Trading Bitcoin Ordinals NFTs on Magic Eden
🎯 Course Objectives
By the end of this module, learners will:
Connect their Xverse wallet to Magic Eden
Browse and search for Bitcoin Ordinals NFTs
Understand the unique aspects of trading NFTs on Bitcoin
Purchase an Ordinal inscription
List an Ordinal inscription for sale
Primary Blockchain: Bitcoin (Ordinal inscriptions)
Tools/Platforms: Magic Eden (Ordinals marketplace), Xverse Wallet
🧰 Step-by-Step Guide
1. Connect Xverse Wallet to Magic Eden
Navigate to Magic Eden's Ordinals Marketplace.
Click the "Log In" button in the top-right corner.
Select "Xverse" from the list of wallet options.
Authorize the connection by approving the prompt in your Xverse wallet.
Note: Ensure your Xverse wallet is funded with BTC to cover transaction fees.
2. Browse and Search for Ordinals
Use the search bar or explore featured collections on the homepage.
Filter results by categories, price, and other attributes to narrow down your options.
3. Understand Bitcoin Ordinals Trading
Bitcoin Ordinals are unique in that they are inscribed directly onto individual satoshis, the smallest unit of Bitcoin.
Unlike Ethereum-based NFTs, Bitcoin Ordinals do not rely on smart contracts.
Transactions are conducted using Partially Signed Bitcoin Transactions (PSBTs), enhancing security and decentralization.
4. Purchase an Ordinal Inscription
Click on the Ordinal you wish to purchase to view its details.
Click the "Buy Now" button.
If prompted, click "Prepare your wallet" and confirm the transaction in your Xverse wallet.
Wait for the Bitcoin network to confirm the transaction. This may take several minutes.
Once confirmed, the Ordinal will appear in the "Collectibles" section of your Xverse wallet.
5. List an Ordinal Inscription for Sale
Navigate to your profile by clicking on your wallet address in the top-right corner and selecting "My Items."
Click on the Ordinal you wish to list.
Click the "List for Sale" button.
Enter your desired sale price in BTC.
Review the listing details and confirm the transaction in your Xverse wallet.
Your Ordinal will now be listed for sale on Magic Eden.
date published
reading time
3 min read