How to Buy BRC-20 Tokens on Bitget Wallet
The Emergence of BRC-20: A New Chapter for Bitcoin
Could the emergence of BRC-20 tokens signal a new era for Bitcoin? In 2023, these tokens transformed Bitcoin from just a currency to a platform for DeFi, NFTs, and more, mirroring Ethereum's ERC-20 impact. With the ORDI token leading a surge to a $1 billion market, BRC-20's introduction has boosted Bitcoin's utility and market presence. As of February 2024, their market cap hit $3 billion with over 18,000 tokens, merging Bitcoin with DeFi and broadening the scope for digital assets. BRC-20 tokens capitalize on Bitcoin's security and liquidity, offering a counter to Ethereum's drawbacks like high fees. Innovations like the Lightning Network further speed up transactions, positioning BRC-20 to potentially redefine the blockchain ecosystem with a robust platform for decentralized apps.
But, you might wonder, how can one easily purchase BRC-20 tokens? Enter Bitget Wallet, one of the world's leading non-custodial Web3 multi-chain crypto wallets.
What Is Bitget Wallet?
Bitget Wallet has quickly become a key player in the decentralized finance world since its launch in 2018, attracting over 15 million users from 168 countries. Known for its simplicity and security, Bitget Wallet is the go-to choice for managing a diverse range of cryptocurrencies. Following a strategic investment, it transitioned from BitKeep to Bitget Wallet, signaling a new chapter in offering users a seamless crypto experience.
With Bitget Wallet, users have access to a wide array of services, from tracking their assets in real-time to swapping mainnets with a single click. But there's more – if you're looking to get into the latest trend of BRC-20 tokens, Bitget Wallet makes it a breeze. Buying BRC-20 tokens is straightforward, opening up a world of DeFi, NFT trading across various blockchains, and access to an extensive range of DApps. Bitget Wallet is your all-access pass to exploring the exciting opportunities on Web3, ensuring your crypto journey is both secure and enjoyable.
Discover all you need to know about Bitget Wallet in our latest article: What is Bitget Wallet?
How to Buy BRC-20 Tokens on Bitget Wallet
Purchasing BRC-20 tokens through Bitget Wallet is straightforward. Follow this simple guide to get started:
Download Bitget Wallet
First, download the Bitget Wallet app for Android or iOS, or install the Chrome Extension.
Import an Existing Wallet
If you already have a crypto wallet, you can easily import it into Bitget Wallet. This can be done through Software (using a mnemonic phrase or private key) or MPC Wallet (by importing key shares from cloud backup). Remember, the private key or mnemonic phrase is crucial for importing your wallet. Avoid copying it to the clipboard to prevent leaks. It's safer to copy it offline and manually enter it.
● To import, open Bitget Wallet, select "Import a wallet", input your mnemonic or private key, and then click "Confirm”.
Create a New Wallet
If you're new to crypto wallets, creating one in Bitget Wallet is easy:
● Upon opening Bitget Wallet, click on "Create a wallet". Take a moment to read the information about choosing between a Mnemonic Wallet or MPC Wallet, depending on what suits you best.
Read more: How to Use an MPC Wallet or a Mnemonic Wallet?
● Bitget Wallet, being a multi-chain wallet, automatically selects some mainstream public chains for your convenience. If you need to add more or remove unnecessary public chains, you can manually search and select them on this page. After selecting your preferred public chains, click "Add Mainnet" once the wallet creation is successful.
● After successfully creating your wallet, you'll be prompted to back up your mnemonic phrase again. Simply click on "Backup Now". Once you've copied the mnemonic phrase, follow the on-screen instructions to complete the backup process. With this step finalized, you're all set to explore the features and functionalities of Bitget Wallet.
Transfer Asset to Bitget Wallet
● To transfer assets to Bitget Wallet, start by navigating to the "Wallet" tab and clicking on "Receive". Here, you can select the currency and the network you wish to use. If you have a specific currency in mind, simply use the search bar to find it.
● Once you've made your selection, you have the option to either click on "Share" to send your address to someone else or copy the address yourself and paste it into another platform for transferring assets. For added convenience and speed, consider transferring assets directly from the Bitget Exchange.
Please note that for the Bitcoin mainnet, Bitget supports four types of addresses: Legacy, Nested SegWit, Native SegWit, and Taproot.
Use Bitget Swap to Buy BRC-20 Tokens
To trade BRC-20 tokens using the Bitget Wallet app, follow these steps:
● Open the app and tap "Markets" on the home page to access the Bitget Swap interface. Browse the main interface to view market trends and select your desired token. You can find tokens by categories like trending, new tokens, top gainers, or use the search function via the magnifying glass icon.
● After selecting a token, you'll see detailed information including price movement and liquidity pool data. To trade, tap "Buy" or "Sell," enter your transaction details (quantity, network, token type), and review the transaction information, including slippage and fees.
● Confirm your trade, then follow the prompts to verify and complete the transaction.
And that's a wrap on our quick-start guide to buying BRC-20 Tokens with Bitget Wallet! If you have any further suggestions or queries while using Bitget Swap, you may provide feedback via our official Telegram customer service platform.
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