In the new world on the chain, how to use the OKX Web3 wallet to play with the Bitcoin ecosystem in one stop?

Original author: 0xming

For decades, the value storage of the Bitcoin network has been more significant than the development of applications, but this stereotype was broken last year. After Domo released the token standard BRC-20 on the Ordinals protocol, the Bitcoin network gradually developed new forces such as various XRC-20 protocols and Layer2 networks from the system paradigm of a point-to-point electronic cash system. Since then, Bitcoin, the trust machine that carries the largest consensus in the crypto world, has cleaned up the dust and slowly started, paving the way for the full opening of the new world on the chain.

And with the opening of a new cycle of macroeconomics and industry technology, the arrival of the halving narrative, and the approval of Bitcoin spot ETFs, etc., the Bitcoin market has greatly improved. Due to the attractiveness and accessibility of the currency, the Bitcoin ecosystem is on the rise. However, the early infrastructure planning and construction of the Bitcoin ecosystem is very lagging behind, showing faults and uneven characteristics. User needs urgently need to be met after the explosion of BRC-20 inscription assets, and few development teams can respond quickly and comprehensively. this demand.

For example, only in the current narrative stage of asset issuance such as BRC-20, ARC-20, SRC-20, etc., various temporary delivery wallets, The trading market function is relatively simple and single, and the liquidity is dispersed. In this context, as an early and steadfast builder of the Bitcoin ecosystem, the OKX Web3 wallet team has relied on years of technology accumulation and innovative spirit to quickly respond to user needs, leading the way in accessing BRC-20, ARC-20, SRC-20 and other types of wallets. Asset protocol, and cooperates with NFT, DEX, DeFi and Discover sectors to fully support the Bitcoin ecosystem, helping users enjoy a safe and convenient experience such as better prices and better liquidity while enjoying the Bitcoin ecosystem in one stop.

This article will start from the user's perspective and follow the processes of Bitcoin asset acquisition, trading, exploration, diversified gameplay, etc., to teach step by step how to use OKX Web3 The wallet product has super practical, safe and convenient functions, making it easy to explore the new world on the Bitcoin chain.

1. Acquisition and transaction of Bitcoin and network assets

Bit Coin acquisition

For those users who do not have Bitcoin assets in the Web3 wallet, you can enter the OKX Web3 wallet homepage and select the receive function, and then you can quickly access the OKX exchange account from To deposit money safely, you can choose Taproot, Legacy, Nested Segwit, and Native Segwit different address formats to receive Bitcoins according to the actual situation. Or you can use the OKX DEX section to exchange existing ETH, USDT and other assets across the chain for Bitcoin.

Inscription and BTC NFT transactions

Users who own Bitcoin can trade other assets on the Bitcoin network trade. Bitcoin network assets are divided into two types: Inscription and BTC NFT, which can be simply compared to the ERC-20 assets and NFT of the Ethereum network. Among them, Bitcoin inscriptions are also different according to various XRC-20 token standards such as BRC-20, ARC-20, SRC-20, etc. As the largest inscription market in the industry, users can purchase and sell assets such as BRC-20 and ARC-20 through the OKX inscription market without platform service fees, and enjoy a smooth trading experience. In addition, BTC NFTs can also be traded through the OKX NFT market.

In addition, the current OKX Web3 wallet already supports users to view and transfer SRC-20 assets. In the future, OKX Web3 wallet will soon launch the DRC-20 protocol and so on.

Bulk purchase and batch transfer

For users who want to purchase large amounts of assets, they can The batch purchase and batch transfer functions of the OKX Web3 Wallet Ordinals market can purchase BRC-20 inscriptions and BTC NFT at the same time, and a single transaction purchase supports up to 10 orders, saying goodbye to cumbersome steps and improving transaction efficiency.

Batch engraving

Users can go through the OKX Ordinals market engraving center without importing the private key. The batch engraving function can be used for free. Only a single signature is needed for batch engraving. The BTC network currently supports up to 1,200 single engravings. The EVM network can automatically engrave 50 transactions at a time. It can be used for free without importing a private key, making it safer and more convenient.

UTXO release and asset mis-burning prompt function

Some abandoned inscriptions will occupy UTXO This will cause part of the user's BTC balance to be unavailable. For example, on the premise that the wallet's Bitcoin asset balance is sufficient, it is prompted that normal transfers or gas payments cannot be made. At this time, users can manually select worthless NFTs, as well as invalid BRC-20 and BRC20-S inscriptions through the OKX Web3 wallet UTXO management function, and release the occupation.

In addition, in order to ensure the security of user assets, the OKX Web3 wallet is the first multi-chain wallet to implement Bitcoin asset isolation, which can be used when users transfer Bitcoin assets. Second reminder to avoid accidentally burning assets as much as possible. However, it is worth noting that when linking to a third-party DApp through the OKX Web3 wallet, asset isolation is temporarily not supported. Currently, users can update the OKX APP or OKX Web3 plug-in wallet to the latest version to experience it immediately.

2. Bitcoin ecological DApp exploration and diverse gameplay

Discover and interact with popular projects in the Bitcoin ecosystem h2>

For users who want to quickly explore the Bitcoin ecosystem but don’t know how to start or which projects to participate in, they can quickly discover and quickly discover it through the OKX Web3 Wallet Discover section. Interact with the Bitcoin ecosystem and explore opportunities on the chain.

For example, the current OKX Web3 wallet is the first to support the Rune Alpha protocol of the popular rune track in the community. Users can view and manage the Rune Alpha protocol through the OKX Web3 wallet. Assets, and Rune Stone airdrop inquiries, etc. In the future, OKX Web3 wallet will also support Runes protocol. For another example, the OKX Web3 wallet also responded very promptly to community users’ interactive needs for the Nostr Assets protocol on the Lightning Network track, and launched the Nostr Assets batch transfer tool. Through rapid product iteration, OKX Web3 wallet helps users explore new applications on the Bitcoin chain immediately.

Get whitelist qualifications and other benefits

Whether you are a novice user or an experienced on-chain user , you can use the Drops section of the OKX NFT market's exclusive first-level issuance platform. Not only can you participate in the issuance of high-quality NFT assets at a preferential price for the first time, but you can also obtain the exclusive whitelist of the project party by completing designated tasks. Better capture revenue opportunities. For example, between February 28 and March 6, 2024, the first 100,000 users who participate in the Bitcoin staking protocol Babylon testnet staking activity through the OKX Web3 wallet plug-in will be eligible for the Pioneer Pass whitelist for a limited time.

Explore the Bitcoin Layer2 network

OKX Web3 wallet is now connected to Merlin Chain and B² and other networks, users do not need to manually configure, and can switch to the Merlin Chain network with one click for corresponding currency management. In addition, Merlin Chain network ecological DApp interaction can be simultaneously realized in the OKX Web3 wallet discovery section.

3. Diversified income scenarios of Bitcoin

Staking on the Bitcoin chain

For users who already own Bitcoin, you can use the DeFi section of the OKX Web3 wallet one-stop on-chain investment platform to pledge Bitcoin assets on the chain and earn less Gas. On-chain income. Or you can also participate in OKX DeFi’s irregular interest rate hike activities, increase income scenarios, etc.

OKX Web3 wallet consolidates the infrastructure and helps users better explore the Bitcoin ecosystem

Limited by the original design intention , community consensus and many other factors, although Bitcoin still cannot fully replicate the various customizations and diverse gameplay of the Ethereum network, its pioneering changes are exciting enough and will reach more possibilities. Bitcoin has a new narrative other than the halving, and its impact on miners and the Bitcoin network is also weakening with the arrival of the satoshi narrative. Driven by Cong Narrative, how to quickly respond to market demand and launch convenient and safe products has become a proposition for industry builders.

As the earliest and steadfast builder of Bitcoin, OKX Web3 wallet started from supporting asset protocols such as BRC-20 by overcoming technical difficulties and increased costs. , building the largest decentralized market and becoming the first Web3 wallet to fully support XRC-20. In addition, through the collaboration of DEX, NFT market, Discover and other major sectors, we create one-stop infrastructure products for the Bitcoin Satoshi era, quickly respond to user needs, and at the same time, exert a demonstration effect and lead the construction of Bitcoin infrastructure.

With the launch of traditional securities firms, Bitcoin has gained the attention of the world's largest liquid financial market, showing a broad space. In this era, users only need to find and choose safe, convenient, and comprehensive tools such as OKX Web3 Wallet in order to improve efficiency and gain new insights.