Top 5 BRC-20 Marketplaces in 2023

December 20, 2023
12 min

Discover a list of the best BRC-20 marketplaces and exchanges you can use to securely buy and sell BRC-20 tokens.

The BRC-20 token market has grown in leaps and bounds since it launched in early 2023, turning into a multi-billion-dollar market segment. If you are looking into buying BRC-20 tokens, you can choose between a variety of BRC-20 token marketplaces and exchanges. 

Read on to discover a list of the leading BRC-20 marketplaces available today. 

What Are BRC-20 Tokens?

BRC-20 tokens are fungible digital assets native to the Bitcoin blockchain, created using the Ordinals-based BRC-20 token standard. 

The BRC-20 token standard, or Bitcoin Request for Comment 20, is an experimental standard modeled after Ethereum’s ERC-20. It was launched in March 2023 by the pseudonymous developer Domo, who also created the first BRC-20 token, ORDI.

Since launching, BRC-20 tokens have gained much popularity due to investor speculation, resulting in a multi-billion-dollar market.

You can look up and mint BRC-20 tokens with Xverse Mint App.

Best BRC-20 Marketplaces & Exchanges

Now, let’s take a look at the best exchanges and peer-to-peer marketplaces for buying and selling BRC-20 tokens. 

ALEX

ALEX is a decentralized Bitcoin exchange built on Stacks, a Bitcoin layer-2 protocol. It enables users to trade BRC-20 tokens using sUSDT, a wrapped version of USDT on Stacks. BRC-20 token trading on ALEX is powered by the B20 orderbook. 

The orderbook DEX offers instant trade confirmation with Bitcoin finality. ALEX launched the B20 orderbook with a BRC-20 token known as B20. There are over 20 supported BRC-20 tokens on this platform, such as WZRD, PEPE, BANK, PIZA, NALS, and ORDI. 

Binance

Binance is a centralized crypto exchange that listed the first BRC-20 token, ORDI, in November 2023. The price of Ordi rose by 50% in 24 hours after the listing.

Ordi can be traded on the Binance spot market using several trading pairs such as BTC, USDT, and TUSD.

The token was listed with the seed tag, indicating it is a highly risky asset. Binance uses the seed tag for innovative tokens that may display higher volatility and risk than other listed assets. 

OKX Ordinals Market 

OKX Ordinals Market is a peer-to-peer marketplace where users can buy and sell Bitcoin Ordinals and BRC-20 tokens using the Xverse wallet. The platform supports more than 30 BRC-20 tokens, including PEPE, OSHI, ORDI, BITS, and OXBT.

Other than trading BRC-20 tokens, the OKX Ordinals Market permits users to inscribe their own BRC-20 tokens and Bitcoin Ordinals.

Ordinals Wallet

Ordinals Wallet provides a community-funded marketplace where users can buy and sell Bitcoin Ordinals and BRC-20 tokens on a peer-to-peer basis. On the platform, you can find a long list of BRC-20 tokens, including ORDI, SATS, WZRD, OXBT, and many more. 

Unisat

Unisat is an Ordinals peer-to-peer (P2P) marketplace with BRC-20 token support. It enables you to trade a wide variety of BRC-20 tokens using your Xverse wallet. Currently, Unisat has listed more than 10,000 BRC-20 tokens, including ORDI, PEPE, MEME, GOLD, SATS, RARE, SHIB, and CASH. 

You can connect your Xverse BRC-20 wallet to all of the above-listed BRC-20 token exchanges and marketplaces to trade Bitcoin-native tokens. 

How to Mint a BRC-20 Token Using Xverse Mint

Xverse has launched Xverse Mint, a new app for minting BRC-20 tokens faster and at low fees, thanks to bulk minting. 

Here is how you can use the app to mint a BRC-20 token:

  • Open the Xverse Mint app.
  • Choose the token you wish to create and click “Mint.”
  • Enter the required details and hit “Submit.”

And that’s it! That’s how easy it is to mint the latest BRC-20 tokens using Xverse Mint and your Xverse wallet. 

Your BRC-20 tokens will appear in your Xverse wallet after the block the tokens were minted in has been mined. 

Securely Store, Manage & Mint BRC-20 Tokens with Xverse

Xverse is the leading Bitcoin wallet for Web3, supporting both layer-1 and layer-2 Bitcoin assets ranging from Ordinal inscriptions, rare satoshis, and BRC-20 tokens to Stacks (STX), Stacks-based tokens, and more. 

In its endeavor to serve the Bitcoin community, Xverse has recently introduced Xverse Mint, a BRC-20 token minting app that enables users to create tokens in one step. Xverse Mint users can also save on fees by bulk minting BRC-20 tokens for the price of one, making Xverse Mint one of the most user-friendly, low-cost BRC-20 minting platforms. 

FAQs

What is the market cap of BRC-20?

According to CoinGecko, the current market cap of BRC-20 tokens is $630.9 million at the time of writing. ORDI is the largest BRC-20 token by market cap, followed by TRAC, DFUK, MOON, and DOMO, in that order. 

In May 2023, the market capitalization of BRC-20 tokens surpassed the $1 billion mark due to investor speculation despite the creator's warnings that they have no financial value. There are currently more than 50,000 BRC-20 tokens in existence.

What is the trading volume of BRC-20?

As of this writing, BRC-20 tokens have a 24-hour trading volume of $87.1 million, according to CoinGecko data. This amount is much less than the 24-hour trading volume of $207.7 million recorded in early March when the tokens exceeded a market cap of $1 billion.

Compared to the crypto market’s total 24-hour trading volume, which is presently $44.2 billion, it is clear that the BRC-20 token market is growing fast, considering it’s only been around for nine months.

Where can I buy BRC-20 tokens?

You can buy BRC-20 tokens using your Xverse wallet on Ordinals marketplaces, such as OKX Ordinals Market and Unisat, and ALEX, a decentralized Bitcoin exchange. Alternatively, you can also purchase BRC-20 tokens on centralized exchanges, such as Binance, Gate.io, and KuCoin. 

Where can I sell my BRC-20 tokens?

You sell your BRC-20 tokens on Ordinals marketplaces like Ordinals Wallet and Unisat, decentralized exchanges like ALEX, and centralized exchanges such as Binance, KuCoin, and Gate.io. Remember you need a Bitcoin Ordinals wallet with BRC-20 support to securely store and manage your BRC-20 tokens. 

How do I transfer BRC-20 tokens?

Once you have minted a BRC-20 token, you may want to transfer it to another wallet, such as an exchange wallet, so you can trade the token. 

To do this using your Xverse wallet, all you need to do is select the BRC-20 token you want to transfer, enter the desired amount and the receiving address, and then hit ‘Confirm.’

Published in
BRC-20 Tokens
DeFi
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