To check whether something related to Bitcoin is real or a scam, you need to verify both the Bitcoin itself (transaction) and the platform, wallet, or person involved. Here’s a clear guide:
✅ How to Tell if Bitcoin is Real
Bitcoin is digital, so you verify it on the blockchain.
- Ask for the Transaction ID (TXID)
- Every Bitcoin transfer has a unique public record.
- You can check it on a blockchain explorer (e.g. btc.com, blockchain.com).
- Verify the TXID on the Blockchain
When you search the TXID, check:
| Item | What to Check |
| Status | Must show Confirmed, not Pending forever |
| Amount | Matches what was claimed |
| Sender/Receiver Address | Addresses exist on the blockchain |
| Timestamp | Must not be old or duplicated |
⚠️ If someone refuses to share the TXID, it’s a red flag.
- Check Your Wallet Balance
Bitcoin must reflect in your own wallet, not screenshots. Real bitcoins appear only in your wallet app (e.g., Trust Wallet, Exodus, Ledger, Coinbase, Binance).
❌ Signs of a Bitcoin Scam
If you see any of these, it’s almost certainly fake:
🚩 1. Promises of Guaranteed Profits
Example scams:
- “Invest ₹10,000 and get ₹50,000 in 7 days”
- “Guaranteed 200% return”
➡ Bitcoin has no guaranteed return.
🚩 2. They Ask for Money First
- “Pay a release fee”
- “Pay tax before withdrawal”
- “Pay gas fee to receive BTC”
👉 Real Bitcoin never needs extra payment to claim it.
🚩 3. You Can’t Withdraw Anytime
Scam websites show fake balances but don’t allow withdrawals.
🚩 4. Only Contact Through Telegram/WhatsApp
Often they send screenshots of huge profits — all fake.
🚩 5. Unknown Crypto Exchanges
Scam platforms look official but are fake. Check if an exchange is registered and widely known.
🛡️ How to Stay Safe
✔ Use only trusted exchanges: Coinbase, Binance, Kraken, WazirX, CoinDCX (India)
✔ Don’t invest because of influencers or friends showing profits.
✔ Never share your private key or seed phrase.
✔ Research the company or platform online (look for reviews).
✔ If unsure, ask an expert or verify with others.
🕵️ Extra Tip: Fake Transaction Screenshots
Scammers use Photoshop to fake balance or transfers. Always ask for:
- The TXID
- Verification on a blockchain explorer
No TXID = No Bitcoin.
