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Bitcoin Runes have taken the market by storm since the halving. There’s been unseen demand for this new token standard, causing Bitcoin’s network fees to climb into millions of dollars at the initial post-halving block. Centralized exchanges such as OKX and Gate.io have already listed Bitcoin Runes. We expect other Tier 1 exchanges to join the bandwagon in the coming weeks. However, this article will show you some Runes-compatible wallets to hold your new asset.
Xverse Wallet:The best wallet for Bitcoin Runes
Magic Eden Wallet:Best wallets to navigate NFTs and runes
UniSat Wallet:Best Bitcoin-focused wallet that supports runes
The best wallet for Bitcoin Runes
Xverse is a leading Bitcoin wallet designed to accommodate assets within the Bitcoin ecosystem. Xverse offers support for native Bitcoin assets such as Runes, Ordinals, and BRC20. Its biggest appeal is its user-friendliness and intuitive design. The Xverse Runes wallet makes it easier for users to send and easily receive Runes. Xverse is non-custodial. This means you retain control of your assets. Interestingly, Xverse supports both mobile and web extensions. So, you can interact with the Bitcoin ecosystem on your desktop or mobile device.
You can easily connect your Xverse wallet to any Runes marketplace to smoothly buy and sell Rune. However, you need to ensure you have enough BTC to cover the transaction cost.
Best wallets to navigate NFTs and runes
Magic Eden has shown interest in Bitcoin NFTs, and the platform wasted no time in launching support for Bitcoin Runes. Magic Eden’s Runes platform enables users to swap for BTC and get Ordinals and Runes using their Magic Eden wallet. The Magic Eden wallet is one of the top browser extension wallets. Enabling users to connect with NFT platforms, dApps, and the broader Web3 market. In addition, the wallet is self-custodial, which means users control their assets. Magic Eden currently supports some of the top blockchain networks, such as Solana, Bitcoin, Polygon, and Ethereum. The launch of Bitcoin Runes is part of Magic’s ambition to cater to the different needs of the market.
Best Bitcoin-focused wallet that supports runes
UniSat wallet announced on X that it would support Bitcoin Runes and launch other related services. UniSat is a Chrome plugin wallet that is focused on the Bitcoin ecosystem. Think of it as a MetaMask for Bitcoin. Unisaw enables users to store, mint, and transfer BRC-20 tokens and buy and sell BTC, domain names, and NFTs.
Bitcoin Runes IS the latest development within the Bitcoin ecosystem. In simple terms, Bitcoin Runes are a new token standard for creating fungible tokens on Bitcoin. The protocol was introduced last September by Bitcoin developer Casey Rodarmor, the creator of the Bitcoin Ordinals. Runes improves fungible tokens on Bitcoin. One of their benefits is that they increase Bitcoin’s appeal and could onboard millions to the network. Runes make it easier to create memecoins and other community-based projects on Bitcoin. There are already lots of memecoin projects on the Runes train. In addition, the Bitcoin Rune inherits some of the native features of the Bitcoin chain, including its security. However, it is important to proceed with caution as Runes are still in their early stages.
DAILY NEWSLETTER
Your daily dose of Crypto news, Prices & other updates..