To avoid scams with testnet wallets, follow these recommendations: The BitPay App can integrate with Coinbase to help you buy Bitcoin and get it transferred to your wallet. If you would like to purchase crypto, we recommend finding a cryptocurrency exchange you trust. However, knowing the person you are buying crypto from is not always practical. We encourage our customers to be extremely careful and do this kind of transaction with people they absolutely trust. How do I avoid testnet scams?īuying Bitcoin from another person is a common way to enter into the cryptocurrency world. This means that you can't use actual coins on testnet, and you can't use testnet coins on the livenet network. However, this article covers all the coins that have a testnet network.Īlthough similar, the testnet and livenet are not compatible. In this article we take Bitcoin as the main coin. The bitcoin blockchain is called livenet and is completely separate from testnet. In a few words, testnet is a parallel network intended for testing purposes. This allows application developers or testers to experiment without having to use valuable coins. Testnet coins are distinct from actual coins, and testnet coins do not have any monetary value. The testnet is an alternative blockchain to be used for testing. Livenet = Real, valuable money What is the testnet? This means that there is no way to tell if an address is testnet or livenet. It is not possible to send testnet bitcoin to a livenet bitcoin address, nor send livenet bitcoin to a testnet address.įor Ethereum and Ripple, the addresses formats do not change. Bitcoin Cash testnet addresses begin with bchtest. Bitcoin livenet addresses all begin with 1 or 3 or bc1, and Bitcoin Cash addresses begin with bitcoincash: and either p or q. The easiest way to tell the difference between testnet (has no value, only used for testing) and the live network (has cash value) is to look at the address.Īll bitcoin testnet addresses begin with an m or n. How do I tell the difference between the testnet and live networks?
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