Interest in Bitcoin Ordinals continues to grow, so here’s a general overview of how to trade them on Magic Eden…
1. Go to Magic Eden and click on “BTC” at the top-left of the screen.
2. Connect your Bitcoin Xverse wallet, approve the connection, and you’re ready to go.
Some of the things I like to look at when analyzing Bitcoin Ordinals projects on Magic Eden are…
1. Total Supply – tells you how many BTC Ordinals are in the collection.
2. Owners – tells you how many unique wallets hold Ordinals from the collect which is a measure of decentralization.
3. Listed – tells you how many are currently listed. A low the number listed is typically an indicator of a healthy project.
4. Range – The range of Bitcoin Ordinals inscription numbers in the collection. Low inscription numbers tend to trade at a premium because they were early.
The Bitcoin Ordinals protocol was created in early 2023. It allows individual SATs to be inscribed with a unique identifier and transacted with extra data attached. That data is often “image/webp” but can also be video and and other content types.
Check out some of our other Bitcoin wallet tutorials that will help you get started in Ordinals…
Real example of Buying Bitcoin Ordinals on Magic Eden: https://youtu.be/_1uUCVI_yKg?si=yHRf2K7X8GD37-p6
Example of buying Rare Sats on Magic Eden: https://youtu.be/3-tf6u1Dmd8?si=Ukd7FJpItFErReSu
Xverse Wallet Tutorial / How to Create Xverse Wallet for Bitcoin Ordinals: https://youtu.be/fR4NwbhWsvM?si=y1cIGBjq2eIwvsR8
How to send Bitcoin from Coinbase to your Xverse wallet: https://youtu.be/aWgKqk-_ZBE?si=fHeUqLuFBKDnQ5wA
Go to our website for more tutorials on getting started in crypto and Bitcoin NFTs: https://stouy.com/guide-to-bitcoin-defi-and-nft-ecosystem/
Song: French Morning
Music by: CreatorMix.com
This video is for entertainment purposes only. It is not financial advice and is not an endorsement of any provider, product, asset or service. Crypto is high risk, you can lose your money. Links above include affiliate commission or referrals.
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