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How to buy Arbitrum (ARB) in the UK

Learn how to buy Arbitrum (ARB) on 2+ crypto exchanges in our step-by-step guide.

Arbitrum (ARB) is the 38th largest cryptocurrency by market cap, valued at US$1,439,002,947.

Arbitrum is a highly volatile asset capable of major price swings in a single day. Today ARB is trading for $1.13 USD, which is lower than yesterday's trading price of $1.13 USD. Over the past year, Arbitrum's price has seen an increase of 0%.

So before you buy Arbitrum, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy Arbitrum.

How to buy Arbitrum in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Arbitrum is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Arbitrum
    You can now exchange your funds for Arbitrum. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Arbitrum to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy Arbitrum in the UK

Find an exchange to buy, sell and trade ARB by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
eToro UK Cryptoasset Investing
Finder Award
eToro UK Cryptoasset Investing
Bank transfer, Credit card, Debit card, Neteller, PayPal, Skrill, eToro Money
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK

76
cryptocurrencies

Go to site
View details
Kraken Cryptocurrency Exchange
Finder Award
Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD, AED

222
cryptocurrencies

Go to site
View details
Coinbase Digital Currency Exchange
OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
Go to site
View details
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How we keep this Arbitrum guide up-to-date

  • ARB price data is regularly updated through data feeds so you always have the latest information.
  • Arbitrum performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Arbitrum?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Arbitrum?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Arbitrum.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing ARB with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy Arbitrum?

The easiest way to buy ARB is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying ARB, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Arbitrum has been performing recently.

Best Arbitrum wallets to store your ARB

You can keep your ARB on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your ARB below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Arbitrum a good investment?

Since its launch, the Arbitrum ecosystem has become one of the most popular. It has over 200 dApps built on its network and consistently holds over 2 billion in total value locked (TVL).

While the Arbitrum airdrop, token release and ecosystem adoption were major positive catalysts, there are some things to consider before investing in ARB:

  • Ethereum dependence.While Arbitrum aims to improve Ethereum's transaction processing time and network costs, it operates as a Layer 2 blockchain. This means that it is essentially dependent on the Ethereum network and has the potential to be positively or negatively impacted by the price of ETH, future development advancements or news catalysts.
  • Competitor projects.Layer 2 scaling solutions have grown in popularity in recent years as projects aim to deliver the best solution to Ethereum's network downfalls. While Arbitrum is amongst the first projects to utilise optimistic rollups, competitors are aplenty. Optimism (OP) released its token in 2022 and has recently partnered with Coinbase and its Base project. Zero-knowledge proofs are also gaining traction, with Polygon (MATIC) soon to release a zkEVM.
  • Short term holders.Arbitrum's ARB token was released as a network governance token, meaning it has a strong utility and incentivises holders. However, with a large portion - approximately 1 billion tokens or 11.5% of the total supply - distributed via an airdrop to early network users, traders may choose to sell their 'free' tokens, applying negative pressure to the market.

Today's Arbitrum price versus ATH

Compare today's price of Arbitrum ($1.13 USD) against its all-time-high price of $8.67 USD on 23 March 2023. The closer the bar is to 100%, the closer ARB is to reaching its ATH again.

Arbitrum's price: $1.13
ATH date: March 23, 2023
13.03%

Arbitrum ATH: $8.67


How to trade, convert or sell Arbitrum

You can convert or sell your ARB with the same exchange you bought it through:
  1. Sign in to the exchange you have ARB on.
  2. If you store your Arbitrum in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of ARB you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Arbitrum.
  6. Complete your transaction and move your ARB to a wallet for storage.
  1. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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