How to Start Collecting Rare Sats
Learn the right wallet setup and smart habits for collecting and protecting your rare satoshis.
Quick Setup Overview
To collect Bitcoin rare sats safely, you need two things: the right wallet setup inside Xverse (SegWit + Ordinals addresses) and a smart habit for moving rare sats into a separate vault wallet.
Wallet 1 (Buying Wallet)
- •SegWit address (bc1q...) for paying BTC
- •Ordinals address (bc1p...) for receiving rare sats
- •Used for buying on Magic Eden or Magisat
Wallet 2 (Vault Wallet)
- •Also has SegWit (bc1q...) and Ordinals (bc1p...)
- •For holding only, not buying
- •Must have its own separate seed phrase
Install Xverse Wallet and Enable Rare Sats
- Install Xverse Wallet
- Create your wallet and back up your seed phrase safely
- Go to Settings → Advanced
- Toggle Enable Rare Sats ON
This makes Xverse show rare sats details and helps you manage them.
Understand the Two Address Types
Inside Xverse, one wallet will show two types of Bitcoin addresses:
SegWit Address (bc1q...)
Use for normal BTC deposits and spending
Ordinals Address (bc1p...)
Use for receiving rare sats and ordinals
bc1q = Load and pay | bc1p = Receive and store rare sats
Create and Fund Wallet 1 (Buying Wallet)
Wallet 1 is your active wallet that you connect to marketplaces.
- •Use Wallet 1's SegWit address (bc1q...) to deposit BTC
- •Keep enough BTC for buying rare sats, network fees, and a buffer
Why the buffer matters: If you run low, you might spend the wrong UTXO and accidentally move a rare sat you wanted to keep.
Buy Rare Sats
When you buy rare sats on Magic Eden or Magisat:
- Connect Wallet 1 to the marketplace
- Pay using your wallet's BTC balance (SegWit side)
- After purchase, rare sats land on your Ordinals side
SegWit (bc1q) = the "money side" you use to pay
Ordinals (bc1p) = the "collectibles side" where rare sats show up
Create Wallet 2 (Vault Wallet) - The Correct Way
What NOT to do:
Do NOT create Wallet 2 by adding an "account" inside the same Xverse app. That's the same seed phrase - if compromised, both are compromised.
What to do instead:
Create a completely separate Xverse wallet with a different seed phrase:
- • Install Xverse on a second device, OR
- • Use Xverse mobile for Wallet 1, Chrome extension for Wallet 2, OR
- • Use two different phones, OR
- • Use a second browser profile
The point is: Wallet 2 must have its own seed phrase, separate from Wallet 1.
Move Rare Sats to Your Vault
You don't need to transfer after every purchase. Accumulate rare sats in Wallet 1, then do a bulk send to the vault when you've got enough.
Safe Transfer Method:
- Open Wallet 2 (Vault) → Tap Receive
- Select the Ordinals address (starts with bc1p...)
- Copy it
- Go to Magic Eden / Magisat and send your rare sats to that address
- Double check the first and last characters before confirming
Rules to Keep Your Rare Sats Safe
Wallet 1 Rules (Buying)
- Connect to marketplaces here
- Buy here
- Keep extra BTC for fees
- Move to vault when accumulated
Wallet 2 Rules (Vault)
- Do NOT buy here
- Do NOT connect to marketplaces
- Store rare sats only
- Treat like cold storage
Frequently Asked Questions
Why do I see bc1q and bc1p in the same wallet?
Because Xverse supports both: SegWit for normal BTC activity, and Ordinals (Taproot) for ordinals and rare sats tracking.
Can I just use two accounts inside one Xverse app?
You can, but it's not truly separated. Many times it's still the same seed phrase. If you want a real vault, make a completely separate wallet with a new seed phrase.
What is the main beginner mistake?
Using one wallet for everything and accidentally spending rare sats as change or fees.
How often should I move rare sats to the vault?
Whenever you have enough to justify it. Some people do it weekly, some monthly. The goal is to keep Wallet 1 active and Wallet 2 clean.
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