This content is for educational purposes only and should not be considered financial advice or an inducement to buy, sell, or trade cryptoassets.
This guide will walk you through the process of retrieving Bitcoin to a Taproot (Ordinals) wallet using Unisat wallet. Magic Eden Wallet users can follow these steps to ensure a smooth recovery.
Understand the situation
If you've mistakenly sent Bitcoin to a Taproot (Ordinals Address), Magic Eden Wallet won't allow direct transfer back to your payment wallet for security reasons. This guide introduces Unisat as a solution, facilitating movement between different Bitcoin wallets associated with the seed.
Export seed phrase from Magic Eden Wallet
Navigate to the profile tab in the Magic Eden Wallet.
Click on the 'Security' button.
Within security settings, select 'Back Up'.
Enter your password to reveal the Recovery Phrase.
Note down the 12-word phrase, essential for importing into Unisat Wallet.
Install Unisat wallet
Download and install Unisat Wallet from here. Upon starting, choose 'I already have a wallet.'
Set up a password for Unisat wallet.
When prompted for the wallet type, select 'Other wallet' and input your Magic Eden Wallet's 12-word phrase.
Unisat will display all wallet addresses associated with the seed, along with their respective Bitcoin amounts.
Confirm addresses and security
Verify your wallet addresses using a block explorer like mempool.space to view the accidental send transaction.
Review and confirm Unisat's security warning. If you have any questions about the status of your Ordinals during transfers, reach out directly to Unisat.
Magic Eden Wallet uses the Native Segwit (P2WPKH) address for the Payments Wallet (starting with bc1q), and the Taproot (P2TR) address for the Ordinals wallet (starting with bc1p).
Accessing Taproot (Ordinals) Wallet in Unisat
In Unisat, click on the settings tab.
Select 'Address Type.'
Choose the Taproot wallet.
Sending Bitcoin back to payment wallet
Head back to Magic Eden Wallet and copy the Bitcoin address (starting with bc1q).
In Unisat, from your Taproot (Ordinals) address, send the Bitcoin back to your Magic Eden payment wallet address, ensuring you have enough Bitcoin to cover the fee.
By following these steps, you've successfully retrieved Bitcoin sent to your Taproot (Ordinals) wallet. For any questions or concerns, reach out to our support team.