Arbitrum Wallet
The Arbitrum Wallet is your gateway to a secure, swift, self-custodial and cost-efficient crypto trading experience on Monitok. It’s a reliable place to hold your crypto assets and interact with the Arbitrum blockchain.
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What Makes Arbitrum Different?
Some of the key advantages of using Arbitrum
Lightning-Fast Transaction Speed
Arbitrum significantly improves the speed of transactions on the Ethereum blockchain through its Layer 2 scaling solution. By utilizing Optimistic Rollups, it performs transactions off the main network and verifies them in batches, ensuring quicker transactions.
Low Transaction Fees
One of the standout features of Arbitrum is its ability to drastically reduce transaction fees. While transactions on the Ethereum network can cost a few dollars, Arbitrum's innovative technology lowers these fees to just a couple of cents, making it a cost-effective choice for users.
Scalability
Arbitrum enhances the scalability of the Ethereum blockchain by increasing its transaction capacity. This is achieved by processing transactions off-chain and then publishing a proof of validity to the Ethereum main chain, allowing for a high degree of scalability without compromising on security.
Compatibility with Ethereum
Arbitrum is designed to work in conjunction with the Ethereum main chain, allowing users to run smart contracts on the Ethereum network with less congestion and more privacy. This compatibility ensures that users can leverage the advanced features of Arbitrum while still enjoying the robustness and security of the Ethereum network.
Unleash the Full Spectrum of Arbitrum Wallet on Monitok
Engage in a trading experience that stands out with the Arbitrum Wallet on Monitok. Leveraging Arbitrum’s Layer 2 scaling, Monitok ensures swift, cost-effective transactions. Now, with support for Account Abstraction, interacting with the blockchain is simplified while retaining security on a user-centric HEX platform that values both your time and money.
The support of Arbitrum in the Monitok app also brings along the advantages of Optimistic Rollups, facilitating transactions off the main network and verifying them in batches before committing them back to the main chain. This results in a significant reduction in transaction fees and an increase in the scalability and speed of transactions.
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Early Access to Monitok
Get to try out state of the art hybrid exchange app first
Earn 1M Monitok points
Get points that can be utilised within the app
Referral rewards
Refer friends to earn rewards from $100 000 pool
How to Create an Arbitrum Cryptocurrency Wallet for Efficient Trading?
How to Create an Arbitrum Cryptocurrency Wallet for Efficient Trading?
Monitok is a one-stop-shop for crypto users
Lightning-Fast Transaction Speed
Navigate to your device's app store and download the Monitok app. Follow instruction for a quick & easy setup.
Create an Account
Open the Monitok app, follow the prompts to create an account and wallet. Secure it by saving the wallet's seed phrase and using a strong password.
Prepare for Trading
Start trading efficiently by obtaining or depositing USDC on Arbitrum. You can do that using a credit card or depositing from another wallet.
What Can I Do with an Arbitrum Wallet on Monitok?
Unleash the potential of decentralized trading
Buy Crypto
Purchase a variety of cryptocurrencies to your Arbitrum wallet within the Monitok app with unparalleled quickness & efficiency
Trade Crypto
Exchange your Arbitrum network supported assets for other cryptocurrencies at competitive rates on Monitok.
Send Crypto
Easily send and receive crypto directly from your Arbitrum wallet by simply using your contacts.
Stake Crypto
Stake your assets for high yearly returns effortlessly with Monitok. Staking and earning on Arbitrum have never been easier.
What Assets Can I Deposit to Arbitrum Wallet?
Trade and manage a diverse range of more than 100+ crypto assets available on Arbitrum One network
Join the waitlist to get access
Early Access to Monitok
Get to try out state of the art hybrid exchange app first
Earn 1M Monitok points
Get points that can be utilised within the app
Referral rewards
Refer friends to earn rewards from $100 000 pool
What Can I Do with an Arbitrum Wallet on Monitok?
Uncover the efficiency of Arbitrum on Monitok
The Ultimate Layer 2 Scaling Solution
Arbitrum, a Layer 2 scaling solution, augments the Ethereum blockchain's capacity by handling transactions off the main network, thus accelerating transaction speeds and drastically reducing gas fees. It operates on a distinctive technology known as Optimistic Rollups, where transactions are processed off-chain and then verified in batches before being committed back to the Ethereum main chain. This ingenious mechanism significantly alleviates congestion and enhances scalability, all while ensuring a high degree of security and data integrity.
Arbitrum Rollup
Venture into the realm of Arbitrum Rollups on Monitok and experience a leap in transaction efficiency. This technology rolls up multiple transactions into a single one, streamlining the verification process. With Optimistic Rollups at its core, Arbitrum assumes the validity of transactions, thereby expediting the process. However, in case of discrepancies, there's a dispute resolution mechanism in place, ensuring that the integrity of transactions remains unscathed.
The rollups are settled on a proprietary sidechain, which is essentially a blockchain connected to the main Ethereum chain. After the transactions are settled on this sidechain, the data is relayed back to the Ethereum blockchain, thus maintaining a seamless flow of information and ensuring the accuracy and security of transaction data. This framework not only speeds up transaction processing but also significantly cuts down the associated costs, making your trading endeavors on Monitok more economical and swift.
Frequently asked questions
Should you still have questions about our platforms, look no further
Do I need ETH to use the Arbitrum network on Monitok?
Usually, when moving funds (either ETH or non-ETH) from Ethereum (L1) to Arbitrum (L2), it’s necessary to have ETH in your wallet on the corresponding Arbitrum chain. This is because ETH is the currency used for gas fees on Arbitrum, and all Arbitrum transactions are powered by ETH. However, Monitok uses an account abstracted wallet, which simplifies gas fee payments. To do a transaction on Monitok, all you need is USDC, which is the main coin on the platform, regardless of the network or type of transaction.
What is the estimated cost for Arbitrum gas fees?
What is Arbitrum One?
How to secure Arbitrum digital assets?
- Using reputable and secure wallets.
- Enabling two-factor authentication (2FA) where possible.
- Keeping your private keys and seed phrases secure and offline.
- Regularly updating wallet software to the latest versions.
- Avoiding sharing sensitive information online or with unknown parties.
Do I need to pay a tip / Priority fee for my Arbitrum transactions?
How can I see the balance of my USDC or other assets on my Arbitrum wallet?
What happens if I send my funds to an exchange that does not support Arbitrum?
Does Arbitrum have a mempool?
What's the difference between Arbitrum Rollup and Arbitrum AnyTrust?
How can I check the status of my cross-chain message?
You can check the status of any Arbitrum cross-chain message at the retryable dashboard (https://retryable-dashboard.arbitrum.io/). You’ll need the transaction hash of the “initiating transaction” to check the status.
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