What Is Arbitrum Nova?
Designed by Arbitrum developer Offchain Labs, Arbitrum Nova is a new Layer2 network with AnyTrust technology catering to DApps with high TPS.
Officially launched on August 10th, 2022, this AnyTrust-powered network features low costs and a high transaction speed on top of great security, supporting general blockchain use cases, games, and social DApps.
Click here to know more about Arbitrum Nova.
How to Use the Arbitrum Nova Wallet in imToken?
Click on "My Profile" - "Manage wallets" - "Add", select the ”Arbitrum Nova“ network and confirm, then return to the wallet homepage to access the newly created Arbitrum Nova account for transferring, receiving, and trying out the DApp.
Transfer and Receive
In your Arbitrum Nova account, you can transfer or receive tokens by clicking the corresponding buttons.
Transfer
Click “Transfer” to choose the token you want to send. Then enter the receiving address and amount to transfer.
Note: please make sure you have sufficient ETH in the wallet to pay Gas fee.
Receive
Click “Receive” to share your QR code or copy your wallet address to others for receiving tokens.
Note: through LayerSwap, you can withdraw tokens from exchanges to your Arbitrum Nova wallet.
Depositing and Withdrawing through Bridges
Deposit and withdrawal mean that through the cross-chain bridge, you can send tokens from the ETH wallet to the Arbitrum Nova wallet and withdraw the tokens from the Arbitrum Nova wallet to the ETH wallet. Here, we’ll take Arbitrum Nova's official cross-chain bridge as an example.
Depositing Tokens
1. In your Arbitrum Nova account, click “DApp” on the “Wallet” page and choose “Arbitrum Nova”.
2. Click the white circle button in the middle of the page to change the setting into “From: Mainnet” and “To: Arbitrum Nova”. After that, choose or search the token you want to deposit and enter the amount.
3. Click “Move funds to Arbitrum Nova” and “Approve” the site to switch the network. Wait for the transaction to be confirmed and its status updated as “Success”. After that, you can see the arrived tokens on the “Wallet” page.
Withdrawing Tokens
1. In your Arbitrum Nova account, click “DApp” on the “Wallet” page and choose “Arbitrum Nova”.
2. Choose or search the token you want to withdraw and enter the amount. Then, click “Move funds to Mainnet”.
3. Confirm and check the following terms of use
- I understand that it will take ~8 days before I can claim my funds on Ethereum Mainnet
- I understand that after claiming my funds. I’ve have to send another transaction on L1 and pay another L1 fee
After that, click “Continue” to confirm the payment. After eight days or so, open your ETH wallet to reenter Arbitrum Nova’s official cross-chain bridge (on the Ethereum network) and click “Claim” to withdraw your tokens. The received tokens will be displayed on the “Wallet” page of your ETH wallet.
Try DApps on Arbitrum Nova
In the Arbitrum Nova account, you can see the most popular DApps in the network ecosystem by clicking “DApp” on the account page. You can try them out if you are interested.
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imKey also supports Layer2 ecosystems so you can use your Arbitrum Nova wallet through that device. For best security on large amounts of crypto, consider our hardware wallet, imKey.
Risk Warning: The content of this article does not constitute any form of investment advice or recommendation. imToken does not make any guarantees and promises for the third-party services and products mentioned in this article, nor assume any responsibility. Digital asset investment has risks. You should carefully evaluate these investment risks and consult with relevant professionals to make your own decisions.