to mining on other blockchains. ARK uses a delegated proof-of-stake (DPoS) mining algorithm to reward stakeholders semi-randomly for their contributions to the network.

These contributors are known as forgers or delegates. There are up to 51 at a time, and they’re democratically elected by other stakeholders. Their job is to maintain and run the network. In return, they get any of the set fees that they happen to process, as well as a flat 2Ѧ-per-block reward.

There’s no set ARK coin supply limit or built-in deflation like there is with other systems. Instead, having a set eight-second block time and a flat 2Ѧ mining reward results in reducing inflation year-on-year.

In the first year, ARK inflation was 6.31%, while in the second year, it was 5.93%. In the tenth year, it’s set to be 4.02%.

During December 2017, the 51 delegates were forging a total of 10,800 blocks per day, earning a total of 422Ѧ. At $5 per Ѧ, each delegate was earning more than $2,000 per day by being a forger, even before counting any transaction and other fees earned in the process.

How voting works

Users can put an upvote next to their delegate of choice, at the cost of 1Ѧ. To change it, they can pay a further 1Ѧ.

Whichever 51 proposals have the highest number of votes at a time are eligible to forge ARK blocks and collect the rewards.

Things to consider before buying ARK

The potential features and functions of ARK clearly set it apart from the crowd. SmartBridge technology has near limitless potential, and if ARK comes close to achieving its goals, it might increase in value considerably.

There’s no set coin supply limit, but inflation is capped at a decreasing, clear and measurable rate. It’s also attracted a lot of interest, and many traders seem to be betting on its future success.

ARK’s flexibility and exceptionally transaction-friendly eight-second block timer might have it very well set up for success.

But the ARK SmartBridge system won’t necessarily age too well, and in the future, it might not be unique enough to drive further growth. The bitcoin Lightning Network upgrades and atomic swap projects are set to bring similar cross-chain functionality in the future.

However, despite its ability to process a huge number of transactions quickly and cheaply, ARK still has a scaling problem in the form of an easily manipulated voting system. With a cap of 51 delegates, it’s almost inevitable that one group will eventually monopolize the entire network.

And once that group of delegates gets majority control, it will be almost impossible to dislodge them. They can simply keep buying votes. Not only will they be earning the majority of newly minted coins, they’ll also be earning the majority of voting fees. Any en-masse attempts to vote them out will simply profit them even further.

Plus, as a global currency, there are also language barriers to consider. If a rapid influx of users suddenly leads to most delegates and voters suddenly speaking one particular language, such as Chinese or any other language, it could serve to isolate those who don’t and further diminish their voting power.

It’s possible that this vulnerability is actually what drove ARK’s sharp price rise throughout the tail end of December 2017 and that those price rises are the result of a group laying the groundwork for eventual monopolization of the forging network.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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2 Responses

    Default Gravatar
    ElizabethJune 8, 2019

    What is litecoin like you can buy them put them in a wallet and save them? While they sit in wallet would they become more valuable? How do they not disappear in the web world?

      Avatarfinder Customer Care
      JeniJune 8, 2019Staff

      Hi Elizabeth,

      Thank you for getting in touch with Finder.

      You may check out our review page for Litecoin and wallet for storing Litecoin. You can learn more about Litecoin and see why it’s sometimes called “the silver to Bitcoin’s gold”. Predicting the future performance of any cryptocurrency is an extremely difficult task. In the case of Litecoin, there are a few key opportunities and challenges that could impact the coin’s value in the months and years ahead.

      I hope this helps.

      Thank you and have a wonderful day!


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