BRC-20 tokens can be created on the Bitcoin blockchain and traded on decentralized marketplaces like the UniSat marketplace. They have reached a market capitalization of $1 billion once, and people are increasingly showing interest in them.
Are you interested in buying BRC-20 tokens? Here's how to buy them on the UniSat marketplace.
Buy BRC-20 Tokens on UniSat
Step 1: Create UniSat Wallet
To create a UniSat Bitcoin wallet, follow this tutorial and create your wallet.
Step 2: Add BTC to Your Wallet
To deposit Bitcoin into your UniSat wallet, copy the wallet address and send certain amount of Bitcoin there.
UniSat offers four types of deposit addresses. Choose the address that best suits your needs.
Step 3: Connect Your Wallet
Visit the UniSat homepage. Click Connect.
Enter your password and click Unlock. Your wallet will then connect to UniSat.
Step 3: Buy BRC-20 Tokens
Go to the UniSat marketplace. Click on the highlighted box and enter the name of the token you want to buy.
Select a BRC-20 token.
You can now see all available offers to buy BRC-20 tokens, including the price and quantity of each offer.
You can also use filters to refine your search and find the offers that are most relevant to you.
Once you have found an offer that you are satisfied with, click the Buy button to purchase it.
To confirm your purchase, click the Confirm button in your UniSat wallet. Once the transaction is confirmed on the blockchain, your order will be placed and you will receive your BRC-20 tokens in your wallet shortly.
Are there any fees involved in purchasing tokens on the UniSat marketplace?
Here are the fees involved when you make a purchase from the UniSat marketplace:
|UniSat Service (1.6%)|
|Bitcoin network fee (custom)|
UniSat marketplace offers a refund policy for failed orders. This means that when your transaction fails on UniSat marketplace, you will be fully refunded your money. You can open the refund request in their discord. They also have useful filters to find the best-suited offers.
Frequently Asked Questions
1. Is it safe to use UniSat marketplace?
UniSat marketplace is generally considered safe to use among the crypto community. It is a decentralized marketplace that allows you to buy and sell BRC-20 tokens. This means that there is no central authority that can control or manipulate the market.
2. What to do when my order fails but funds are not received?
Make sure to copy your order ID when you place an order. You will need it when you file a refund request. Here is an illustrated refund method.
3. How to convert sats to BTC and USD?
You can use this converter to convert satoshis (sats) to BTC and USD.