Do you hold ETH on the Arbitrum chain and want to sell it? In this article, we will guide you on how to sell ETH easily and safely on Arbitrum via BitcoinVN with low transaction fees. Let’s explore how to do this!

What is Arbitrum?

Arbitrum is a layer 2 scaling solution for the Ethereum blockchain. It uses Optimistic Rollup technology to process transactions off-chain, which increases transaction speed and reduces costs compared to the main Ethereum network.

Arbitrum has two main solutions:

  • Arbitrum One: This is an Optimistic Rollup solution for the DeFi and NFT markets.
  • Arbitrum Nitro: This is an upgrade to Arbitrum One, offering better performance and lower transaction fees.

Why should you conduct transactions on Arbitrum?

  • Faster transaction speed: Arbitrum can process thousands of transactions per second, which is much faster than Ethereum.
  • Low transaction fees: Transaction fees on Arbitrum are much lower than on Ethereum.
  • Compatibility: Arbitrum is compatible with Ethereum smart contracts, meaning that DeFi and NFT projects can easily switch to Arbitrum.
  • Security: Arbitrum is secured by the Ethereum network, ensuring the safety of user assets.

How to sell ETH on Arbitrum via BitcoinVN

To sell ETH on Arbitrum via BitcoinVN, please follow these steps:

  • Step 1: Go to the BitcoinVN website.
  • Step 2: In the “You Send” section where the USDT logo is displayed, click on it and then select “ETH”. Make sure that the chain you choose to trade is “Arbitrum”  which is written in small letters after ETH.

  • Step 3: In the “You Receive” section where the VND logo is displayed, click on it and select the type of currency you want to receive (fiat or other cryptocurrencies). In this article, we will use VND as an example.

  • Step 4: Enter the amount of ETH you want to sell. The corresponding VND amount you will receive will be displayed in the “VND” section. Then enter the required information and finally click “Swap” to proceed with the transaction.

Why should I trade on BitcoinVN?

  • Long-standing and reputable operation: BitcoinVN has been operating since 2014, making it one of the first cryptocurrency exchanges in Vietnam.
  • Large trading volume: BitcoinVN is one of the most popular instant cryptocurrency exchanges in South East Asia, ensuring high liquidity for your transactions.
  • Intuitive and easy-to-use interface: BitcoinVN’s interface is designed to be simple and easy to use, suitable for both beginners and experienced traders.
  • Support for a variety of cryptocurrencies: BitcoinVN supports over 89 popular cryptocurrencies, meeting the diverse needs of investors.
  • High security: BitcoinVN applies the most advanced security measures to protect user accounts, including 2FA, KYC, and AML policies, to protect users from fraud.
  • Professional customer support service: BitcoinVN has a team of dedicated and attentive customer support staff available which can provide professional support in English and Vietnamese.
  • Support for multiple payment methods: BitcoinVN supports various convenient payment methods for users, such as domestic VND bank wire, cash withdrawals or funding via Paysend and Wise transfers.
  • Inhouse technology: The BitcoinVN platform is developed inhouse by a team of experienced Bitcoin and Cryptocurrency veterans with over a decade of experience by each founding member.

You can find out more reasons here: https://bitcoinvn.io/news/how-can-i-trust-bitcoinvn/ 

Conclusion

In this article, we have guided you through each step of how to sell ETH on Arbitrum via BitcoinVN in an easy and safe way. If you have any questions or problems during the transaction, please do not hesitate to contact us via email at support@bitcoinvn.io for advice and support.

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