How to buy and sell ARKM coins

To purchase ARKM, choose a reputable exchange such as Binance or Coinbase, create an account, fund it, and place an order to buy ARKM at the desired amount and order type.

Nov 16, 2024 at 07:26 pm

How to Buy ARKM (ARK) Coin: A Comprehensive Guide

ARK is a decentralized blockchain platform that aims to enable developers to create their own custom blockchains with ease. The native cryptocurrency of the ARK ecosystem is known as ARKM. If you're interested in investing in or using ARKM, this guide will provide you with a comprehensive overview of how to buy and sell ARKM coins.

1. Choose a Reliable Exchange

The first step to buying ARKM coins is to choose an exchange that offers the cryptocurrency. Several reputable exchanges list ARKM, including:

• Binance
• KuCoin
• Coinbase
• Kraken
• Huobi

These exchanges have robust security measures, high trading volumes, and user-friendly interfaces.

2. Create an Account

Once you've selected an exchange, you need to create an account. This typically involves providing personal information, such as your name, address, and email address. Some exchanges may also require you to complete KYC (Know Your Customer) procedures, which involves verifying your identity using government-issued documents.

3. Fund Your Account

To purchase ARKM coins, you'll need to fund your exchange account. Most exchanges accept a variety of payment methods, such as:

• Bank transfers
• Credit or debit card
• Cryptocurrency

Follow the instructions provided by the exchange to deposit funds successfully.

4. Place an Order

With funds in your account, you can now place an order to buy ARKM. Navigate to the trading page for ARKM and select the type of order you want to place. Common order types include:

• Market Order: Executes immediately at the current market price.
• Limit Order: Specifies a specific price at which you want to buy or sell.
• Stop Order: Triggers a buy or sell order when a certain price level is reached.

Enter the desired amount of ARKM you wish to purchase, select your order type, and click the "Buy" button.

5. Store Your ARKM Securely

Once your ARKM order is executed, the coins will be deposited into your exchange account. However, for added security, it's recommended to store your ARKM in a hardware wallet or software wallet that supports ARKM. Hardware wallets provide the highest level of security, while software wallets offer convenience and ease of access.

6. Sell ARKM Coins

To sell your ARKM coins, follow a similar process:

• Navigate to the trading page for ARKM on your chosen exchange.
• Select the order type you want to place (market, limit, or stop).
• Enter the amount of ARKM you want to sell.
• Click the "Sell" button.

Once your order is executed, your ARKM coins will be sold, and the proceeds will be deposited into your exchange account.

7. Withdrawal to Your Bank Account

If you want to cash out your ARKM profits, you can withdraw them to your bank account.

• Go to the "Withdraw" section of your exchange account.
• Select the type of withdrawal (e.g., bank transfer).
• Enter the amount you want to withdraw.
• Provide your bank account information.
• Confirm the withdrawal.

The withdrawal process may take some time, depending on the exchange and the method chosen.