BRC-20 is a 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 facilitate token issuance and transfers by defining JSON-formatted inscriptions. Developers can create and deploy fungible tokens using this method.
Steps to Manage BRC-20 Assets in OKX Wallet
Set Up OKX Wallet
- If you don’t have an OKX Wallet, download and install the OKX app to create one.
- Existing OKX Wallet users can link their wallet to the OKX app.
Add BRC-20 Tokens
- Navigate to Manage Crypto in the app.
- Search for your desired BRC-20 token and add it to your crypto list.
View Token Transactions
- Select the BRC-20 token from your crypto list to review its transaction history.
Trade BRC-20 Tokens
- Tap Trade for quick buy/sell actions on your BRC-20 assets.
👉 Explore BRC-20 trading strategies
- Tap Trade for quick buy/sell actions on your BRC-20 assets.
Transfer BRC-20 Tokens
- Select Send, choose the inscription, and confirm.
- Enter the recipient’s address or adjust the inscription value to match your balance.
How to View and Switch BTC Addresses
- Open the OKX app and select Wallet.
- Go to Crypto and choose BTC.
- Tap Switch to see all available BTC addresses.
FAQ Section
Q1: What is BRC-20?
A: BRC-20 is a token standard on Bitcoin using Ordinals inscriptions for fungible token deployment.
Q2: Can I trade BRC-20 tokens directly in OKX Wallet?
A: Yes, use the Trade option for instant buy/sell actions.
Q3: How do I transfer BRC-20 tokens?
A: Select Send, pick the inscription, and confirm the recipient’s address.
Q4: Why can’t I see my BRC-20 token balance?
A: Ensure you’ve added the token via Manage Crypto.
Q5: How do I change my BTC address in OKX Wallet?
A: Navigate to BTC details and tap Switch to view alternate addresses.
👉 Learn more about BRC-20 token management
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