How To Buy BRC-20 Token?

The main way to buy BRC-20 tokens is through the Unisat Wallet application and extension. Unisat Wallet is the first open-source wallet for Ordinals that enables the Bitcoin network. We will use this wallet to buy BRC-20 Tokens. First of all, we should download the application or extension on our devices. We will continue to talk about this over extension type. 

You can download the extension using Google Chrome Web Store. After that, you must set it as a normal cryptocurrency wallet like Metamask, Phantom, Keplr, etc. If you don’t have a Metamask wallet or any more, you can interact with the link below.

You might also like: How To Setup Metamask?

We must click the “Create a new wallet” button. After that, the wallet will present our new screen. In this screen, we will see 12 phrases. We definitely should take these phrases as a note. Because if our device has a problem, we can keep our assets using them. In step 1 we must do them.

After completion of the phase, we will set network addresses, which we will use for trading, swapping in the Bitcoin network. There are available 4 types of network addresses. They are Native Segwit, Nested Segwit, Taproot, Legacy. The most important address is Taproot. Because we will use the address type for deposit and withdraw produces. Especially, if we want to deposit Bitcoin from CEXes, we must use only this address.

You don’t have to choose a custom HdPath and Phrase. You already had a new Bitcoin Wallet and you already were the network user. Congratulations!

We will face a new interface after setting the wallet. In there, we can deposit Bitcoin using the “Buy” button. At the same time, we can send BTC to other addresses and receive from them. We are saying again that you should use the Taproot address when depositing from CEXes. If you select the Segwit address, you must send your assets to Taprrot again. Because right now trading is enabled with that.

How To Use Unisat Marketplace?

You must click the second button below. In there, you will face 4 types of BRC-20 NFTs: Image, text, video, and audio. You can buy them using your BTCs. But the NFTs are selling using sats (satoshi).

How to Deposit Crypto on Unisat Wallet?

You can deposit crypto using any CEX (centralized exchanges) like Binance, OKX, Kucoin, Gate.io, etc. If you don’t have an account, you can click these exchange names. At the same time, you will get a %20 discount for paying fees as a special for CoinEngineer users. We will give an example of Binance. After creating a Binance account we will use our wallet in there. It is available with the “Withdraw” button. We will paste our Taproot address on there and choose BTC as a coin. After a minimum of 15-20 minutes assets will be on Unisat Wallet.

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How To Set Up Metamask?

Metamask has 2 versions: Mobile, and Extension. If you want to use the mobile version, you can download it using Google Play or App Store. But the Extension version is available on the Chrome Store. 

An extension version exists on the Chrome Store. And you click the “Add to Chrome” button to get it. After that, you must click the “Add extension” button and the downloading process has been completed.

The first task was completed. So, we had already downloaded the app to our own devices. Secondly, we should set our own keywords. For the first time, it gives you unique 12 words. And you should save and keep them. Because they are key to your money. If somebody burgles them, he/she will be the new owner of your money. That’s why you should keep them on a piece of paper or secure digital storage.

You might also like: How To Get Free Airdrops On CoinMarketCap? 

You will see a new window. In there, Metamask asks you a question: “New to Metamask?”. If you already had a recovery phase (12 words), you don’t need any new Metamask. That’s why you must choose your first choice. On the contrary, you should choose the second choice, in this case, you will get a new secret recovery phase.

Later on, you should write all recovery phases in a specific area, because Metamask requires it for creating a new wallet.

And then, you need a password. Please, pay attention to security. First of all, you should save your own recovery phase and password. And don’t forget them. Because, if you forget them, you lose your own assets and in this situation, there is one responsible person, and that’s you.

In the end, you will face a new window about doing all tasks. Congratulations! You had already been to a Web 3.0 user! 

If you want to learn about the details of Metamask, you can visit the Coin Engineer YouTube channel and watch the video about the topic.

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You can access details and content about the AMA from there.

First of all, Ledger Authorities introduced themselves and briefly mentioned their works.

I’m Dan from Ledger Support, my business is providing keeping your cryptocurrencies secure. I’m excited to meet the community and become here.

My name is Prinjal, and I work for Ledger as a Senior Crypto Experience Specialist.

Our Ledger AMA event started with some introductory questions which we asked as CoinEngineer. These questions and answers are:

Q1: What is Ledger? What is it used for?

A1:I’ll take that question, in a nutshell, Ledger is a hardware wallet you can use to self-custody your crypto safely. We’re the biggest brand on the market and have the largest integration in crypto projects. But at the core, the ledger is about giving folks the power to self-custody your crypto, your keys, and your coins.

Q2:What sets Ledger apart from other competitors?

A2: What sets Ledger apart from others is the ease of use, never compromising security, and support for multiple blockchains and NFTs. We provide best-in-class customer service to our users and are ready to help them.

Q3: What is Ledger planning to innovate in the future?

A3: So many things! More devices, and support for new chains, and protocols. improved Ledger Live ecosystem, and new collaborations with NFT communities. We also want to keep integrating as many Ethereum L2s as we can. Support for different domains within Ledger Live. Better protection against scam NFTs, airdrops, etc. Right now we support Arbitrum, Optimism, and Metis, hopefully, we can add Starknet, zkSync, etc in the future!

Q4: How safe is Ledger? How likely is it to be hacked? How can we protect ourselves?

A4: So, with Ledger, your security hinges on your 24-word recovery phrase, scammers will try to get that. I think it’s super important to highlight that although we’re here today on Telegram, Ledger does NOT have official social accounts on Telegram, so beware of scams and fake Ledger and Ledger Support accounts on Telegram.

You might like it: What Is Hardware Wallet: Ledger Overview

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The post CoinEngineer – Ledger AMA Summary appeared first on Coin Engineer.

A cryptocurrency wallet serves as an application or device designed for the storage of digital currencies. Unlike traditional wallets that house physical coins, crypto wallets are specifically tailored for holding cryptocurrencies. These virtual assets are securely stored within a blockchain and can only be accessed using a private key.

What Is Hot Wallet?

The term hot wallet refers to wallets that are connected to the internet. These wallets can take the form of browser extensions, mobile apps or desktop applications. Hot wallets are particularly convenient for swift transactions. Nevertheless, due to their internet connectivity, these devices and applications come with inherent security risks. Hot wallets are often prime targets for hackers. On the flip side, their online nature grants users various advantages, allowing them to access and transact with their wallets from anywhere as long as there is an internet connection. Consequently, hot wallets provide a more streamlined approach to managing transactions.

What Is Cold Wallet?

In contrast to hot wallets, cold wallets operate without an internet connection. These offline wallets excel in terms of security. Cold wallets offer the most effective means of safeguarding cryptocurrencies against cyber attacks.

Cold wallets, which resemble physical devices similar to USB drives, have gained popularity especially among significant investors. However, due to their lack of constant internet connectivity, we can also acknowledge that cold wallets are comparatively less convenient for everyday usage when compared to hot wallets.

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