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

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