Buy Ark Token in India — Step by Step Guide for Beginners
By: Rinkesh Jha
Tags: Beginner, Guides And Tutorials, How To, Buy Ark Token In India, Cryptocurrency

What is Ark ?

Ark is a cryptocurrency that’s focusing on interoperability and user adoption. The ARK team wants to create a sandbox development kit that makes deploying your own blockchain easy and efficient, and they want their platform to be used as a bridge between various blockchains.

Ark is a decentralized system designed to increase user adoption of blockchain technology. The Ark Crew, the self-named development team, has outlined clearly in their whitepaper that they plan on bringing blockchain to the masses by building “A Fast Secure Core Technology” with “Practical Services for Real People.”

Key elements of Ark include:

Support

We provide the tools and resources that enable individuals, developers and startups to apply blockchain technology as a foundation for their own projects, applications and ideas. Leverage

ARK empowers everyone, regardless of their aim or technical background, to quickly and easily leverage blockchain technology. Interoperability

Ark is steadily working to bring interoperability and usability to the blockchain industry. The Crew realizes that bringing a complex idea like blockchain technology to the public eye has to start with exemplary design.

How to Buy Ark Token in India?

Ark token can be bought through on our marketplace, or converted from major digital currencies on our cryptocurrency conversion service. This means you can buy ARK with INR, ZAR, EUR, NGN, GBP, AUD and many more.

Supporting 25 countries including INR, ARK can be bought using the most convenient local payment method; including bank transfers, PayPal, TransferWise, supported fiat deposits and direct deposits.

Buy Ark in India — Step by Step Guide For Beginners

BuyUcoin is an exchange that provides buying and to Selling Ark token in India as well as other cryptocurrencies. Below is a step by step guide to buy Ark token via BuyUcoin:

Step 1 — Open a Digital Wallet

A digital wallet is where you hold your cryptocurrencies and interacts others via the blockchain technology. There are many providers of digital wallets, however, it is important to make a deep research before you decide which one is the best for you. Currently, the most popular digital wallets provider is BuyUcoin.

Step 2 — Register & Open an Account

Once you enter buyucoin/signup, register and open an account that can provide you with their service. Select the type of your account either individual or corporate. Select your country and agree the terms and conditions to register your account for crypto trading.

Open Ark Token wallet on BuyUcoin

Step 3 — Complete KYC

KYC and AML is mandatory for Indian jurisdition. Your data is save and encrypted and is stored in Indian data centers only. You will be redirected to a different URL to complete your KYC. Please be ready with your recent selfie. You will need the images of your pan card. You will need the mobile number with you which is linked with your Aadhar.

Step 4 — Google 2 step Verification

To use 2FA you will have to install an Authenticator app on your smartphone or tablet. Once enabled you will be asked to provide an additional six-digit one-time password along with your email and password every time you login to your BF account. This works only when signing in with email and password. When using Facebook or LinkedIn you can enable 2FA with your social media provider settings.

For security purpose, enabled google 2fa

Step 5 — Add Bank details

Add the credentials of your bank name, holder account name followed by account number and IFSC code details.

Add bank account for buy ark token with INR in buyucoin.

Trade Ark Token in India

ARK token price is up 2.3% in the last 24 hours. It has a circulating supply of 150 Million coins and a max supply of ∞ coins. Bittrex is the current most active market trading it. In order to explore addresses and transactions, you may use block explorers.

Can I Use Regular Money to Buy Ark Token?

Yes, you can use INR to buy ARK token. Some cryptocurrencies aim to become valuable through rarity and limited supply. ARK aims to become valuable by being extraordinarily useful and widely available. It’s a complete system rather than just a token. It has a lot of defining features, but the main one is probably its bridging chains.

These let the ARK system connect with existing blockchains such as Ethereum and endless others that have yet to be created. These bridging chains let ARK adapt to include new features over time and bring the most useful elements of other blockchains into its own ecosystem.

Getting a Ark Token Wallet

The ARK desktop and mobile wallets are highly secure. The intuitive user interface makes them quick and easy to use. Plus, with 8-second block times, you can even see your transactions occur in real-time.

All this means the ARK Wallet is one of the best cryptocurrency wallets out there. Whether you’re checking your balance, sending & receiving funds or voting for your preferred delegate — ARK wallets make it as easy as possible.

Ark Exchanges in India

Buy ARK directly from the ARK Desktop Wallet or through one of 20+ exchanges supplying ARK tokens using BTC, ETH or other trading pairs. If they continue to accomplish everything on their audacious roadmap, there’s no doubt that this ecosystem could be one of the most influential catalysts of blockchain technology adoption.

Ark Mining

Ark operates using a consensus algorithm. Unlike Bitcoin, in which miners secure network transactions, delegates secure the Ark network. There are hundreds of potential delegates, but token holders continuously vote on the 51 that get to be an active, forging delegates.

As a token holder, you’re only allowed to vote for one delegate at a time. The fee to vote/unvote is just 1 ARK with plans to soon decrease this fee to 0.02. So. it’s advantageous to at least vote once for a delegate you support. The more ARK tokens you own, the more powerful your vote.

Reputable delegates have written proposals in which they document how they operate. Many of the popular ones include profit sharing from the rewards they receive when they forge new blocks. If you vote for a delegate with profit sharing, you effectively get dividends over time.

Other delegates run with the intention to fund development projects, giving voters an equity stake, or provide services on applications that may be unprofitable otherwise. With your vote, the choice is entirely your own. The network was launched with 125 million ARK in the genesis (first) block.

Conclusion

No matter which wallet you choose, we highly recommend that you vote for a delegate. It only cost 1 ARK (less than $1 at the time of this writing). You can use your vote to support a delegate who’ll payout dividends from their block rewards or one who’s working on a cool project that you want to support.