This page covers the process of buying Ark in-depth. If you are interested in learning about Ark Wallets, check our detailed Ark wallets page.
Step 1: Aquire Bitcoin or Ethereum
There are several exchanges that you can buy Bitcoin and Ethereum on.
Ark can only be purchased with Ethereum and Bitcoin, so in order to obtain it, we must buy Bitcoin or Ethereum, and then send it to an exchange where Ark is sold.
Bitcoin and Ethereum Exchanges
Coinbase is a very beginner friendly US based exchange, that sells cryptocurrency to most countries and all US states. Expect a 1.49% fee on bank transfer purchases, and a 3.99% fee for credit and debit purchases.
Coinmama is another option that focuses on credit and debit card purchases. Coinmama is great because they have higher debit and credit card purchasing limits than Coinbase, as well as instant delivery. Coinmama’s fees are around 5.5%.
LocalBitcoins is a person to person exchange, meaning that anyone can use it. There are no limits, or verification needed. It uses escrow to make sure that both parties recieve payment.
Gemini is another US based exchange, that allows its users to buy Bitcoin and Ethereum via bank transfers, credit cards, and debit cards.
Bitpanda is an exchange that also focuses on credit and debit card purchases. Their fees are between 3%-4%, and only sells Bitcoin and Ethereum to European countries.
Step 2: Sending your Bitcoin or Ethereum
|Binance||Everywhere||.05% (Very Low)|
After you have your Bitcoin/Ethereum, you will need to move it to a cryptocurrency exchange where Ark is sold. I would highly reccomend Binance as they are really easy to use, and have the lowest fees out there.
Before we can send our currency to the next exchange, we will need locate that exchanges deposit address.
Finding your Binance Deposit Address
This can be found by going to the navigation bar, mousing over “Funds” and clicking Deposit Withdrawals. This page has the deposit addresses for every coin on their exchange.
Find your Bitcoin or Ethereum deposit address, depending on what currency you purchased, and copy the address.
Finding your Cryptopia Deposit Address
If you decide to use Cryptopia to purchase Ark, you will need locate your Cryptopia deposit address.
This can be found on Cryptopia by mousing over the Bitcoin icon next to your account name, and clicking deposit.
Cryptopia only has Bitcoin pairs, so we need to locate our Bitcoin deposit address.
Now that we have our deposit address, we will need to send it from Coinbase.
Click the send tab as seen below, and enter it into the recipient box. Click confirm and wait for your currency to arrive to Cryptopia!
Sending to a Secondary Exchange
Now that we have our deposit address, we will need to send it from Coinbase or whatever exchange your Bitcoin/Ethereum was purchased on. Click the send tab as seen below, and enter it into the recipient box. Click confirm and wait for your currency to arrive to the exchange you decided to use.
Sending from Coinbase
Expect your Bitcoin to arrive to the exchange in around 20 minutes. Ethereum should arrive to your exchange in around 10 minutes.
If either of these take longer, do not be alarmed, depending on the amount of transactions on the network, it will take more or less time.
Buy some Ark!
After your cryptocurrency arrives, you now have a balance to purchase Ark with. Head to the cooresponding exchange page depending on what currency you purchased:
How to Buy Ark on Binance
Once on the correct page, click the market tab, and enter the amount of Ark you would like to purchase. You can only purchase as much Ark as your balance allows. You can click the 100% button to buy the MAX amount of Ark that your balance allows.
Step 3: How to Store your Ark, Securely!
Check out our in-depth Ark Wallets Guide.
Ark can be stored on several wallets, as it is one of more popular cryptocurrencies. I would reccomend using the Ledger Nano S, a secure hardware wallet, or the Offical Ark Desktop Wallet. Both are great choices, and allow the staking of Ark to earn free coins.
Expect around 10% returns yearly from staking Ark!
How to Buy Ark with Credit and Debit Card
Ark is not currently listed on a fiat to crypto exchange. This means that in order to obtain it, we will need to buy Bitcoin or Ethereum using a debit and credit card, and then send it to a crypto to crypto exchange. such as Binance
How to Buy Ark with Bank Transfer
Just like credit and debit cards, the best way to obtain Ark with a bank transfer, is by purchasing Bitcoin or Ethereum from a fiat to crypto exchange such as Coinbase, and then sending the purchased cryptocurrency to Binance, where Ark is sold.
This process will be explained below with clear pictures and steps.
Buy Ark with PayPal
Due to Paypal’s chargeback feature, buying Ark with paypal takes a few extra steps. The exchange VirWoX allows you to convert paypal balance into Bitcoin. Read our tutorial on this conversion. Once you have obtained Bitcoin, you can send it to Binance just like the above example!
Can I Buy Ark on Coinbase?
At the time of this writing, Coinbase does not sell Ark. There have been several rumors however, and many think that in early 2018 we will see several new coins, including Ark, added to Coinbase. If you are interested in buying Ark, just follow the steps above! You can trade Bitcoin’s for Ark on Binance. If you don’t own any Bitcoin, use Coinbase!
How do I Mine Ark?
Ark can not be mined, as it uses a delegated proof of stake system. Learn how to stake your Ark in the section below to earn free Ark!
How to get FREE Ark
Unlike most cryptocurrencies, ARK has no mining system. They have a staking system. In this system, you vote for a delegate, with only 51 of them being active. These delegates confirm transactions to help and are rewarded 2 ARK per block, plus other fees. These fees include transaction fees, voting fees, delegate registraion fees and lastly 2nd Passphrase registration fees.
At the time of this writing, transactions fees are .1 ARK, delegate registraion is 25 ARK, 2nd Passphrase registration is 5 ARK, and voting and unvoting fees are 1 ARK. The ARK team plans to lower these in the future. When voting for a delegate, your vote is worth a proportional amount to the ark you hold. The more ark you stake with, the more you receive from your delegate!
I choose to stake with Jarunik as he has good rewards, and is active in the ARK Reddit Community.
If you would like to calculate how much ARK you would earn from staking, try this spreadsheet. Enter your amount of ark in the top box and it will show an estimate return for each delegate. There are other benefits such as payout so make sure to choose carefully. Read more about forging here.