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A step by step guide on how to buy & store the Ark (ARK) cryptocurrency

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What is Ark?

ARK provides users, developers, and startups with innovative blockchain technologies.

What are ARK coins?

ARK coin. Fast, secure, and stable. Utilizing delegated proof of stake and Practical Byzantine fault tolerance (PBFT) to secure the network.

Important note

This guide is not, and should not be regarded as 'investment advice' or as a 'recommendation' regarding a course of action.

How to buy Ark
Important: Be wary of scammers trying to steal your crypto coins - get into the habit of double checking that URL's look correct in your browser address bar when moving / purchasing / selling cryptocurrency.

Notes: Images can be clicked to see a larger version. If you're confused by any terms used, a glossary can be found here.

1

For this guide we'll be using the official Ark desktop wallet that you can download from the Ark official website here.

Note: Always be sure to double check the URL looks correct when you're clicking any link on any site involving crypto.

Once at the site click 'Download desktop wallet' and you'll be taken to the Ark Github repository.

Download Ark wallet
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At their Github, scroll down until you get to the 'Downloads' section. Select the wallet that will work on your system, for instance:

ArkClient-Macos-1.3.0.dmg - will work on a Mac

ArkClient-Win64-1.3.0.exe - will work on a 64 bit Windows install.

This guide will now continue assuming you're installing on a Windows computer. If you're using a Mac, the process is very similiar.

Ark Github
3

Once you've downloaded the file double click it. You may get a security warning. Click 'Run'.

Your antivirus program may block the installation. If it does, temporarily disable your antivirus program and repeat the install.

Run Ark wallet
Run Ark wallet
4

Arc will now install and open automatically. You'll be presented with information on the coin's price, network etc.

But we're here to create a wallet. So click 'create account'.

Run Ark wallet
5

Now you will be given a powerful passphrase to your wallet. It's very important you copy this down somewhere private and safe. If someone else gets ahold of this password they could potentially open your wallet and take your coins.

Once you've stored the passphrase safely, press next.

Create wallet
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Now Ark will check you copied your passphrase correctly. It will ask you to input random words from your passphrase.

Input the correct words and press 'create'.

Copy passphrase

Important Note: We all hear of computers and phones being hacked. Websites running illicit code to steal passwords. Phishers tricking people into clicking links that steal information from their computers.

Another line of defence to keep our coins from being siphoned out of our wallets is essential.

And that's a hardware wallet.

Hardware wallets plug into your computer like a USB stick, and they have one job- to be a firewall between your coins and the outside world.

To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and move your coins.

Where do I get a hardware wallet?
Our recommendation is to purchase from the specialist company Ledger, from their official website.

Their basic model, the Nano S, makes it easy to manage your coins- it's compact and discreet, and wallet management is achieved through a small LCD screen and two buttons.

Ledger Nano S

Their cutting-edge Ledger Blue is more impressive, allowing you to handle your coins with a pad-like interface, and is regarded as the most advanced product on the market.

Ledger Blue

Once you have your Ledger, here's a step by step guide to setting it up.

7

Your wallet is now open, and we can see your personal wallet address (a long string of letters and numbers).

Click the wallet address. Clicking it will copy it onto your clipboard. Paste a copy of it somewhere safe, as we'll need it later.

Ark wallet address
8

Now we'll purchase the popular cryptocurrency Bitcoin, so that we can exchange it for Ark (if you already own Bitcoin you can skip ahead).

Choose which exchange you'd like to use to do this, and the guide will continue:

#
Coinbase
Operates in 32 countries.
#
Cex.io
Worldwide coverage, 99% of countries.
There are also some other exchanges listed here.
9

If you use this link to sign up to Coinbase we'll both receive ten dollars of free coins when you spend over $100 (or the equivalent in your currency).

Coinbase
10

Press the 'sign up' button and fill out your name (make sure this is exactly how it's written on your photo ID), email, password and location.

Just like a US bank, Coinbase is regulated by the US government, and has to follow strict financial rules. So they take verifying your identity very seriously. It's a pain, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency.

Signing up to Coinbase
11

To verify your account you must supply a phone number, upload an image of your photo ID and verify a credit/debit card or bank account before you can buy.

Using a credit/debit card means higher fees but offers instant purchasing. Using a bank transfer is cheaper but slower (taking up to a week to get your coins).

Signing up to Coinbase
12

Once your payment details are verified, click 'buy/sell' on the top menu.

Select 'Bitcoin', and at the bottom of the page choose how much to spend in your local currency / how many coins you want to buy.

Once you're happy with the amount, click the big 'Buy' button.

Buying Bitcoin on Coinbase
13

You'll be asked to confirm your purchase.

Press the 'Confirm Buy' button.

Congratulations! You now own some Bitcoin. But don't close Coinbase yet, we're going to need it again in a few minutes.

Confirm buying Bitcoin on Coinbase
9

Click here to go to Cex.io

Click the 'Register' button along the top menu.

Cex.io
10

Enter your email address and a secure password. Click the checkbox to agree to the terms.

Click 'Register'.

Signing up to Cex.io
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You will now be asked to set up 2-factor authentication for your new account. It is strongly advised not to skip this step, as 2-factor authentication makes your account far more secure.

We recommend using the 'Smartphone App' option.

Signing up to Cex.io
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Once your security has been set up, you'll be taken to your account dashboard.

Before we do anything else, head on over to your personal email account- there will be an email from Cex.io asking you to click a link to verify your account. Click it.

You will be taken to a page telling you your email has been confirmed. Click 'Go back to the site'.

Signing up to Cex.io
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Look for your user ID in the top menu, hover your mouse over it and in the drop down menu click 'Verification'.

Signing up to Cex.io
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Every exchange that lets your buy cryptocurrencies for cash require you to verify your identification before doing so.

Complete the Cex.io verification process by supplying your personal information and uploading your ID.

Signing up to Cex.io
15

Once you're verified, click the 'Deposit' button along the top menu.

You now get to choose how you'd like to deposit money:

Via credit/debit card

If you choose credit/debit card you can buy instantly, but you pay commission on the money you deposit.

Via bank transfer

This option takes a few days for the transfer to arrive but has no commission fees.

Choose the method you prefer and follow the instructions to deposit your money.

Signing up to Cex.io
16

Once your money is in your account, click 'BUY/SELL' on the top menu.

Choose 'BTC' and the currency you'd like to buy it in (Dollars, Euros, Pounds or Rubles).

You will be offered some precalculated amounts of Bitcoin, or you can scroll to the bottom of the page and input the amount of Bitcoin you'd like to buy in the 'Custom amount' box.

Once you've decided, click 'Buy'.

Signing up to Cex.io
17

You'll be asked to confirm your buy.

Check everything looks correct and click 'Confirm the order'.

Signing up to Cex.io
18

Congratulations- you now own some Bitcoin!

Press 'Ok'.

Signing up to Cex.io
14
19

We'll use the site Binance to exchange your Bitcoin for Ark.

Click here to go to Binance, and click 'Register' on the top right menu.

Binance exchange
15
20

Enter your email and a strong password (that you won't forget!).

Click 'Register'.

Setting up a Binance account
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21

You will be sent an email to confirm your email address.

Click the link in the email.

Setting up a Binance account
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22

You will be taken back to Binance as your email is confirmed.

Press 'Login'.

On the login form, enter the email and password you just used to sign up, then press 'Login'.

Setting up a Binance account
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23

A pop-up will advise you to set up 2FA (two factor authentication) on your account.

We strongly advise you to do this- in the event a hacker manages to get hold of your password, this second level of security makes it very unlikely they will be able to get into your Binance account.

We recommend using the Google Auth app on your mobile phone, as it's the most secure 2FA available.

Setting up a Binance account
19
24

Hover your mouse over 'FUNDS' on the top menu and click on 'Deposits Withdrawals'.

This screen displays any coins you have stored on Binance- obviously none at the moment.

Type 'BTC' in the search box.

This will narrow the wallets displayed to just one- Bitcoin.

Press 'Deposit'

You will be given a Bitcoin deposit address (a long string of numbers and letters).

Copy this address and keep it somewhere safe as we're going to need it soon.

Setting up a Binance account
20

Now, return to Coinbase.

Click 'Accounts' from the top menu, then find your Bitcoin wallet listed on the left.

Click 'Send'.

Sending Bitcoin on Coinbase
21

In the 'Recipient' box, paste the Bitcoin wallet address we just copied from Binance.

In amount, type how much Bitcoin you wish to send (there is a 'use max' option if you wish to send it all).

Click 'Continue'.

Coinbase may ask you to confirm with your password/phone. Follow the instructions until it confirms the Bitcoin are sent.

Sending Bitcoin on Coinbase
25

Go back to Cex.io

Press 'Withdraw' on the top menu.

Under 'Select currency and amount' click 'USD' and select 'BTC' in the drop down menu.

Input the amount of Bitcoin you're sending.

In the box labelled 'Enter the recipient's address below' paste the Bitcoin wallet address we just copied from Binance.

Once you've looked everything over, click the check box to confirm you've double checked everything is correct.

Press 'Withdraw'.

Signing up to Cex.io
26

You will be asked for a 2-factor authentication number.

Use your selected method of authentication to generate the number and write it in the box. Press 'Confirm'.

Signing up to Cex.io
27

You will be sent an email to confirm the withdrawal.

Go to your personal email and click the link Cex.io has sent you. This will send the coins on their way.

Signing up to Cex.io
22
28

Now we've got to wait a few minutes for the coins to move across the network.

Unless there's an unusually large network backlog, the coins will take between 20 and 60 minutes to appear in your Binance wallet.

Binance will update automatically so there's no need to refresh the page.

While you're waiting, consider sharing this guide with your friends and followers to spread the word about Ark, encouraging its popularity and value to grow.

Here's some share buttons to make it easy:

23
29

Once the Bitcoin shows in your 'available balance' we're ready to trade for Ark.

Click here to jump straight to the ARK/BTC exchange market on Binance.

Setting up a Binance account
24
30

The exchange page can look overwhelming at first, but don't worry, we're only going to use a small part of it.

There are two ways of buying coins:

A 'Limit' order, which lets you manually set the price at which you want to buy ARK.

A 'Market' buy, which fills your order automatically at the best price available.

As market buy is the simpler of the two options we'll go with that.

Look for the big green 'Buy ARK' button.

Above it, click the 'Market' option.

In the input box marked 'Amount' you now need to fill in how many ARK you'd like to buy. It may be easier to use the percentage buttons below the input box- for example, press 50% if you'd like to exchange 50% of your Bitcoin for ARK.

When you're happy with the amount, press the buy button.

Your order will be filled immediately.

Setting up a Binance account
25
31

Press 'Funds' along the top menu, then 'Deposits Withdrawals'.

In the search box, type ARK. You will now see your new ARK in your ARK wallet.

Setting up a Binance account
26
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Now lets move these coins to your personal wallet.

Click the 'Withdrawal' button.

In the boxes that appear, fill in this information:

Label: Write 'My wallet'

Address: Put the wallet address that you copied from Ark wallet (in step 7).

Available: Press the 'Max' button to send all your ARK.

Once you're sure all this information is correct (double check you've inputted the correct wallet address!), press 'Submit'.

If you've set up two-factor authentication, you will be asked for a code from your phone. Enter it and press 'Submit'.

You will be sent an email to confirm the withdrawal.

Go to your email and click the link that has been sent to you.

Setting up a Binance account
27
33

Return to the Ark wallet. You should soon see the coins in your wallet.

Your coins are now safely stored- as long as you keep your passphrase safe.

Note: You're not limited to using your current computer to access your wallet- you can download the Ark wallet onto another computer and use the passphrase to open your wallet there too.

Recieving Ark coins
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34

When it's time to move your Ark coins, press the arrow button in the top right of the wallet.

In the option box that appears, input the address you want to send coins to, the number of coins to send and the passphrase to your account. Then click next.

A confirmation screen will appear allowing you to double check what you've inputted. Once you're satisfied it's all correct, click 'send now!'

And your coins should reach their destination within a few minutes.

Sending Ark coins
Sending Ark coins
Links

Other buying guides
Further reading

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