How to Buy Rare Sats: A Step-by-Step Guide
Learn how to buy rare sats in this beginner’s guide on purchasing rare and uncommon satoshis using Xverse wallet.
Rare and exotic satoshis have become popular among collectors in the Bitcoin community, who are willing to pay a premium for these types of satoshis. With the emergence of Ordinals marketplaces that support rare satoshis, you can now seamlessly buy rare, uncommon, and exotic sats with bitcoin by connecting your Xverse wallet.
Read on to learn how to buy rare satoshis using your Xverse wallet.
What Are Rare And Exotic Sats?
To understand rare satoshis, we first need to look at satoshis. Satoshis are the smallest unit of bitcoin (BTC), named after the original creator(s) of Bitcoin, Satoshi Nakamoto. One satoshi is one hundred millionth of a bitcoin. However, not all Satoshis are made equal.
Rare satoshis are sats that contain special attributes called “satributes,” which are being traded by collectors who consider some satoshis more valuable than others.
Examples of rare sats as classified by the Rodamor Rarity Index include:
- Uncommon sats: The first satoshi of each block.
- Rare sats: The first satoshi of every Bitcoin halving epoch.
- Epic sats: The first sats on the Genesis block.
Moreover, there are also satoshis called exotic sats, which have been deemed special and unique by the Ordinals community. Examples of exotic sats include:
- Pizza sats: Satoshis from the infamous Papa John’s pizza purchase from May 22, 2010, which is widely regarded as the first commercial Bitcoin transaction.
- Block 9: Satoshis from one of the earliest blocks mined on the Bitcoin blockchain.
- Block 78: Satoshis from the first block mined by Hal Finney.
- Vintage sats: Satoshis from the first 1,000 blocks that were mined on the Bitcoin blockchain.
Now, let's look at how you can get your hands on rare and exotic satoshis from top Ordinals marketplaces using your Xverse wallet.
How to Buy Rare Satoshis
Magic Eden has emerged as one of the most popular Bitcoin Ordinals marketplaces. We will use this platform to show you how to buy rare and uncommon satoshis using your Xverse wallet.
Here are six simple steps to buy rare sats on Magic Eden with your Xverse Wallet browser extension.
- Go to the Magic Eden website and click the Discover icon on the top left to access the rare sats collections.
- Browse the collections to find the rare satoshis you want.
- Connect your Xverse Wallet to the marketplace to start the buying process.
- Once you click on the rare sats you want to buy, a pop-up will appear with the details of the UTXO and the fee rate options of low, medium, and high. Select a fee that suits your needs and click ‘Buy Now.’
- Approve the transaction with your Xverse Wallet, and you will get a notification that your transaction has been submitted to the mempool.
The transaction is complete once your sats are successfully deposited to your Xverse Wallet.
Where Can You Buy Rare and Uncommon Satoshis?
In addition to Magic Eden, there are several other dedicated Ordinals marketplaces that enable you to buy and sell rare and uncommon satoshis, such as Magisat and Bitcoin Magazine’s Rare B.TC.
Magisat is a peer-to-peer marketplace for rare and uncommon satoshis that leverages Partially Signed Bitcoin Transactions (PSBTs) to facilitate trading. The platform features various categories of rare satoshis, some with historical significance or unique attributes known as "Satributes," which make them rare or interesting for collectors.
To participate in trading on Magisat, you can connect your Xverse wallet. Xverse is one of the two supported Ordinals wallets for this platform and the preferred option for most rare sats collectors.
Rare B.TC is a marketplace specializing in rare Bitcoin collectibles operated by Bitcoin Magazine. This platform offers sub-100 inscriptions, uncommon and rare satoshis (sats), and other unique items.
It operates through a white-glove over-the-counter (OTC) desk, providing a premium service for sourcing rare and uncommon sats at competitive prices. This service is designed to cater to the needs of demanding projects and individual collectors.
Securely Store and Manage Your Rare And Exotic Sats with Xverse
To securely store and manage your rare, uncommon, and exotic sats, download Xverse on mobile or install the Xverse Chrome Extension.
Xverse is a self-custody wallet that seamlessly connects you to the Bitcoin Web3 ecosystem and gives you access to all popular Ordinal marketplaces. Moreover, you can also manage all your Bitcoin Ordinals, BRC-20 tokens, Stacks assets, and BTC using Xverse.
Securely buy, store, sell, and explore rare and exotic satoshis with Xverse Wallet today!
How do I know if I have a Rare Satoshi?
You can check the rarity of your satoshis using your Xverse Wallet. The self-custody wallet automatically shows you if you hold rare sats according to the Rodarmor Rarity Index.
You can also check if you own rare sats on popular marketplaces like Magic Eden and Magisats. To check your item's rarity on Magic Eden and Magisat, connect your Xverse Wallet to their website and scan your bitcoin holdings.
There are different categories of rare sats, and their rarity level determines their worth.
How many uncommon Satoshis are there?
Rare sats are categorized according to the Rodarmor Rarity Index in groups like epic, legendary, uncommon, epic, and rare. Uncommon Sats are the first Sats in a block, and there are currently almost seven million in circulation. The Rodarmor Rarity Index uses Ordinals Theory to identify uncommon Sats and quotes 3,437 as the total supply of rare satoshis.
However, Bitcoin users also use different Bitcoin ecosystem historical events, milestones, and other factors to determine rare sats, which increases the pool of rare and uncommon collectible satoshis.
For example, you can also find exotic sats, which are satoshis in Block 9 that were part of the first-ever Bitcoin transaction sent from Satoshi Nakamoto to Hal Finney. If you are lucky enough to acquire exotic satoshis, you can store them securely in your Xverse wallet.
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