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?
Switch Your Node to Enter the Arbitrum Nova Wallet
On the “Wallet” page of your Ethereum wallet, click “Ethereum” at the top and choose “Arbitrum Nova” on the “Network switch” page. Then you can switch to your Arbitrum Nova wallet.
Note: if you want to switch back to your Ethereum wallet, click “Arbitrum Nova” at the top of the page then select “Ethereum”.
Transfer and Receive
In your Arbitrum Nova wallet, you can transfer or receive assets 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 assets.
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 assets from the ETH wallet to the Arbitrum Nova wallet and withdraw the assets from the Arbitrum Nova wallet to the ETH wallet. Here, we’ll take Arbitrum Nova's official cross-chain bridge as an example.
Depositing Assets
1. In your Arbitrum Nova wallet, 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 Assets
1. In your Arbitrum Nova wallet, 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 assets. The received tokens will be displayed on the “Wallet” page of your ETH wallet.
Try DApps on Arbitrum Nova
In the Arbitrum Nova wallet, you can see the most popular DApps in the network ecosystem by clicking “DApp” on the “Wallet” 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.