Deposit $ORDI on Binance in One Step: A Quick Guide
With Xverse, you can easily transfer BRC-20 tokens in just one step (no transfer inscription necessary)!
In this article, we'll guide you through the process of depositing and withdrawing BRC-20 token $ORDI on Binance, one of the leading cryptocurrency exchanges in the world. With Xverse, you can easily transfer BRC-20 tokens in just one step—no transfer inscription necessary!
What are BRC-20 Tokens?
BRC-20 (Bitcoin Request for Comment 20) is an experimental standard for fungible tokens on the Bitcoin blockchain. Created by a pseudonymous developer named "Domo," it was inspired by the Sats Names standard and is powered by Ordinals, a protocol that assigns ordinal numbers to satoshis. BRC-20 allows the creation, transfer, and tracking of digital tokens on the Bitcoin blockchain while maintaining the integrity of the Bitcoin protocol. Although it's described as an experimental and simple standard, BRC-20 offers a unique approach to fungible tokens on the Bitcoin network.
How to Deposit ORDI in Binance Using Xverse
Before you can deposit or withdraw BRC-20 tokens on Binance, you’ll need to sign up for a Binance account on their official website and Complete Identity Verification (KYC).
Next, you’ll need to fund your Binance account. Follow these steps to deposit $ORDI from your Xverse wallet:
- Step 1. Log in to Your Binance Account: Go to Binance's official website and log in. Then select “Deposit Crypto”.
- Step 2. Generate Your Deposit Address: From there, you will come to a 3-step dropdown menu. Under “Select Coin”, choose $ORDI from the search bar. Then select “ORDIBTC” for the network and copy the Binance deposit address. Ensure you send your tokens to this address only.
- Step 3. Transfer Tokens: Once you have the deposit address copied, open your Xverse wallet and select your $ORDI tokens. Select “send” and paste the Binance deposit address. You can then enter the amount of $ORDI you’d like to deposit and confirm the transaction. Be sure you have some BTC to cover your gas fee.
- Step 4. Wait for Confirmation: Binance will process your deposit, and the tokens will appear in your Binance account once the transaction is confirmed.
That’s it! You've successfully learned how to deposit BRC-20 tokens on Binance using Xverse. Keep in mind that transaction times and fees can vary based on network traffic, so always check the latest details on Binance's platform.
We hope this guide has been helpful to you. If you have any questions or need further assistance, feel free to reach out to the Binance support team or explore more articles the Xverse blog.
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