In this post, I will show you how to by Arbitrum using Kucoin. This new coin is highly volatile since it’s launched, and I don’t recommend buying until this activity has settled down.
Cryptocurrency investments can be highly volatile and may lead to significant financial losses. Cryptocurrency prices can fluctuate rapidly, with dramatic price swings in hours or minutes. The crypto market is largely unregulated, meaning there is no guarantee of protection for investors. There have been many cases of fraud, hacking, and scams in the crypto space, so it is crucial to be vigilant and do your due diligence before investing.
Before you Buy Arbitrum, Here some research links
ETH Contract: 0xB50721BCf8d664c30412Cfbc6cf7a15145234ad1
Create Kucoin Account
Go to the Kucoin website and create an account. Once your account is set up, you can then fund it using a variety of options.
Select the method that works best for you, and then select the USDT token. Fee’s associate with this transaction will be listed below.
Fund Trading Account
Now that we have funded our account, we must transfer it into our Trading account. First, you will see the Assets Overview page from the Main dashboard. Then, below Main Account, select the Transfer option.
Here you will be able to move your fund to the Trading account. You can move all or some.
Start Trading Arbitrum
In the Trade menu at the top, select the Spot Trading option, which will take you to the trading platform.
At the top, we want to search for our trading pair. Type in ARB, and you will find ARB/USDT as a pair listed. Select the pair.
We will select the SPOT tab and the sub-menu MARKET option in the bottom right corner. This option will allow us to trade at the best market price while actively trading.
Enter the amount of USDT you want to use in your purchase, and click the BUY button.
This will submit your request, and your order will fill as the volume on the pair continues to move.
You can now exit the trading platform window and head to your Trading Account wallet. Here you will find the Arbitrum tokens. You can directly send the tokens to your private wallet and keep them here until you are ready to sell.
I highly recommend always moving your tokens or coins into your personal wallet, such as Exodus, if you plan to hold them. Exchanges in general, do not guarantee access. So by moving crypto to your wallet, you will always be in control.