How & where to buy Ark (ARK) online
By the end of this page, you will have a clear understanding of how to purchase or trade ARK tokens. We elaborate on the differences between investing and trading, the best places to buy ARK coin online, and provide all of the pros, cons, and key considerations that you need to take into account. Read on to get started.
What are the best exchanges to buy Ark on?Copy link to section
If you want to cut to the chase and purchase Ark crypto immediately, simply click on any of the platforms that are listed below. These are our recommended options thanks to their low fees, reliability and general ease of use. Otherwise, to keep learning about ARK, keep scrolling.
How to buy Ark online – a step-by-step guideCopy link to section
Step 1. Find an exchangeCopy link to section
The fastest and most convenient way to purchase any cryptocurrency is by signing up to an online exchange, depositing funds and purchasing coins outright. These are effectively giant marketplaces where crypto investors can buy and sell tokens like ARK, and they usually have favourable fee structures.
Below, we have listed our two tops picks along with links to the relevant review, a brief description of what they have to offer, and a sign-up link:
- Binance: Binance is the most popular cryptocurrency exchange on the planet. With a huge community and a proven track record of high-quality service, it is a good option for anyone looking to get involved in crypto. Sign up with Binance >
- KuCoin: This is a growing cryptocurrency exchange with a loyal community behind it. It supports a wide variety of digital assets and is a strong choice for beginners and experts alike. Join Kucoin now >
Step 2. Sign up and fund your accountCopy link to section
Once you have chosen the exchange you want to use, it is time to complete the sign-up process and also add funds to your account. To do this, follow the on-screen prompts and provide any contact details that are requested of you. In addition, you may need to provide a copy of your photo ID to prove your identity.
To fund your account, start by checking which different payment mediums are supported by your exchange. In some cases, they will accept fiat money like USD or GBP from a bank transfer. However, in others, you will need to add a cryptocurrency like Bitcoin from your wallet. If this is the case, get some BTC from a major exchange like Coinbase and send them to your wallet.
Step 3. PurchaseCopy link to section
Now your account is primed and ready to execute a transaction, you can get the number of ARK tokens that you desire. Simply search for ARK in the search tab of your exchange, choose the number of coins you want, check you are happy with the going market price and incurred fees, then execute your transaction.
Step 4. (Optional) Get a suitable walletCopy link to section
If you are planning in holding Ark tokens for the long term, or if you simply want to enhance the security of your funds, opening a crypto wallet to store your coins could be a smart move. Here are a few of our favourites:
- Ledger Nano S: A leading physical wallet, Ledger Nano S allows you to store your cryptocurrencies completely offline in a device akin to a USB stick. Get the Ledger Nano S now >
- CoolWallet: CoolWallet combines the best aspects of hardware and digital wallets, providing you with the security of physical storage with the convenience of digital access. Sign up with Coolwallet >
How to trade Ark – a step-by-step guideCopy link to section
Step 1. Find a brokerCopy link to section
Trading is usually best facilitated via an online broker, though given the currently small scale of the Ark project, it is not currently listed by any brokers. However, this may change as ther coin gains popularity. If it does happen, expect a major crypto broker like eToro to support ARK first.
Step 2. Create an account and deposit moneyCopy link to section
As is the case with exchanges, you need to create an account and validate it to use a broker. Do this by providing all of the contact details that are requested and adding a source of funds. Some brokers will accept fiat money from a bank transfer, while others may even accept PayPal providing added flexibility to the process.
Step 3. Learn how to perform technical analysisCopy link to section
Technical analysis is the key to unlocking any good trading strategy. Make sure you complete our short-term trading course to gain a firm understanding of it. It is essentially the process of reading charts and analysing the market to detect sentiment shifts, trends and technical indicators.
Step 4. Decide whether to go long or shortCopy link to section
There are two ways you can approach trading ARK coin. First, you can go long in the belief the coin will rise in price. Second, you can go short in the belief it will fall in value. Both strategies can be highly effective in different market conditions, though your research will need to be careful and thorough to give you the best chance of choosing the right option.
Step 5. Start tradingCopy link to section
Now your account is funded, locked in and ready to go, you can start trading. However, before you use real money, we highly recommend making use of the demo account feature that is offered by most major brokers. This will allow you to test your strategies and gain experience without risking real money.
Should I invest in Ark?Copy link to section
Ark aims to make blockchain technology simple, accessible and customisable. If you believe in the credentials of the project, it could be worth investing in, though it is important to be aware of the fact that cryptocurrencies are volatile and risky investments.
In addition, broader market conditions can make things even more difficult to predict. Essentially, in a bear market, when prices are falling, an altcoin like Ark is highly likely to follow this downwards trajectory. By contrast, in a bull market, cryptocurrency prices will broadly be on the up, so investing in Ark will make more sense.
While there is some hype driving momentum behind the Ark project, and a small community has been established, it remains to be seen if this cryptocurrency can take things to the next level.
Still undecided?Copy link to section
ProsCopy link to section
- Ark is more secure than most cryptos
- Easy to use and highly accessible with a pleasant user interface
- Anonymous transactions
- Supports several programming languages
- Fairly low network operating costs
- Proof-of-stake (PoS) consensus solves some of the issues associated with proof-of-work (PoW)
- Allows blockchain to integrate into everyday life and the Ark blockchain is easily duplicated for companies
Before we conclude this guide, here are three key questions to help you decide whether to invest in Ark.
1. Is now a good time to buy Ark?Copy link to section
This comes down to a key question: what kind of investor are you? If you are someone who likes to get in early by purchasing an asset and holding it for the long term, Ark could be a good option. If you can get in now while the price is more favourable, its mainstream credentials and promise to help foster blockchain adoption could lead to price accretion.
Short-term traders are also likely to be interested in ARK coin because it is an early-stage, volatile cryptocurrency that could present plenty of options to buy low and sell high or vice versa.
Regardless of the method you choose to utilise, there is one thing that is crucial when seeking exposure to the price of Ark: being informed. You can stay up to date with the latest analysis of the project by clicking any of the links we have included below:
2. What problem does Ark solve, and what are its investment prospects?Copy link to section
According to the white paper, Ark is designed to make blockchain accessible to the greatest number of people by developing fast and secure technology with services. This makes blockchain much more concretely usable for real people and real-world applications.
Blockchain can seem technically intimidating to the masses, and this can prevent its many virtues from rising to the surface. Ark removes this complication and provides the basis for a clearer, simpler blockchain-based future. However, it has an enormous amount of competition to fend off if it is to achieve true success, and the principle of a 51-person consensus could lead to some real issues somewhere down the line.
For the latest news on the Ark.io ecosystem, and to enhance your awareness of current developments affecting the crypto space, click on any of our top news pieces below:
Ark cryptocurrency on the rise, up 122% in a week; here’s why
3. Do you want to hold Ark for the long term?Copy link to section
You can hold Ark for the long term or trade it in the short term. There are two distinct sets of considerations you need to make for each of these strategies. We have outlined them below.
Considerations for a long term investment strategy
If purchasing and holding Ark for the long term appeals to you, focus your energy on finding a trustworthy exchange so you can purchase your desired number of coins quickly and easily. Then, it might be a good idea to choose a crypto wallet because this can improve the level of protection your newly purchase coins have from online attacks and fraud.
Considerations for a short term trading strategy
If you want to trade Ark and don’t plan on holding coins for that long at any given time, finding a low-fee broker is crucial. If fees are too high, your regular incurment of them will hamper your trading profits.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >