The Bitcoin network, long regarded primarily as a store of value, has recently evolved beyond its original purpose. With the introduction of protocols like BRC-20, ARC-20, and SRC-20, Bitcoin has expanded into a dynamic ecosystem supporting decentralized applications (DApps), Layer 2 solutions, and diverse digital assets. This guide will walk you through how to leverage OKX Web3 Wallet—a comprehensive tool for navigating Bitcoin’s growing ecosystem—covering everything from asset acquisition to advanced DeFi strategies.
Part 1: Acquiring and Trading Bitcoin-Based Assets
Obtaining Bitcoin
For users new to Bitcoin, OKX Web3 Wallet offers multiple ways to acquire BTC:
- Direct deposit from OKX exchange accounts via multiple address formats (Taproot, Legacy, etc.).
- Cross-chain swaps using OKX DEX to convert ETH, USDT, or other assets into Bitcoin.
👉 Learn more about secure Bitcoin transactions
Trading Inscriptions and BTC NFTs
Bitcoin’s ecosystem supports two primary asset types:
- Inscriptions (BRC-20, ARC-20, etc.) – Tradable on OKX’s industry-leading marketplace with zero platform fees.
- BTC NFTs – Available on OKX’s NFT marketplace for seamless buying/selling.
Key Features:
- Batch purchases/transfers for efficiency (up to 10 orders per transaction).
- Batch inscription tool (supports 1,200 inscriptions per BTC transaction).
UTXO Management & Safety
- UTXO Unlocking: Reclaim stuck BTC by removing obsolete inscriptions.
- Asset Isolation: Unique warnings prevent accidental burns during transfers.
Part 2: Exploring Bitcoin DApps and Layer 2
Discover Trending Projects
Use OKX’s Discover tab to interact with emerging Bitcoin DApps like:
- Rune Alpha (Runes protocol) – Manage assets and check airdrops.
- Nostr Assets (Lightning Network) – Utilize batch transfer tools.
Bitcoin Layer 2 Networks
OKX supports Merlin Chain and B² Network, enabling:
- One-click network switching.
- Direct access to L2 DApps via the Discover tab.
👉 Explore Bitcoin Layer 2 opportunities
Part 3: Earning with Bitcoin
On-Chain Staking
- Stake BTC via OKX’s DeFi platform for passive income.
- Participate in limited-time yield-boosting campaigns.
Exclusive NFT Benefits
- Access whitelist spots for NFT drops through OKX’s Drops platform.
- Example: Early adopters of Babylon testnet earned Pioneer Pass NFTs.
Why OKX Web3 Wallet?
- First-mover support for XRC-20 protocols.
- Integrated ecosystem (DEX, NFT, DeFi) under one roof.
- Security-focused: No private key exposure for inscriptions.
With Bitcoin ETFs and institutional adoption rising, OKX Web3 Wallet positions users at the forefront of this financial revolution.
FAQs
1. How do I start using OKX Web3 Wallet for Bitcoin?
Download the wallet, fund it via exchange deposit or swap, and explore its built-in tools for trading/staking.
2. Is there a fee for trading inscriptions?
OKX charges zero platform fees for BRC-20/ARC-20 trades.
3. What’s the advantage of Bitcoin Layer 2 networks?
They offer faster transactions and lower costs vs. the base chain.
4. How does UTXO management work?
It frees up BTC locked by defunct inscriptions—accessible via the wallet’s UTXO tool.
5. Can I earn yield on Bitcoin?
Yes, through staking or DeFi campaigns in OKX’s platform.