BRC-20 is an experimental token standard for issuing fungible tokens on the Bitcoin network. Unlike ERC-20, Bitcoin doesn't support smart contracts. Instead, BRC-20 leverages the Ordinals protocol to deploy, mint, and transfer tokens using JSON-formatted digital inscriptions. This allows developers to create fungible tokens on Bitcoin via Ordinals.
Listing/Selling BRC-20 Tokens on OKX Ordinals Market
- Launch the OKX app and select Wallet.
- Navigate to Market > Ordinals (this opens the Ordinals marketplace).
- Under the BRC-20 section, choose your preferred token and select Sell List.
- If you lack assets, opt for Transfer Digital Inscription.
- Enter the inscription amount and click Next.
- Confirm details and select Confirm.
- Once the inscription reaches 3 block confirmations, select Sell List.
- Set your price in Set Price and click List.
- Verify details and confirm with List Confirmation.
Pro Tip: Ensure your wallet has sufficient BTC for transaction fees.
Buying BRC-20 Tokens on OKX Ordinals Market
- Open the OKX app and go to Wallet.
- Access Market > Ordinals.
- Pick a BRC-20 token of choice.
- Select your desired inscription amount and click Buy.
- Under Pay with, choose your preferred wallet.
- Finalize with Confirm.
👉 Explore BRC-20 tokens with low fees
Key Features of BRC-20 Tokens
- Bitcoin-native: Operates without sidechains.
- Ordinals-powered: Uses JSON inscriptions for token logic.
- No smart contracts: Relies on Bitcoin's base layer.
FAQ
Q: Are BRC-20 tokens compatible with Ethereum wallets?
A: No, they’re exclusive to Bitcoin wallets supporting Ordinals.
Q: What’s the gas fee for BRC-20 transactions?
A: Fees vary based on Bitcoin network congestion.
Q: Can I trade BRC-20 tokens on decentralized exchanges?
A: Currently, centralized platforms like OKX support BRC-20 trading.
👉 Start trading BRC-20 tokens today