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Arbitrum is a Layer 2 solution for Ethereum. It leverages Ethereum’s security while enhancing transaction throughput and also reduces fees. It thus helps alleviate network congestion. In the DeFi space, Arbitrum has become one of the most recommended chains along with token $ARB that has experienced around 120% surge in the last 6 months.
When talking about the chain and the token, the next thing that comes is the supported wallets. This article covers a brief analysis on the best Arbitrum wallets in 2024.
MetaMask is the go-to wallet for Ethereum and other EVM compatible networks, including Arbitrum. It is available as a browser extension and mobile app. The wallet has been integrated with Arbitrum since August 2021. This helps enable token transfers across tiers and access to diverse Arbitrum DApps, including popular NFT markets like OpenSea, Rarible, and SuperRare.
Ledger is a widely popular and highly secure hardware crypto wallet. It has been supporting Arbitrum since November 2021. It also ensures the highest level of protection against cyber threats. The wallet allows the users to interact with DApps on Arbitrum and various other networks.
Argent is a smart wallet for Ethereum. It focuses on security, simplicity, and zero transaction fees. It also has some advanced security features and insurance for funds, making it a preferred choice over other wallets. Argent has been supporting Arbitrum since November 2021. It also allows users to use their phone number as their wallet address. Furthermore, the users may also conduct feeless transactions on Arbitrum via Argent wallet.
Coinbase Wallet offers an easy approach to Ethereum and other cryptocurrencies. It features advanced security measures and insurance for funds. This ensures an enhanced popularity of the wallet among users. The wallet has also been supporting Arbitrum since September 2021. It also facilitates token transfers and access to various DApps on the network.
Trust Wallet offers simple and interactive access to transactions over Ethereum and other cryptocurrencies. It is associated with the Binance platform. It comes with advanced security features and offers enhanced user satisfaction. The wallet has been supporting Arbitrum since August 2021. This enables seamless token transfers and access to DApps on the network.
Rainbow is a visually appealing Ethereum wallet exclusively for iOS devices. It includes advanced security features like biometric authentication and PIN protection. The wallet also prioritizes user data security and has insurance for funds in place. Rainbow has been supporting Arbitrum since September 2021. It is also widely renowned for providing an intuitive interface for managing tokens, NFTs, and DeFi protocols on the network.
Trezor is another hardware cryptocurrency wallet. It is well-known for its strong security measures. It has been supporting the Arbitrum network since November 2021. The wallet also ensures secure token management and interaction with DApps on the Arbitrum network.
Arbitrum has been on the rise with its innovative Rollup technology. It marks a significant milestone in Ethereum’s scalability. As numerous projects stack over the Arbitrum network, the choice of a suitable wallet becomes essential. Each wallet has its strengths and weaknesses. Thus, it requires the users to conduct thorough research and find the wallet that suits their needs.
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Arbitrum is a Layer 2 solution for Ethereum with higher transaction throughput. It can handle up to 40,000 transactions per second.
Yes, you can store Arbitrum tokens on Ledger hardware wallets.
Hardware wallets like Ledger and Trezor offer the highest level of security for storing crypto, including $ARB. They provide full control over private keys, safeguarding users’ assets against cyber threats.
The above-mentioned wallets implement various security measures to protect users’ funds. These may include biometric authentication, PIN protection, encryption protocols, and hardware-based key storage. Some also offer insurance for funds, adding an extra layer of security for users.
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