What is BRC-20 standard?

The BRC-20 standard is a fungible token standard implemented on the Bitcoin blockchain, similar to Ethereum's ERC-20 standard. Developed under the Ordinals protocol, BRC-20 tokens enable the deployment of token contracts and minting and transferring of tokens by embedding JSON data into sats, the smallest unit of Bitcoin. These tokens adhere to a set of rules and standards, facilitating interoperability and compatibility within the Bitcoin ecosystem.

What's the difference between NFTs and Inscriptions?

While both NFTs and inscriptions involve the embedding of data onto a blockchain, the key difference lies in their storage mechanism. NFTs often rely on off-chain data storage, which can pose risks of third-party tampering. In contrast, inscriptions directly embed data into Bitcoin transactions, ensuring permanent and tamper-proof storage on the blockchain.

What's the difference between Inscriptions and Ordinals?

Inscriptions involve embedding data, such as images or text, into Bitcoin transactions, while ordinals assign unique numbers to sats and inscribe digital content onto them. While both serve to create non-fungible digital assets, ordinals provide each satoshi with a distinct identity, similar to the serial numbers on physical currency.

How to create Inscriptions?

Creating inscriptions involves embedding data into Bitcoin transactions during the transaction process. Users can input desired text or upload digital content into specific fields in wallets and tools which allow minting inscriptions, which will then be packaged along with the transaction by blockchain nodes, permanently storing the data on the blockchain.

How to trade ordinals?

Ordinals, being non-fungible digital assets, can be traded similarly to other cryptocurrencies. Users can buy, sell, or trade ordinals on supported exchanges or platforms that facilitate the trading of digital assets. Each ordinal, with its unique digital content and ordinal number, represents a distinct collectible on the Bitcoin blockchain.

How are Bitcoin Ordinals created?

Bitcoin ordinals are created by assigning a unique ordinal number to each satoshi and inscribing digital content onto them. This process involves embedding data into Bitcoin transactions, with each satoshi serving as a canvas for the inscription of digital artifacts, such as images, text, or audio.

Do Ordinals support creator royalties?

Unlike traditional NFTs, Bitcoin ordinals do not support creator royalties. This means that creators do not receive royalties or additional income from the resale of ordinals. However, the uniqueness and scarcity of each ordinal may contribute to its market value and potential for appreciation over time.

Do ordinals support smart contracts?

Ordinals, being part of the Bitcoin blockchain, do not inherently support smart contracts like those found on platforms such as Ethereum. However, developers can build additional layers or protocols on top of Bitcoin to enable smart contract functionality for ordinals, similar to projects like RSK or Stacks.

Ordinals & Inscriptions Trading Crypto Exchanges

Rating: 4.7/5

#1 OKX

One of the largest exchanges – Reliable and safe – Top tier Web3 wallet – Inscriptions & NFT marketplace – Good APY for flexible staking – Low fees – Up to $10,000 welcome rewards

: 300+

: 2017

: 14,512

: 20%

: $10,000

User Friendly

Bank transfer deposits

Bank card deposits

Fiat withdraw to bank account

Mobile App

Beginner friendly features: 5

Ease of buying and trading: 5

Interface and user experience: 4

Education and learning: 5

Customer support: 5

Features

Spot trading

Futures trading

Advanced trading options: 5

Staking and savings: 4

Airdrops and launchpools: 3

Additional financial services: 4

Other products and services: 5

Decentralized wallet: 5

Fees

Spot Maker Fee: 0.08%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.01%
Futures Taker Fee: 0.05%

Additional 20% fee discount when using our referral signup link.

Additional $10,000 signup bonus when using our referral signup link.

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Safety

Exchange launched in 2017

Proof of Reserves

Regulatory compliance: 4

Reputation and reliability: 5

Asset safety and trust: 5

User account security: 5

Highly regulated

Considered very safe

Volume & Altcoins

Number of altcoin pairs: 300

Last 24h trade volume (in BTC): 14,512

Review

Rating: 4.7/5

#2 Gate.io

Supports wire and card deposits – Fiat withdrawals – Over $6,500 in welcome rewards – Crypto ATM card – 500+ altcoins for staking – Over 2,000 altcoins listed for trading – Excellent Web3 wallet – Inscriptions marketplace – Lowest fees

: 2200+

: 2018

: 24,855

: 20%

: $6,666

User Friendly

Bank transfer deposits

Bank card deposits

Fiat withdraw to bank account

Mobile App

Beginner friendly features: 5

Ease of buying and trading: 5

Interface and user experience: 5

Education and learning: 5

Customer support: 4

Features

Spot trading

Futures trading

Advanced trading options: 5

Staking and savings: 5

Airdrops and launchpools: 5

Additional financial services: 5

Other products and services: 5

Decentralized wallet: 4

Fees

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.015%
Futures Taker Fee: 0.05%

Additional 20% fee discount when using our referral signup link.

Additional $6,666 signup bonus when using our referral signup link.

View More Fees

Safety

Exchange launched in 2018

Number of users: 20 million

Proof of Reserves

Regulatory compliance: 3

Reputation and reliability: 4

Asset safety and trust: 5

User account security: 5

Volume & Altcoins

Number of altcoin pairs: 2200

Last 24h trade volume (in BTC): 24,855

High trading volume

High liquidity

Review

Rating: 4.8/5

#3 Binance

World’s biggest exchange by volume – High liquidity on all trading pairs – Trading fee discounts with native token – Cheap fiat deposits – Reliable and trusted

: 400+

: 2017

: 106,342

: 10%

: $100

User Friendly

Bank transfer deposits

Bank card deposits

Fiat withdraw to bank account

Mobile App

Beginner friendly features: 5

Ease of buying and trading: 5

Interface and user experience: 5

Education and learning: 5

Customer support: 5

Features

Spot trading

Futures trading

Advanced trading options: 5

Staking and savings: 5

Airdrops and launchpools: 3

Additional financial services: 5

Other products and services: 5

Decentralized wallet: 5

Fees

Spot Maker Fee: 0.1%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.05%

Additional 10% fee discount when using our referral signup link.

Additional $100 signup bonus when using our referral signup link.

View More Fees

Safety

Exchange launched in 2017

Number of users: 240 million

Insurance fund: 1000 million

Proof of Reserves

Regulatory compliance: 5

Reputation and reliability: 5

Asset safety and trust: 5

User account security: 5

Highly regulated

Considered very safe

Volume & Altcoins

Number of altcoin pairs: 400

Last 24h trade volume (in BTC): 106,342

High trading volume

High liquidity

Review

Rating: 3.6/5

#4 BitMart

Registered and available in US – Fiat deposits through bank transfers and cards – No fiat withdrawals – Lots of staking & savings assets – $3,000 welcome bonus

: 1150+

: 2018

: 7,324

: $3,000

User Friendly

Bank transfer deposits

Bank card deposits

No fiat withdrawals

Mobile App

Beginner friendly features: 4

Ease of buying and trading: 4

Interface and user experience: 4

Education and learning: 4

Customer support: 4

Features

Spot trading

Futures trading

Advanced trading options: 4

Staking and savings: 4

Airdrops and launchpools: 2

Additional financial services: 1

Other products and services: 3

Fees

Spot Maker Fee: 0.09%
Spot Taker Fee: 0.1%
Futures Maker Fee: 0.02%
Futures Taker Fee: 0.06%

Additional $3,000 signup bonus when using our referral signup link.

View More Fees

Safety

Exchange launched in 2018

Proof of Reserves

Regulatory compliance: 3

Reputation and reliability: 4

Asset safety and trust: 4

User account security: 5

Highly regulated

Volume & Altcoins

Number of altcoin pairs: 1150

Last 24h trade volume (in BTC): 7,324

Review

What is BRC-20 standard?
The BRC-20 standard is a fungible token standard implemented on the Bitcoin blockchain, similar to Ethereum's ERC-20 standard. Developed under the Ordinals protocol, BRC-20 tokens enable the deployment of token contracts and minting and transferring of tokens by embedding JSON data into sats, the smallest unit of Bitcoin. These tokens adhere to a set of rules and standards, facilitating interoperability and compatibility within the Bitcoin ecosystem.
What's the difference between NFTs and Inscriptions?
While both NFTs and inscriptions involve the embedding of data onto a blockchain, the key difference lies in their storage mechanism. NFTs often rely on off-chain data storage, which can pose risks of third-party tampering. In contrast, inscriptions directly embed data into Bitcoin transactions, ensuring permanent and tamper-proof storage on the blockchain.
What's the difference between Inscriptions and Ordinals?
Inscriptions involve embedding data, such as images or text, into Bitcoin transactions, while ordinals assign unique numbers to sats and inscribe digital content onto them. While both serve to create non-fungible digital assets, ordinals provide each satoshi with a distinct identity, similar to the serial numbers on physical currency.
How to create Inscriptions?
Creating inscriptions involves embedding data into Bitcoin transactions during the transaction process. Users can input desired text or upload digital content into specific fields in wallets and tools which allow minting inscriptions, which will then be packaged along with the transaction by blockchain nodes, permanently storing the data on the blockchain.
How to trade ordinals?
Ordinals, being non-fungible digital assets, can be traded similarly to other cryptocurrencies. Users can buy, sell, or trade ordinals on supported exchanges or platforms that facilitate the trading of digital assets. Each ordinal, with its unique digital content and ordinal number, represents a distinct collectible on the Bitcoin blockchain.
How are Bitcoin Ordinals created?
Bitcoin ordinals are created by assigning a unique ordinal number to each satoshi and inscribing digital content onto them. This process involves embedding data into Bitcoin transactions, with each satoshi serving as a canvas for the inscription of digital artifacts, such as images, text, or audio.
Do Ordinals support creator royalties?
Unlike traditional NFTs, Bitcoin ordinals do not support creator royalties. This means that creators do not receive royalties or additional income from the resale of ordinals. However, the uniqueness and scarcity of each ordinal may contribute to its market value and potential for appreciation over time.
Do ordinals support smart contracts?
Ordinals, being part of the Bitcoin blockchain, do not inherently support smart contracts like those found on platforms such as Ethereum. However, developers can build additional layers or protocols on top of Bitcoin to enable smart contract functionality for ordinals, similar to projects like RSK or Stacks.

Ordinals & Inscriptions Trading Crypto Exchanges

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