What is ARC-20?
ARC-20 is a fungible token standard based on the Atomicals Protocol on Bitcoin. It uses the native satoshis to represent each token, and can be split and combined just like regular bitcoins. ARC-20 tokens can be minted by anyone, transferred to any Bitcoin address type, and are compatible with wallets that support UTXOs.
What is Binance Inscriptions Marketplace?
Binance Inscriptions Marketplace is a one-stop solution that enables users to trade and inscribe a wide range of inscription tokens on their Binance Web3 Wallet, including ARC-20 and BRC-20 tokens.
Follow the instructions in How to Manage My Binance Web3 Wallet to create a Web3 Wallet.
How to access Binance Inscriptions Marketplace?
Please note that Binance Inscriptions Marketplace only supports Binance app version 2.78 and above.
Please backup your wallet to a self-custody wallet first if you’re using a semi-custody wallet.
Log in to your Binance app and go to [Wallets] - [Web3]. Tap [Inscriptions Marketplace].
Alternatively, you’ll see Inscriptions Marketplace under the [Discover] tab.
How to buy ARC-20 tokens on the Inscriptions Marketplace?
1. Go to the Inscriptions Marketplace. Under the [ARC-20] tab, search for or select an ARC-20 token. For example, ATOM. You may change the time period to view the trending tokens.
2. Select an inscription and tap [Buy].
3. Select the wallet to pay. Check the order details carefully before tapping [Confirm].
How to send/receive ARC-20 tokens ?
Log in to your Binance app and go to [Wallets] - [Web3]. Select the token you’d like to send or receive.
Sending a token
1. To send tokens, tap [Send].
2. Enter the recipient’s address.
Please select the correct network for the address. If you send via a wrong network, your funds might be lost and cannot be recovered.
3. You can use your available balance to send. Please take note of the minimum sending/remaining amount. Tap [Review Send] to proceed.
4. Check the order details carefully before tapping [Confirm].
Receiving a token
Under [Assets]
1. To receive ARC-20 assets, tap [Receive].
2. Choose the token you wish to receive and you’ll see a QR code and the token address. Share it with your sender to receive tokens.
Under the Inscriptions Marketplace
1. Select or search for the token you’d like to receive. On the asset page, tap the receive icon.
2. You’ll see a QR code and the token address. Share it with your sender to receive tokens.
How to list/sell ARC-20 tokens on the Inscriptions Marketplace?
Under [Assets]
1. Go to [Wallets] - [Web3]. Select the token you’d like to list/sell.
2. Tap [Trade].
3. Tap [List for Sale].
4. Select an UTXO that contains ARC-20 and tap [List for Sale] to proceed.
Learn more on how to manage your Bitcoin UTXOs here if your asset is locked.
5. Enter the set price and total price. Tap [List].
6. Check the order details carefully before tapping [Confirm].
Under the Inscriptions Marketplace
1. Go to the Inscriptions Marketplace and find the ARC-20 token you wish to list or sell. For example, Atom.
2. Tap [List for sale].
3. Select an UTXO that contains ARC-20 and tap [List for Sale] to proceed.
Learn more on how to manage your Bitcoin UTXOs here if your asset is locked.
4. Enter the set price and total price. Tap [List].
5. Check the order details carefully before tapping [Confirm].
How to delist my ARC-20 tokens from the Inscriptions Marketplace?
1. Go to [Inscriptions Marketplace] - [ARC-20]. Select a token, for example, Atom.
2. Go to the [My Orders] tab. Tap on the order you’d like to delist and tap [Cancel Listing].
3. Check the delisting summary carefully before tapping [Confirm].
How to manage my ARC-20 assets?
1. Go to [Wallets] - [Web3]. Tap on the search icon on the top right.
2. Under [Assets], tap [Manage Tokens].
3. You’ll be able to manage all ARC-20 tokens. Find/search for the ones you want to add to your favorite list on the Web3 Wallet homepage.
4. Toggle on the button next to an asset to add it to your favorite list.
What can I do if I don’t have a sufficient BTC balance?
If your BTC balance is insufficient, you’ll be prompted to top up your Web3 Wallet to proceed with the transaction. Alternatively, you can use the UTXO management tool to mark low-value/valueless inscriptions as BTC. Learn more on how to manage your Bitcoin UTXOs here.
Deposit BTC to your Web3 Wallet
1. Tap [Deposit] and you’ll see a QR code and a token address. Save the QR code or copy the address to deposit BTC to your wallet. For a step-by-step guide, please visit How to Deposit Crypto to Binance?.
Transfer BTC to your Web3 Wallet
1. Tap [Transfer] and select the wallets for the transfer.
2. Choose BTC and your preferred network. Tap [Transfer].
