Arbitrum is one of the most popular layer-2 scaling Ethereum applications, which uses optimistic rollups to reduce transaction costs and increase throughput. ARB is the native token of the Arbitrum network, which serves as a means of payment for layer-2 services and as a means of managing the platform.

If you are interested in using Arbitrum and its token ARB, you will need a good wallet that supports Arbitrum and allows you to transfer your funds between Ethereum and the Arbitrum network. Also, if you are interested in NFTs, you will need a wallet that supports NFTs on the Arbitrum network and allows you to buy, sell and trade NFTs on different markets and platforms.

There are many different wallets that support Arbitrum and NFTs, but some of the best are:

MetaMask

MetaMask is the most popular wallet for Ethereum and other EVM compatible networks, which can be installed as a browser extension or mobile application. MetaMask has been supporting Arbitrum since August 2021 and allows users to easily transfer their tokens between tiers and access various Arbitrum DApps, including NFT markets such as OpenSea, Rarible and SuperRare.

The advantages of MetaMask are:

• Easy and quick wallet setup

• Support for multiple networks and currencies

• Integration with many DeFi and NFT DApps

• Security and control over private keys

• The possibility of staking ETH tokens on the Arbitrum network

The disadvantages of MetaMask are:

• Potentially high fees for online transactions

• Need to manually add Arbitrum network in settings

• Need to manually add custom tokens to wallet

• Limited support for hardware wallets

Rainbow

Rainbow is a stylish and colorful wallet for Ethereum, which is only available for iOS devices.Rainbow also offers advanced security features, including biometric authentication, PIN protection, and the ability to store private keys securely on the user’s device.  It also offers insurance for users’ funds, which adds an extra layer of security.  Rainbow has a high user satisfaction rating, with 4.8 stars on the App Store and 4.5 stars on Google Play.  Users praise the wallet for its design, intuitiveness and innovation.  The wallet uses industry standard encryption to protect user data.  Rainbow has reached popularity, with around 1 million users and has been supported by Arbitrum since September 2021, offering users an intuitive interface to manage their tokens, NFTs and DeFi protocols on the Arbitrum network.  Rainbow also supports NFT markets such as OpenSea, Rarible and SuperRare, as well as NFT DApps such as Zora, Foundation and Async Art.  It is available for iOS and Android devices, but not for web browsers.

The advantages of Rainbow are:

• Nice and elegant wallet design

• Support for multiple networks and currencies

• Integration with many DeFi and NFT DApps

• Security and control over private keys

• Ability to stake ETH tokens on the Arbitrum network

The Disadvantages of Rainbow are:

• Unavailability for Android and web devices

• Potentially high fees for online transactions

• Need to manually add Arbitrum network in settings

• Need to manually add custom tokens to wallet

Argent

Argent is a smart wallet for Ethereum, offering users security, simplicity and free transactions. Argent offers advanced security features, including biometric authentication, PIN protection, and the ability to store private keys securely on the user’s device. Argent also has a high user satisfaction rating, with 4.7 stars on the App Store and 4.6 stars on Google Play. Users praise the wallet for its security, simplicity and free transactions. It offers insurance for users’ funds, which adds an extra layer of security. The wallet  uses industry standard encryptions to protect data. Argent has been supporting Arbitrum since November 2021 and allows users to use their phone number as their wallet address, and to send and receive tokens without fees on the Arbitrum network. Argent has reached about 300 thousand users in popularity. It also supports NFT markets such as OpenSea, Rarible and SuperRare, as well as NFT DApps such as Zora, Foundation and Async Art. Argent is available for iOS and Android devices, but not for web browsers.

The advantages of Argent are:

• Simple and quick wallet setup

• Support for multiple networks and currencies

• Integration with many DeFi and NFT DApps

• Security and control over private keys

• Free transactions on the Arbitrum network

• Ability to stake ETH tokens on the Arbitrum network

The disadvantages of Argent are:

• Need for KYC verification to use some features

• Need to manually add Arbitrum network in settings

• Need to manually add custom tokens to wallet

• Limited support for hardware wallets

Coinbase Wallet

Coinbase Wallet is a simple and modern wallet for Ethereum and other cryptocurrencies, which is connected to the Coinbase platform.  Coinbase Wallet offers advanced security features, including biometric authentication, PIN protection, and the ability to store private keys securely on the user’s device.  It also offers insurance for the user’s funds, which adds an extra layer of security.  Coinbase Wallet has a high user satisfaction rating, with 4.6 stars on the App Store and 4.3 stars on Google Play.  Users praise the wallet for its simplicity, support and variety of functions.  The wallet  uses industry standard encryptions to protect user data.  Coinbase Wallet is one of the most popular wallets, with around 5 million users worldwide and has a simple and modern design, which allows users to easily access various DeFi DApps on the Arbitrum network.  Coinbase Wallet supports Arbitrum since September 2021 and allows users to transfer their tokens between Ethereum and the Arbitrum network, as well as access various Arbitrum DApps, including NFT markets such as OpenSea, Rarible and SuperRare.Coinbase Wallet is available for iOS and Android devices  , as well as for web browsers.

The advantages of Coinbase Wallet are:

• Easy and quick wallet setup

• Support for multiple networks and currencies

• Integration with many DeFi and NFT DApps

• Security and control over private keys

• Connection with the Coinbase platform for buying and selling cryptocurrencies

• The possibility of staking ETH tokens on the Arbitrum network

The Disadvantages of Coinbase Wallet are:

• Potentially high fees for online transactions

• Need to manually add Arbitrum network in settings

• Need to manually add custom tokens to wallet

• Limited support for hardware wallets

Trust Wallet

Trust Wallet is a simple and intuitive wallet for Ethereum and other cryptocurrencies, which is connected to the Binance platform. Trust Wallet also offers advanced security functions, including hardware-supported keystore, biometric authentication and PIN protection. The wallet uses advanced encryption to ensure the privacy and security of user data.  and  supports seed phrase for recovery in case of device loss or damage.  Trust Wallet also has a high user satisfaction rating, with 4.7 stars on the App Store and 4.5 stars on Google Play.  Users praise the wallet for its reliability, speed and support.Trust Wallet is a very popular wallet.  Trust Wallet supports Arbitrum as of August 2021 and allows users to easily transfer their tokens between tiers and access various Arbitrum DApps, including NFT markets such as OpenSea, Rarible and SuperRare.Trust Wallet is also available for iOS and Android devices.

The advantages of Trust Wallet are:

• Easy and quick wallet setup

• Support for multiple networks and currencies

• Integration with many DeFi and NFT DApps

• Security and control over private keys

• Connection with the Binance platform for buying and selling cryptocurrencies

• The possibility of staking ETH tokens on the Arbitrum network

The disadvantages of Trust Wallet are:

• Potentially high fees for online transactions

• Need to manually add Arbitrum network in settings

• Need to manually add custom tokens to wallet

• Limited support for hardware wallets

Ledger

Ledger is one of the most secure and reliable hardware cryptocurrency wallets, consisting of a physical device that stores your private keys.  Ledger supports Arbitrum since November 2021 and allows users to transfer their tokens between Ethereum and the Arbitrum network, as well as access various Arbitrum DApps, including NFT markets such as OpenSea, Rarible and SuperRare.

The advantages of Ledger are:

• The highest level of security and protection against hacker attacks

• Support for multiple networks and currencies

• Integration with many DeFi and NFT DApps

• Control over private keys

• The possibility of staking ETH tokens on the Arbitrum network

The disadvantages of Ledger are:

• High price and the need to purchase a hardware device

• Need to connect to a compatible software wallet like MetaMask

• Need to manually add Arbitrum network in settings

• Need to manually add custom tokens to wallet

• Complexity and impracticality for beginners and frequent users

Trezor

Trezor is another popular and secure hardware cryptocurrency wallet, which consists of a physical device that stores your private keys. Trezor has been supporting Arbitrum since November 2021 and allows users to transfer their tokens between Ethereum and the Arbitrum network, as well as access various Arbitrum DApps, including NFT markets such as OpenSea, Rarible and SuperRare.

The advantages of the Trezor are:

• High level of security and protection against hacker attacks

• Support for multiple networks and currencies

• Integration with many DeFi and NFT DApps

• Control over private keys

• Ability to stake ETH tokens on the Arbitrum network

The disadvantages of the Trezor are:

• High price and the need to purchase a hardware device

• Need to connect to a compatible software wallet like MetaMask

• Need to manually add Arbitrum network in settings

• Need to manually add custom tokens to wallet

• Complexity and impracticality for beginners and frequent users

These are just some of the wallets that support Arbitrum, and there are many others such as WalletConnect, Gnosis Safe and Dharma.  Each wallet has its own pros and cons, so it’s important for users to research and choose the one that best suits their needs and preferences.

However, keep in mind that staking and trading cryptocurrencies involves some risk and are not guaranteed ways to earn money, and you may need to take some basic training through MirbInvestments to better understand the possibilities of the crypto space.