All Collections
Platform Basics
NFT and Token Ecosystem
A Guide to Purchasing BRC-20 Tokens on Magic Eden
A Guide to Purchasing BRC-20 Tokens on Magic Eden

Step-by-step instructions for buying BRC-20 tokens on Magic Eden

cavpatrol avatar
Written by cavpatrol
Updated over a week ago

Learn how to purchase BRC-20 tokens directly on Magic Eden with our easy-to-follow guide. This article provides step-by-step instructions to help you navigate the process seamlessly.

Search for BRC-20 Tokens

  • Start by using our search module to look for BRC-20 collections on Magic Eden. To confirm if a token is BRC-20, check the category displayed in the search drop-down menu.

Access Token Details

  • Once you've found the desired BRC-20 collection, click on it to access the collection page. If you've previously purchased Ordinals on our website, this page may look familiar to you.

Understanding Token Listings

Keep in mind that when purchasing BRC-20 tokens, you cannot choose the exact amount you want to buy. The BRC-20 standard requires tokens to be listed with predefined quantities and specific prices.

Review Purchase Details

  • All the necessary purchase details, including the 'Quantity' of the token, 'Price (per token),' and the total price, are available on the item details page. Take a moment to review this information before proceeding.

Initiating the Purchase

  • When you have made your decision and are satisfied with the defined quantity and price, click on the 'Buy Now' button located on the right-hand side of the screen.

Selecting Network Fees

  • After clicking 'Buy Now,' you will be directed to a module where you can choose the network fee you wish to pay. An estimated cost will be provided to help you make an informed decision.

Confirming the Transaction

  • Once you've selected the network fee, click on the 'Confirm' button. This will redirect you to your connected wallet, where you'll need to sign the transaction. Upon successful signing, a message confirming the submission to the mempool will be displayed.

Waiting for Confirmation

Please note that transaction confirmation time may vary depending on the congestion of the Bitcoin Network. Be patient as you wait for the transaction to confirm. Once confirmed, you will find the purchased BRC20 tokens in your wallet.

Token Status and Further Actions

In your wallet, the purchased item will appear as a transfer with the status labeled as 'Void.' This indicates that the transfer transaction has been successfully completed. If you wish to send the tokens to another wallet or list them on our platform, you will need to create another transfer inscription to finalize the process.

These examples above are taken using Xverse wallet, please refer to other wallet providers documentation as to how this specific information is displayed.

By following these step-by-step instructions, you can easily purchase BRC-20 tokens on Magic Eden. Remember to review the details carefully, choose the appropriate network fee, and patiently wait for confirmation. Enjoy your new BRC-20 tokens and explore the possibilities they offer!

Did this answer your question?