Coinsecure launches testnet bitcoin exchange and wallet

For bitcoin buyers and sellers, committing to a bitcoin exchange is a big first step, which usually requires research into the exchange platform and also the user experience.

Testing on a live exchange with real funds can be problematic, so having a test environment is always better way to do a trial run and make sure everything is up to your own standards.

Coinsecure, which is a bitcoin exchange and wallet based in India, has launched a testnet for their bitcoin platform. The goal is to provide users with a test environment and not use real funds so that people can see how the exchange and wallet operates.

What is testnet?

The testnet is an alternative Bitcoin blockchain, to be used for testing purposes only. Testnet coins are separate from actual bitcoins, and are never supposed to have any value. This allows application developers or bitcoin testers to experiment, without having to use real bitcoins.

Coinsecure is making use of the testnet for users to play with their exchange and wallet using testnet coins. You can get testnet coins from a testnet faucet, such as tpfaucet. It’s always good practice to return the testnet coins when you are done using them so that they can become available to other developers.

Two months ago Coinsecure raised $1.2m in an ongoing Series A investment round. The startup said that they are now consistently handling over 3000 BTC a month in bitcoin trading volume.

David Shares

David is a writer, researcher, and developer who is passionate about bitcoin and blockchain. He writes for Bitcoin.com, Blockchain.com, and is the founder of Bitcoinx.io (which was acquired by Bitcoin.com). David previously used to write and curate for Myspace and has worked in the fintech and payments space for over 15 years.