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Add collecting guide #1474

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Feb 3, 2023
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Add collecting guide #1474

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Add collecting guide
casey Feb 2, 2023
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casey Feb 3, 2023
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casey Feb 3, 2023
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1 change: 1 addition & 0 deletions docs/src/SUMMARY.md
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Expand Up @@ -9,6 +9,7 @@
- [Explorer](guides/explorer.md)
- [Inscriptions](guides/inscriptions.md)
- [Sat Hunting](guides/sat-hunting.md)
- [Collecting](guides/collecting.md)
- [Bounties](bounties.md)
- [Bounty 0: 100,000 sats Claimed!](bounty/0.md)
- [Bounty 1: 200,000 sats Claimed!](bounty/1.md)
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23 changes: 23 additions & 0 deletions docs/src/guides/collecting.md
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Collecting
==========

Currently, [ord](https://github.com/casey/ord/) is the only wallet supporting
sat-control and sat-selection, which are required to safely store and send rare
sats and inscriptions, hereafter ordinals.

The recommended way to send, receive, and store ordinals is with `ord`, but if
you are careful, it is possible to safely store, and in some cases send,
ordinals with other wallets.

As a general note, receiving ordinals in an unsupported wallet is not
dangerous. Ordinals can be sent to any bitcoin address, and are safe as long as
the UTXO that contains them is not spent. However, if that wallet is then used
to send bitcoin, it may select the UTXO containing the ordinal as an input, and
send the inscription or spend it to fees.

[windsok](https://github.com/windsok) has kindly written a guide to creating an
`ord`-compatible wallet with [Sparrow](https://sparrowwallet.com/), available
on [GitHub](https://gist.github.com/windsok/5b53a1ced6ef3eddbde260337de28980).
Please note that if you follow this guide, you should not use the wallet you
create to send BTC, unless you perform manual coin-selection to avoid sending
ordinals.