BRC-20 is an experimental standard for issuing fungible tokens on the Bitcoin network. Unlike ERC-20 tokens on Ethereum, BRC-20 tokens leverage the Ordinals protocol to inscribe JSON-formatted data for token deployment, minting, and transfers—since Bitcoin lacks smart contract functionality. This allows developers to create and issue fungible tokens directly on Bitcoin.
1. Creating a BTC Wallet
Steps:
- Open your Web3 wallet and select 【Create Wallet】 → 【Create Now】 → 【Set Wallet Password】 to complete setup.
- If you already have a wallet, skip this step.
🔹 Security Tip:
- Your wallet’s mnemonic phrase and private key are critical. Loss or exposure risks fund theft.
- Always back up and securely store these credentials.
2. Importing an Existing BTC Wallet
Process:
- In the Web3 wallet, tap ▼ → 【Wallet Management】 → 【Add Wallet】 → 【Import Wallet】.
- Enter your mnemonic phrase or private key to complete import.
3. Viewing and Switching BTC Addresses
- Navigate to the BTC detail page via the wallet homepage.
Tap the switch icon (top-right) to explore address formats:
- Taproot (Default)
- Legacy (P2PKH)
- Nested SegWit (P2SH)
- Native SegWit (Bech32)
4. Managing BRC-20 Assets
Add Tokens:
- Go to 【Currency Management】 → Search for the BRC-20 token → Tap 【+】 to add.
- View assets on the homepage after addition.
Trade BRC-20 Tokens:
- Select a token to see its transaction history.
- Use the 【Trade】 option to list inscriptions or buy BRC-20 tokens via Ordinals markets.
👉 Explore BRC-20 trading strategies
5. Sending BRC-20 Tokens
Direct Transfer:
- Open the token’s detail page → Tap 【Send】 → Choose inscriptions → Enter recipient address.
Inscribe Before Transfer:
- Tap 【+】 → 【Inscribe】 → Enter amount (≤ available balance) → Confirm.
FAQs
❓ Can I use MetaMask for BRC-20 tokens?
→ No. BRC-20 requires Bitcoin-compatible wallets like Web3 wallets supporting Taproot.
❓ Why is my BRC-20 balance not showing?
→ Ensure you’ve added the token manually via 【Currency Management】 and synced the wallet.
❓ Are BRC-20 fees higher than ERC-20?
→ Yes, due to Bitcoin’s network fees and Ordinals inscription costs.
❓ Is BRC-20 secure?
→ While innovative, it’s experimental. Audit transactions and use trusted tools.
👉 Learn more about Bitcoin token standards
Key Takeaways:
- BRC-20 tokens operate via Bitcoin’s Ordinals protocol, not smart contracts.
- Use Taproot addresses for optimal efficiency.
- Always verify transaction details and network fees.
For deeper insights, consult our advanced guides on Ordinals and Bitcoin tokenization.