We’ll have to use a special flag that puts electrum and core wallet into testnet mode. But the feature is not available in GUI by default. Both Bitcoin core and electrum wallet have the ability to connect to test network. To receive these coins and to start learning we first need to setup testnet wallet. These coins can be obtained for free from Bitcoin testnet faucets. Even new coins are created only through mining. Real miners are verifying each transaction and recording it on the blockchain. Other than that everything else remains the same as the main Bitcoin network. Testnet just uses a different blockchain and the coins on testnet have no value. ![]() Whether you are a developer or a beginner testnet allows you to test and experiment the various features of Bitcoin without risking your real coins. This network is setup specifically for testing and experimental purposes. Testnet is an alternative network and a clone of original Bitcoin blockchain. A zero-risk network that helps beginners to learn how to use Bitcoin and understand Bitcoin transactions. Here in this beginner guide we’ll cover about Bitcoin Testnet. That is connecting both core wallet and electrum wallet to Bitcoin testnet. Now the best way to understand how to use these wallets without risking your real money is by trying out the Testnet. They are free, open source and offers complete control. Transfer them from exchange to the wallet where you control your private keys.įor desktop there are two wallets namely Bitcoin core and Electrum. So do not hold your coins on the exchange. Remember that “Not your Keys, not your coins”. ![]() Just get familiar with how a wallet works, how to send, receive coins, how to view transactions on the block explorer and some other basic stuff. If you are new then to get started you don’t need to deeply understand the technology behind Bitcoin or its technical details. Beginners who just stepped into Bitcoin may find the whole concept overwhelming.
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