How to Use Testnet for Transactions
Last updated
Last updated
In cryptocurrency payments, a "testnet" is a parallel blockchain network used primarily for testing and development purposes. It's a sandbox environment that allows developers and users to experiment with cryptocurrencies without using real assets. Testnets mimic the functionality of the main blockchain but use test tokens, which have no real-world value.
Please follow the steps below to create a testnet wallet and add balance in it.
Download the "Bitcoin Testnet Wallet for COI" wallet from App Store or Play Store.
After downloading the app, click on "Start setup of hot wallet."
It will then prompt you to download COINiD Vault, proceed to download the app.
After Downloading, click on "Create new COINiD Vault" and proceed with saving the recovery phrase and setting up the PIN at the end. Once done, you will see the message 'COINiD Vault is all set'.
After the COINiD Valut has been set, return to the "Bitcoin Testnet Wallet for COI" app and sign in using the same PIN set by you. After signing in, you will see your tBTC balance (It will be zero since it is a new wallet)
Click on the QR code icon as show and below and create your receiving wallet address.
Once your wallet address is created, copy it and paste it on https://coinfaucet.eu/en/btc-testnet/ to get tBTC in your wallet. You will see how much tBTC has been transferred to your wallet once you hit the 'Get bitcoins!' button.
After some time you will see the updated balance in your testnet wallet app. You can use the balance to test crypto payments.
