The introduction of the Ordinals protocol contributed to the development of the BRC-20 token standard, through which fungible tokens can be minted and transferred on the Bitcoin blockchain.
BRC-20 tokens benefit from Bitcoin’s inherent properties and are only transferable to Bitcoin wallets that support Ordinals. Therefore, you must use Bitcoin wallets that support the BRC-20 standard to store and manage them.
Read on to learn about the best wallets that support BRC-20 tokens.
What Is BRC-20 on Bitcoin?
BRC-20 is a token standard for the minting and issuance of fungible tokens on the Bitcoin blockchain.
BRC-20 is based on the Ordinals protocol, which is a numbering scheme for satoshis. The protocol allows users to inscribe additional data into sat, giving rise to a market for on-chain NFTs and digital collectibles on Bitcoin.
BRC-20 tokens are created using JSON (JavaScript Object Notation) to define token features such as name, supply, symbol, etc., and inscribe the JSON code onto a satoshi.
The BRC-20 token standard is similar to the ERC-20 token standard on the Ethereum network. However, BRC-20 tokens do not rely on smart contracts.
Top 5 BRC-20 Wallets for 2024
BRC-20 tokens can be stored in any Bitcoin wallet that supports the BRC-20 token standard. The following is a list of the top BRC-20 compatible wallets.
Xverse
Xverse is a Web3 Bitcoin wallet that enables you to store, send, and receive BTC, Bitcoin Ordinals, and BRC-20 tokens, among other tokens built on Bitcoin and Stacks.
You can manage all your BRC-20 tokens using the Xverse BRC-20 wallet mobile app, available on Android and iOS, or their browser extension. You can also mint BRC-20 tokens using the Xverse Mint App and trade BRC-20 tokens by connecting Xverse to all leading Ordinals marketplaces.
Pros
- Self-custody of your assets: Users retain control of their private keys.
- Earn Bitcoin from the staking pool: You can lock your Stacks (STX) with the Xverse pool to earn rewards paid in Bitcoin.
- Multiple device support: The wallet is available on Google Play Store and Apple Store. It can also be used as a browser extension on Chrome.
Cons
- No advanced tools for traders: The wallet may not appeal to experienced traders who are interested in advanced tools that will help them trade.
OKX Web3 Wallet
OKX Web3 Wallet allows you to access many Web3 assets, supports Ordinals and the BRC-20 token standard, and allows you to access different dApps.
Pros
- Self-custody of your assets: Users retain control of their private keys.
- Multiple device support: The wallet is available on Google Play Store and Apple Store. It can also be used as a browser extension.
- Multi-asset support: You can access thousands of crypto assets and connect to DeFi protocols and NFT marketplaces.
Cons
No advanced tools for traders: The wallet may not appeal to experienced traders who are interested in advanced tools that will help them trade.
Leather Wallet
Leather is a Bitcoin wallet that allows users to store, send, and receive Bitcoin-backed assets. Formerly known as Hiro Wallet, the wallet enables you to store and transfer BRC-20 tokens and NFTs from one platform.
Pros
- Self-custody of your assets: Users retain control of their private keys.
- Earn Bitcoin from the staking pool: You can lock your Stacks (STX) with the Xverse pool to earn Bitcoin rewards.
- Desktop support and browser extension: The wallet can be downloaded as a desktop application or as a browser extension on Chrome, Firefox, Brave, and Edge.
Cons
- Lack of mobile support: Wallet is not available for mobile devices.
- No advanced tools for traders: The wallet may not appeal to experienced traders who are interested in advanced tools that will help them trade.
UniSat
UniSat is a crypto wallet that enables users to store and transfer their Bitcoin Ordinals and BRC-20 tokens. The wallet is available as a Chrome extension.
Pros
- Self-custody of your assets: Users retain control of their private keys.
- Seamless integration to UniSat marketplace: You can trade BRC-20 tokens on Unisat’s Ordinal marketplace.
Cons
- No mobile version: Only available on desktop as a Chrome extension.
- No advanced tools for traders: The wallet may not appeal to experienced traders who are interested in advanced tools that will help them trade.
Bitget Wallet
Bitget Wallet is a web3 wallet that supports over 100 chains and allows you to access over 250,000 crypto assets. The wallet enables you to store BRC-20 tokens and Bitcoin NFTs and connect to DeFi protocols.
Pros
- Self-custody of your assets: Users retain control of their private keys.
- Multi-asset support: You can access thousands of crypto assets and connect to DeFi protocols and NFT marketplaces.
- Mobile support: Available for Android and iOS users.
Cons
- Limited wallet features using browser extension: The browser extension on Chrome has fewer features than the mobile version.
It is paramount to weigh all the pros and cons and decide based on your current needs before choosing a BRC-20 wallet. So, choose a wallet that is right for your personal preferences.
