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Arbitrum (ARB)

What is Arbitrum One?​

Here are five key points about Arbitrum:

Arbitrum is a layer 2 scaling solution for Ethereum that uses Optimistic Rollups to improve speed and reduce costs.

Transactions are processed off-chain and then settled on Ethereum, combining high throughput with the security of the Ethereum mainnet.

Arbitrum reduces transaction fees significantly compared to Ethereum, while maintaining compatibility with Ethereum smart contracts and dApps.

Arbitrum ETH is the gas currency used to pay for transactions on the Arbitrum network.

ARB, the governance token of Arbitrum, gives holders voting rights in the Arbitrum DAO to influence upgrades and protocol decisions.

Tip: Learn more by reading our guide: What is the Arbitrum blockchain?

Arbitrum on Wraith Wallet​

Wraith Wallet fully supports Arbitrum, offering:

Buy Arbitrum ETH and ARB with debit or credit cards.

Store ARB, ETH, and ERC20 tokens securely with self-custody.

Send and receive ARB, ETH, and ERC20 tokens directly.

Swap between Arbitrum ETH and ERC20 tokens.

Receiving assets on Arbitrum​

Tap Receive in Wraith Wallet and select ARB or ETH.

Copy your Arbitrum address to share with the sender.

Always send only Arbitrum-based assets to this address to avoid loss of funds.

Sending assets on Arbitrum​

Tap Send in Wraith Wallet.

Enter the recipient’s Arbitrum address or scan their QR code.

Input the amount of ARB, ETH, or ERC20 tokens to send.

Ensure you hold enough Arbitrum ETH to cover gas fees before confirming the transaction.

Transaction fees on Arbitrum​

Fees are paid in Arbitrum ETH.

They are generally much lower than Ethereum mainnet fees.

Transaction costs depend on network demand and contract complexity.

Checking balances​

Wraith Wallet connects to the Arbitrum blockchain to display balances for ARB, ETH, and ERC20 tokens.

Tap the three dots in your wallet and select View address on ArbiScan.

ArbiScan is the default Arbitrum explorer integrated into Wraith Wallet.

Why use Wraith Wallet for Arbitrum?​

Low-cost transactions: Benefit from Arbitrum’s scalability and low fees while managing your assets securely.

Full control: A self-custodial wallet ensures you hold your private keys and maintain control over your funds.

Seamless integration: Easily interact with Ethereum-compatible dApps, tokens, and DeFi platforms.

Conclusion Arbitrum brings scalability and efficiency to Ethereum with Optimistic Rollups, enabling fast and affordable transactions. With Wraith Wallet, you can manage ARB, ETH, and ERC20 tokens securely, participate in governance, and enjoy cheaper, faster blockchain interactions.

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