BRC-20 is an experimental token standard for issuing fungible tokens on the Bitcoin network. Unlike ERC-20 tokens (which rely on Ethereum’s smart contracts), BRC-20 leverages the Ordinals Protocol to deploy token contracts, mint tokens, and enable transfers via JSON-formatted data inscriptions. This allows developers to create and manage fungible tokens directly on Bitcoin.
How to List/Sell BRC-20 Tokens on the OKX Ordinals Marketplace
Step 1: Access the OKX App
- Open the OKX App and navigate to Wallet.
- Select Marketplace → Ordinals.
👉 Explore the OKX Ordinals Marketplace
Step 2: Select Your BRC-20 Token
- Under the BRC-20 section, choose the token you wish to sell.
- Tap List for Sale.
Step 3: Transfer Assets (If Needed)
- If you lack holdings, select Transfer Inscription.
- Enter the desired inscription quantity and click Next.
- Verify details and confirm with Confirm.
Step 4: List Your Token
- After 3 block confirmations, select the inscription and click List Sale.
- Set your price in the Set Price field and choose List.
- Finalize by clicking Confirm Listing.
How to Buy BRC-20 Tokens on the OKX Ordinals Marketplace
Step 1: Navigate to Ordinals Marketplace
- Open the OKX App → Wallet → Marketplace → Ordinals.
Step 2: Choose a BRC-20 Token
- Browse the BRC-20 section and select your desired token.
- Pick the inscription quantity and tap Buy.
👉 Start Trading BRC-20 Tokens Securely
Step 3: Complete Purchase
- Review order details and select a payment wallet under Pay with.
- Click Confirm to finalize.
Key Features of BRC-20 Tokens
- Bitcoin-Based: Operates without smart contracts via Ordinals inscriptions.
- JSON Format: Token metadata is embedded in Bitcoin transactions.
- Decentralized Minting: Users can mint tokens permissionlessly.
FAQs
What is the difference between BRC-20 and ERC-20?
BRC-20 tokens exist on Bitcoin’s blockchain using inscriptions, while ERC-20 tokens rely on Ethereum’s smart contracts.
Can I trade BRC-20 tokens on any exchange?
No—only platforms supporting Ordinals (like OKX) facilitate BRC-20 trading.
How do I ensure my inscription transfer is secure?
Always verify transaction details and wait for 3+ block confirmations.
Are BRC-20 tokens gas-efficient?
Bitcoin’s network fees apply, which can vary based on congestion.
By following this guide, you can seamlessly trade BRC-20 tokens while leveraging OKX’s secure marketplace. For advanced strategies, explore our in-depth resources below.