How do I buy and sell BRC-20 tokens? (app)

Published on Aug 22, 2023Updated on Apr 4, 20243 min read544

BRC20 is an experimental format standard for issuing fungible tokens on the Bitcoin network. The main difference between BRC20 and ERC20 lies in the fact that the Bitcoin network does not support smart contracts.

Instead, BRC20 accomplishes token contract deployment, minting, and transfer by utilizing the Ordinals protocol, which sets inscriptions in JSON data format. In other words, developers can create and issue fungible tokens using the Ordinals protocol.

List/Sell BRC-20 tokens on OKX Ordinals Market

  1. Open your OKX App, select Wallet
  2. Go to Marketplace, select Ordinals
    App BRC20 Ordinals HomepageOpening Ordinals Market page
  3. Select your preferred BRC20 token in the BRC-20 section and select List for sale
    App NFT Ordinals list/sell BRC20 tokens Select List for sale to list/sell the token
  4. If you have no assets, you can select Inscribe transfer
  5. Enter the amount you want to inscribe and select Next
  6. Select Confirm once you make sure all the information is accurate
  7. You can select the inscription once it reaches 3 blocks of confirmation and select List of sale
    App NFT list BRC20 salesSelect your desired inscription to list/sell the token
  8. Enter your preferred price for the inscription in the Set price field and select List
  9. Select Confirm listing once you make sure all the information is accurate

Buy BRC-20 tokens on OKX Ordinals Market

  1. Open your OKX App, select Wallet
  2. Go to Marketplace, select Ordinals
    App BRC20 Ordinals HomepageOpening Ordinals Market page
  3. Select your preferred BRC20 token in the BRC-20 section
  4. Select your preferred inscription amount and select Buy
    App NFT BRC20 BuySelect Buy to purchase the inscription amount that matches your desired price
  5. Select your preferred Wallet in the Pay with field once you make sure all the information is accurate
    App NFT BRC20 buy previewSelect the wallet that you want to complete the purchase
  6. Select Confirm to complete the action