BRC-20 is an experimental token standard that enables the issuance of fungible tokens on the Bitcoin blockchain. Unlike ERC-20 tokens, which operate on smart contract-enabled platforms like Ethereum, BRC-20 functions differently—since Bitcoin does not support smart contracts. Instead, BRC-20 leverages the Ordinals protocol to inscribe token data in JSON format directly onto Bitcoin’s blockchain through individual satoshi inscriptions.
This innovative approach allows developers and users to create, mint, and transfer fungible tokens using ordinal inscriptions, opening up new possibilities for tokenization on Bitcoin. As interest in BRC-20 grows, so does the need for accessible marketplaces where users can securely trade these assets.
One of the leading platforms facilitating BRC-20 transactions is the OKX Ordinals marketplace, which provides a seamless interface for listing, buying, and selling BRC-20 tokens directly from your wallet.
👉 Discover how to trade BRC-20 tokens with low fees and high security.
Understanding BRC-20 and the Role of Ordinals
Before diving into transactions, it's essential to understand how BRC-20 works. Each BRC-20 token is created via a text-based inscription using the Ordinals protocol. These inscriptions are stored as JSON data within individual satoshis—the smallest unit of Bitcoin. This method allows for the creation of fungible tokens without requiring changes to Bitcoin’s core protocol.
Because there are no smart contracts involved, all operations—such as deploying a new token, minting supply, or transferring tokens—are executed through specially formatted inscriptions. While this introduces some limitations compared to ERC-20, it also ensures compatibility with Bitcoin’s robust and decentralized network.
Key features of BRC-20 include:
- Decentralized issuance: Anyone can deploy a new token.
- Transparent ledger: All inscriptions are publicly viewable on the blockchain.
- Non-upgradable contracts: Once deployed, token rules cannot be changed.
As adoption increases, platforms like OKX have integrated dedicated tools to help users manage and trade their BRC-20 holdings efficiently.
How to List or Sell BRC-20 Tokens on OKX Ordinals Marketplace
Selling your BRC-20 tokens is straightforward if you follow the correct steps. The OKX app provides an intuitive interface for managing your digital collectibles and tokenized assets.
Step 1: Open the OKX App and Access Your Wallet
Launch the OKX mobile application and navigate to the Wallet section. This is where your Bitcoin-based assets, including Ordinals and BRC-20 tokens, are stored.
Step 2: Navigate to the Exchange and Select Ordinals
Go to the Exchange tab and choose Ordinals. This will take you to the dedicated marketplace for Bitcoin-native digital assets.
Tip: Ensure you have sufficient BTC in your wallet to cover network fees during inscription and listing.
Step 3: Choose Your BRC-20 Token
In the BRC-20 section, locate the token you wish to sell. Tap on it to view available inscriptions linked to your wallet.
Step 4: Initiate the Listing Process
Select List for Sale to begin the process. If you don’t already have an inscription ready, you can choose Inscribe Transfer, which prepares your token for sale by creating a new inscription.
Step 5: Enter Amount and Confirm
Input the amount of BRC-20 tokens you want to list and tap Next. Review all details carefully before selecting Confirm.
Step 6: Wait for Blockchain Confirmation
After confirmation, wait for at least 3 block confirmations to ensure transaction finality. Once confirmed, return to the marketplace.
Step 7: Select Incription and Set Price
Choose the specific inscription you’d like to list. Then, enter your desired price in the Set Price field and tap List.
Step 8: Finalize Your Listing
Review all information one last time and select Confirm Listing. Your BRC-20 token is now live on the marketplace and visible to potential buyers.
👉 Start selling your BRC-20 tokens today on a trusted global platform.
How to Buy BRC-20 Tokens on OKX Ordinals Marketplace
Buying BRC-20 tokens is just as simple. Whether you're collecting rare digital artifacts or investing in emerging token projects, OKX streamlines the purchasing experience.
Step 1: Open OKX App and Go to Wallet
As before, open the OKX app and go to Wallet to access your funds.
Step 2: Enter Exchange > Ordinals
Navigate to Exchange, then select Ordinals to access the marketplace.
Step 3: Browse Available BRC-20 Tokens
In the BRC-20 section, explore available tokens. You can filter by popularity, price, or recent activity.
Step 4: Select Quantity and Click Buy
Choose the number of inscriptions (units) you'd like to purchase and tap Buy. This action opens the order confirmation screen.
Step 5: Choose Payment Wallet
Under Pay with, select the wallet containing the BTC you’ll use for the purchase. Double-check all transaction details—including total cost and network fee.
Step 6: Confirm Purchase
Once everything looks correct, tap Confirm to complete the transaction. The purchased BRC-20 tokens will be credited to your wallet shortly after blockchain confirmation.
Frequently Asked Questions (FAQ)
Q: What is the difference between BRC-20 and ERC-20 tokens?
A: ERC-20 tokens run on Ethereum and use smart contracts for functionality, while BRC-20 tokens exist on Bitcoin via the Ordinals protocol using JSON inscriptions. BRC-20 lacks native smart contract capabilities but benefits from Bitcoin’s security and decentralization.
Q: Do I need a special wallet to hold BRC-20 tokens?
A: Yes. You need a wallet that supports both Bitcoin Ordinals and BRC-20 standards. The OKX Wallet is fully compatible and allows seamless management of these assets.
Q: Are there gas fees when trading BRC-20 tokens?
A: Yes. Since BRC-20 operates on Bitcoin, all transactions require BTC network fees (mining fees), which vary based on network congestion.
Q: Can I cancel my listing after putting a BRC-20 token up for sale?
A: Yes, most platforms—including OKX—allow you to delist your token before it’s sold. Check the marketplace interface for a "Cancel Listing" option.
Q: Is it safe to buy BRC-20 tokens on OKX?
A: Absolutely. OKX employs advanced security measures, including cold storage, multi-signature wallets, and real-time monitoring, ensuring safe and reliable transactions.
Q: How long does it take for a BRC-20 transaction to confirm?
A: Confirmation times depend on Bitcoin network traffic but typically range from 10 minutes to over an hour during peak periods.
Final Thoughts
The rise of BRC-20 tokens marks a significant evolution in how we perceive value and utility on the Bitcoin network. By combining ordinal theory with simple data inscriptions, developers have unlocked new use cases for Bitcoin beyond peer-to-peer payments.
Platforms like OKX play a crucial role in democratizing access to these innovations, offering user-friendly tools for buying, selling, and managing BRC-20 assets securely.
Whether you're a collector, investor, or blockchain enthusiast, understanding how to navigate the BRC-20 ecosystem is becoming increasingly important in today’s digital economy.
👉 Join thousands of users already trading BRC-20 tokens with confidence.
By following this guide, you now have a clear roadmap for participating in the growing world of Bitcoin-based tokens—without needing deep technical knowledge. Stay informed, stay secure, and explore the future of decentralized assets on Bitcoin.