If you are interested in buying uncommon satoshis, you may use our service Rare Sats Auctions.
Ordinals is a protocol used to assign numbers to satoshis, which are the smallest units of Bitcoin. By putting the time they were mined into account, the ordinals theory assigns rarity levels to satoshis, in the order of common, uncommon, rare, epic, and legendary. Currently, f2pool is offering uncommon satoshis on the Rare Sats Auctions platform. If you are a fan of unique collectibles in the world of Bitcoin, feel free to join our auctions and find your favorites!
Here is the process to participate in the auctions.
- Prepare for the auctions
- Create an f2pool account
You will need to have an f2pool account before being able to join the auction. You can view the bidding process and auction status via an f2pool account. Register here.
- Deposit funds
Currently, only your U account and USDT are supported for use in the auctions. If you’re a new participant, you may need to deposit funds into your U account.
To access it, please click on your account name on the top right corner, click “Account Settings”, then click “U Account” on the list to the left.
Click “Deposit”, check one type of network, and send USDT to the address displayed on the page. You may select one network from ERC20, TRC20, BEP20, Matic, or Arbitrum.
Please note, each network has a different deposit address, we recommend you confirm the address for the correct network type before proceeding, the wrong network will cause the loss of your funds.
Please also make sure it meets the minimum deposit amount of 0.01 USDT. Amounts smaller than the minimum will not be credited or refunded.
- Place a bid
- Viewing lots
Currently, f2pool presents uncommon satoshis for auctions. Go to the Rare Sats Auctions page, the available lots are present there, with the number of the block, rarity, reserved price, current bid price, and end time of each auction.
Click “Detail” on the tag of your favorite satoshi and you can check a list of bidders and their bids.
- Bid for a sat
Click the button “Place Bid” to view the bidding window.
Input the amount of your bid, and the verification code, double-check the numbers, and click “Submit”.
You will receive a notification of the bid successfully placed in your email.
- Add a bid
Multiple bids for the same lot are allowed. You could raise the amount of your bid for the same satoshi auction, by going through the same process. Input the new price you bid, then the window will display the additional amount to deduct from your U account.
After submitting, check your email for the new status after you update the bid.
- Checking the results
An auction will usually last for 24 hours. After that, you may receive an email notification of the auction outcome. You could also check out the status under the tag “My Auctions”.
- Win the auction
You will need to add your Ordinals address to receive the satoshi you won in the auction. An NFT inscription service will be opened soon.
- Have not won the auction
If you have not won, your bid funds will be returned to your U account. You can apply for a withdrawal of your balance in your U account.
Start bidding today!
Now that you have all the info you need, it’s time to start bidding!
If you run into any problems in the auctions, please feel free to reach out to our customer service team at email@example.com, open a support ticket, or start a conversation on Reddit or Discord. To stay updated with our Ordinals news, follow us on Twitter.