BRC-20 is an experimental token standard that enables the issuance of fungible tokens on the Bitcoin network. Unlike ERC-20 tokens on Ethereum, Bitcoin does not support smart contracts. Instead, BRC-20 leverages the Ordinals protocol to deploy, mint, and transfer token contracts by embedding JSON-formatted data inscriptions.
Key Differences Between BRC-20 and ERC-20
- Network: Bitcoin (no smart contracts) vs. Ethereum (smart contract-enabled)
- Implementation: Uses Ordinals protocol JSON inscriptions vs. Solidity smart contracts
- Flexibility: Currently more limited than ERC-20's programmable features
Listing/Selling BRC-20 Tokens on OKX Ordinals Marketplace
Step-by-Step Process:
- Open the OKX App and select Wallet
- Navigate to Exchange → Choose Ordinals (this opens the Ordinals Marketplace)
- Locate your preferred BRC-20 token under the BRC-20 section → Select List for Sale
If you don't hold the asset, choose Inscribe Transfer
- Enter the transfer amount → Next
- Confirm after verifying all details
After 3 block confirmations:
- Select your inscription → List for Sale
- Set your desired price in the Listing Price field → List
- Finalize by selecting Confirm Listing
👉 Discover the easiest way to trade Bitcoin tokens
Buying BRC-20 Tokens on OKX Ordinals Marketplace
Purchase Guide:
- Access the marketplace via OKX App → Wallet → Exchange → Ordinals
- Browse BRC-20 tokens and select your preferred one
- Choose your desired inscription quantity → Buy
- Select payment wallet under Pay With
- Confirm to complete the transaction
Why Trade BRC-20 Tokens on OKX?
- Security: Industry-leading custody solutions
- Liquidity: Deep order books for seamless trading
- User Experience: Intuitive interface for both beginners and professionals
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Frequently Asked Questions
Q1: What makes BRC-20 tokens different from regular Bitcoin?
A1: BRC-20 tokens exist as metadata inscriptions on satoshis (the smallest Bitcoin units) using the Ordinals protocol, enabling fungible token functionality on Bitcoin's non-smart contract network.
Q2: How long do BRC-20 transfers take?
A2: Typically 3 block confirmations (~30 minutes), but network congestion may increase this.
Q3: Are there gas fees for BRC-20 transactions?
A3: Yes, you pay standard Bitcoin network fees for inscription transfers and trades.
Q4: Can I store BRC-20 tokens in any Bitcoin wallet?
A4: You need an Ordinals-compatible wallet that recognizes BRC-20 inscriptions. OKX provides integrated wallet support.
Q5: What determines BRC-20 token value?
A5: Like all cryptocurrencies, market demand, utility, and ecosystem adoption drive valuation.
Future of BRC-20 Tokens
As the Bitcoin ecosystem evolves, BRC-20 tokens may see:
- Enhanced tooling for developers
- Improved interoperability solutions
- Mainstream adoption as infrastructure matures
Always conduct thorough research before trading any cryptocurrency assets. The BRC-20 standard remains experimental, and projects built on it may carry higher risk than established token ecosystems.