arb to eth?

[Bureau]

i have been trying to swap some of my usdt to btc but it is asking me to have a minimum amount of eth to continue the transaction now I have arbeth but it still won’t proceed even though i have more than the minimum amount

is arbeth not counted as eth? someone help me pls i am confused and desperate

As per my understanding you are trying to swap USDT (ERC20) to BTC(ERC20). In that case you would require to have Ethereum which will act as a gas to process the transaction. ARB is an ERC20 governance token for the Arbitrum layer 2 blockchain. It cannot act as a gas when you are trying to process and ERC20 swap.

[Selingkuhan]

that's because you are using arbeth on the blockchain Arbitrum so whatever you do with USDT you must have a remaining arbitrum fee for the transaction to continue. Likewise with ETH. remember the Ethereum and Arbitrum blockchains are different.

[FinneysTrueVision]

If I understand correctly, you thought your L2 ETH could be used for gas fees on L1? That doesn’t work. Arb ETH is redeemable 1:1 for regular Ethereum, but you need to bridge it first before it can be used on the mainnet again.

[asriloni]

from what i found arbeth is in the ethereum network so I thought it counted as ethereum because i found that arb are layer 2 ethereum

L2 used different blokchain but it's simply said that if arbitrum blockchain is connected to the ethereum blokchain since you can use ethereum address on arbitrum address. It means that if arbitrum is a ecosystem expansion from ethereum blockchain.

There are so many L2 blockchain. If you are still new and that's find if you have not yet fully known about that.

i have usdt on tether ethereum network

It means you need to bridge it to the arbitrum if you are willing to use it with cheaper fees to send and receive your USDT. You can try to swap your USDT to the WBTC if you are willing to do that.

It requires ethereum native coin to pay the fees.

[X-ray]

that's because you are using arbeth on the blockchain Arbitrum so whatever you do with USDT you must have a remaining arbitrum fee for the transaction to continue. Likewise with ETH. remember the Ethereum and Arbitrum blockchains are different.

its L2 of ethereum so basically its the same mechanism and fee in arbitrum is also using ethereum so there's no difference really the only thing you need to do is just bridge the ethereum so that it can be used in the blockchain of arbitrum,
it seems OP mistaking arb to be used as a fee in the blockchain while its actually ethereum, arb is just ERC20 token to represents the blockchain but the fee actually used ethereum since its L2 basically means side chain of ethereum, so of course the transaction not gonna went through.
once OP can deposit some ethereum that already bridged to arbitrum, then OP can execute the transaction.
why is that, because its standalone blockchain its just that the data of transactions in arbitrum getting submitted back to ethereum because its needed as a layer 2.

[Velemir Sava]

i have been trying to swap some of my usdt to btc but it is asking me to have a minimum amount of eth to continue the transaction now I have arbeth but it still won’t proceed even though i have more than the minimum amount

is arbeth not counted as eth? someone help me pls i am confused and desperate

If you buy ETH on the ARB network, the value will be the same as the original ETH, but the only difference is if you use the ERC20 network, the fees are expensive.

If you have to make a transaction between different networks, it won't work and could be lost, especially if you send it to your investment account. Make sure the network is the same before sending. It's easy.

[johnsaributua]

ARB is a native ERC20 of Arbitrum blockchain which is designed to improve Ethereum scaling issue. USDT is again an ERC20 token which is using Ethereum blockchain. All ERC 20 tokens need Ethereum which acts as a gas to run on it's blockchain. In your case you will need Ethereum in your wallet to complete the swap.

No incorrect. The native token on Arbitrium is ETH, which is used for gas on the ARB network. The token is used for other things but not to pay gas fees.

Most chains use ETH for gas, except Polygon which uses Matic.

The op just needs to withdraw some ETH from some exchange and use that to swap his ARB to ETH and then use that to buy BTC and by BTC I mean the wrapped WBTC since you can’t own BTC on any blockchain that isn’t bitcoin.

Okay! Thanks for correcting me. I thought ARB was the token that is used to run Arbitrum ecosystem. As it is an ERC20 just like others it will need Ethereum as gas. I was not aware of it and thanks for clarifying it.

You are right, I agree. Maybe arbitrum is a new ecosystem that some people are not used to using, besides having its own token arbitrum is a very efficient and environmentally friendly chain that can be a solution when ethereum density (erc20) and causes higher gas fees. Ethereum observers and developers know very well, in between density there must be innovation through layer 2, because the market segment is good and in my opinion the most superior in the altcoin class.

For calculations in the withdrawal menu for example cex (binance), there is an estimate of ordinary consumption that supports ethreum (all layer 2 rpc) even though it does not have an eth balance.

This solution is an added value for people's interest in ethreum and if I have free time I often take the time to see in the explorer (etherscan) how much volume and people are using it.