Where to Buy Bitcoin Ordinals: Top 7 Marketplaces
Discover a list of the best Bitcoin Ordinals marketplaces you will find if you’re looking for where to buy Bitcoin Ordinals.
When the Ordinals market kicked off at the start of 2023, creators and early collectors formed communities on Discord channels to trade Ordinal inscriptions.
While over-the-counter trading persists in the Ordinals community today, most trading has moved to Bitcoin Ordinals marketplaces. Dedicated marketplaces have been launched throughout the year, addressing the fast-growing demand for user-friendly platforms to trade Ordinal inscriptions.
Read on to discover a list of the best Bitcoin Ordinals marketplaces.
Best Bitcoin Ordinals Marketplaces
Numerous specialized Bitcoin Ordinals marketplaces have launched since the first Ordinal was inscribed at the start of the year. Additionally, several established NFT marketplaces have added support for Bitcoin Ordinals due to the growing demand for these new types of Bitcoin NFTs.
According to Dune Analytics, as of November 2023, the total Ordinals trading volume is over $395 million, with more than 200,000 unique inscription traders.
So, let’s dive in and look at the best marketplaces where you can buy and sell Bitcoin Ordinals today.
Gamma is a leading Bitcoin NFT marketplace featuring a trustless Ordinals marketplace built directly on Bitcoin Layer-1. It consists of three main features: a no-code launch pad that helps Bitcoin artists create digital assets, an open marketplace where you can explore and buy Bitcoin Ordinals, and a cutting-edge API infrastructure.
Moreover, Gamma offers a fiat-to-crypto on-ramp, allowing you to purchase Bitcoin to fund your connected wallet using fiat currency.
Magic Eden is a multi-chain marketplace that has expanded to support the trading of Bitcoin Ordinals. The platform allows creators to inscribe data on the Bitcoin blockchain with a unique launchpad that assists in kickstarting their projects. Artists are required to go through a rigorous application process, and only 5% become part of the launchpad.
Magic Eden has partnered with Ordinals-compatible wallets like Xverse to provide a seamless wallet-connecting user experience that NFT collectors from other ecosystems are familiar with.
OKX NFT Marketplace
OKX launched an Ordinals marketplace to support the minting and trading of Bitcoin Ordinals. The marketplace supports bulk buying, and it aggregates listings from different Bitcoin NFT marketplaces. Moreover, it has zero listing fees to empower more artists to participate in the ecosystem.
OKX ensures user safety by implementing rigorous creator verification to reduce the chances of listing counterfeit NFTs. The platform also employs advanced security measures, including multi-factor authentication and offering cold storage for digital assets.
Ordinals Market is an Ordinals marketplace that allows you to browse, buy, and sell digital artifacts. The platform has a user-friendly interface that lowers barriers to entry for beginners and supports bulk buying to allow collectors to purchase multiple pieces at once. Moreover, Ordinals Market enhances buyer security by verifying all Ordinals listings.
Ordinals Wallet provides a community-funded Ordinals inscription trading marketplace for buying and selling Bitcoin Ordinals. Like with all of the marketplaces listed in this guide, you can connect your Xverse wallet to the Ordinals Wallet marketplace to interact with the platform.
Ordzaar is a marketplace where you can buy, sell, and explore Ordinals. It provides a fully on-chain Bitcoin Ordinals launchpad and doesn't charge creators platform fees. The creator-friendly approach also includes paying artist royalties in the platform's latest update.
Unisat is an NFT marketplace where you can create, trade, and manage Bitcoin Ordinals. It's a decentralized application (dApp) with an API infrastructure that allows you to seamlessly inscribe satoshis with a range of different types of data. Additionally, Unisat supports over 1,500 existing Ordinals collections automatically, utilizing data stored in dedicated GitHub repositories.
How Do Bitcoin Ordinals Marketplaces Work?
Bitcoin Ordinals marketplaces typically use Partially Signed Bitcoin Transactions (PSBTs) to facilitate the trustless buying and selling of Bitcoin Ordinals.
In an Ordinals marketplace, PSBTs are used when a seller wants to collaborate in signing the same transaction with a buyer. First, the seller will make a PSBT file with the Ordinals price and initiate a transaction by partially signing it. The seller then sends the file that is partially signed to the buyer for signing.
Once the buyer signs the transaction, they broadcast it to the network. PSBTs facilitate the portability of unsigned Bitcoin transactions, enabling the seller to initiate the transaction and the buyer to complete it, thus enabling trustless Ordinals trading via a secure marketplace.
While that happens in the backend of a marketplace, you only have to access the marketplace, connect your Ordinals wallet, choose the Ordinal inscription you’d like to buy with BTC, and complete the purchase by confirming the transaction using your wallet.
Securely Buy and Store Your Bitcoin Ordinals Using Xverse
Xverse is a non-custodial, Bitcoin Ordinals-compatible Bitcoin wallet built for the growing Bitcoin Web3 ecosystem.
You can connect your Xverse wallet to all major Ordinals marketplaces to securely buy, store, and sell Ordinal inscriptions with ease. What’s more, you can use the market-leading Bitcoin NFT wallet to securely store your rare and uncommon satoshis.
What is an Ordinals Marketplace?
An Ordinals marketplace is a digital platform that allows you to inscribe, buy, sell, and browse Bitcoin Ordinal inscriptions. Ordinal inscriptions can come in the form of Bitcoin art, digital collectibles, and rare satoshis. Most Ordinals marketplaces are established NFT platforms that have added support for Bitcoin Ordinals as a result of the growing demand for digital artifacts.
Where can you buy Bitcoin Ordinals?
You can buy Bitcoin Ordinals on specialized Ordinals marketplaces that provide a platform for the seamless buying and selling of Ordinal inscriptions. Examples include Magic Eden, Gamma, and Ordinals Market.
Moreover, you can also buy Ordinals over-the-counter on Discord servers dedicated to trading Bitcoin-native digital artifacts. These Discord servers are typically managed by the communities of individual Ordinals collections.
Where can I sell my Ordinals?
You can sell your Ordinals in various ways, including on Discord, by listing them and having peer-to-peer over-the-counter deals on dedicated servers. However, these servers can be hard to access, have higher risks of getting scammed, and require trusting a third party for escrow. You can also sell your Ordinals on NFT marketplaces that support Bitcoin Ordinals, like Gamma, Magic Eden, and Ordinals Market.
Where can I trade Ordinals?
You can sell your Ordinals on specialized Bitcoin Ordinals marketplaces that enable you to buy and sell Ordinal inscriptions in a user-friendly manner. Additionally, a handful of established digital asset exchanges and NFT platforms have added support for Ordinals, enabling you to sell your digital artifacts.
Peer-to-peer sales through dedicated online communities on Discord and other social media platforms are also an option. Still, more caution is required when trading directly on a peer-to-peer basis without the security of a dedicated marketplace facilitating the transactions.
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