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How to know if a physical bitcoin is real?

Bitcoin is a digital currency that operates on a decentralized ledger system known as a blockchain. However, physical bitcoins also exist, which are essentially metal coins that represent a certain amount of digital bitcoin. These physical coins are known as Casascius coins, and they were produced from 2011 to 2013 by a company called Casascius.While…

Bitcoin is a digital currency that operates on a decentralized ledger system known as a blockchain. However, physical bitcoins also exist, which are essentially metal coins that represent a certain amount of digital bitcoin. These physical coins are known as Casascius coins, and they were produced from 2011 to 2013 by a company called Casascius.

While physical bitcoins are not as common as their digital counterparts, they are still sought after by collectors and investors. However, it can be challenging to determine if a physical bitcoin is real or a counterfeit. In this article, we’ll go over some key indicators to help you determine if a physical bitcoin is genuine.

1. Check the Weight

One of the easiest ways to determine if a physical bitcoin is real is to check its weight. A genuine Casascius coin should weigh approximately 28 grams. If the coin feels significantly lighter or heavier than this, it may be a counterfeit.

2. Examine the Hologram

Casascius coins feature a tamper-evident hologram on the back of the coin. The hologram should appear to be three-dimensional and should change color when viewed from different angles. If the hologram appears to be flat or does not change color, it may be a counterfeit.

3. Look for the Private Key

Each Casascius coin contains a unique private key that can be used to access the digital bitcoin associated with the coin. The private key is printed on a sticker on the back of the coin, which is covered by the tamper-evident hologram. If the sticker appears to have been tampered with or is missing, it may be a counterfeit.

4. Verify the Public Address

In addition to the private key, each Casascius coin also has a unique public address that can be used to verify the authenticity of the coin. You can use a blockchain explorer like blockchair.com to enter the public address and confirm that it is associated with the correct amount of bitcoin.

5. Check the Serial Number

Each Casascius coin has a unique serial number engraved on the rim of the coin. You can verify the authenticity of the coin by checking the serial number against a database of known genuine coins. There are several online databases available, such as casascius.uberbills.com.

6. Seek Expert Opinion

If you are still unsure if a physical bitcoin is genuine, it may be worth seeking the opinion of an expert. There are several online forums and communities dedicated to physical bitcoins, where you can post pictures and ask for feedback. You can also reach out to a reputable dealer or collector for their opinion.

In conclusion, while physical bitcoins can be a valuable addition to a collection or investment portfolio, it is essential to be cautious when purchasing them. By following these key indicators, you can increase your chances of purchasing a genuine Casascius coin and avoid falling victim to counterfeiters.

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