Beware of the Cryptos that copy Bitcoin – Crypto.IQ


Bitcoin (BTC) is the only king of the cryptocurrency. Bitcoin has by far the highest market capitalization for $ 68 billion with a price of $ 3,800 per coin to date. Bitcoin trading volume on spot markets exceeds $ 4 billion a day, much higher than any other cryptocurrency, and this does not even take into account the billions of dollars traded in over the counter (OTC) and peer to peer markets.

In short, Bitcoin is the most widespread cryptocurrency and is considered the main global cryptocurrency.

Other cryptocurrencies try to exploit the reputation of Bitcoin, by copying the Bitcoin name, including Bitcoin Cash (BCH), Bitcoin SV (BSV), Bitcoin Gold (BTG), Bitcoin Diamond (BCD), Bitcoin Private (BTCP) and Bitcoin HD ( BHD).

Although these cryptocurrencies have Bitcoin in their name, they are certainly not Bitcoins. They are worth much less than Bitcoin and have a much weaker reputation than Bitcoin.

It gets worse. Bitcoin Cash (BCH) and Bitcoin SV (BSV) are strictly copying the Bitcoin logo, which may lead to erroneous thinking that these altcoins are Bitcoin (BTC).

    class = The official bitcoin logo, courtesy of Bitcoin Wiki.

Bitcoin SV has changed its logo recently (below) to closely copy the official Bitcoin logo. At the same time, the creators of this logo they claim that Bitcoin SV is the real Bitcoin "The BSV logo is revealed on 10th anniversary of the Bitcoin genesis block, to mark Bitcoin SV as the rebirth of the original Bitcoin. " official website of Bitcoin SV, says "Bitcoin SV is the original Bitcoin".

Do not make fun of yourself.

Bitcoin SV (BSV) – a fork of Bitcoin Cash (BCH) – started less than two months ago and is priced at $ 86 and a market capitalization of $ 1.5 billion, just 2.2% of the value of Bitcoin (BTC).

    class = Bitcoin SV (BSV) Logo

One of the logos of Bitcoin Cash (BCH) (below) from the official site it is also very similar to the Bitcoin logo (BTC).

Literally, this Bitcoin Cash logo (BCH) is simply the bitcoin logo (BTC) rotated. The Bitcoin logo (BTC) can be seen at the top of the article. On the Official website of Bitcoin Cash (BCH), says "Bitcoin Cash brings healthy money to the world, fulfilling Bitcoin's original promise as peer-to-peer electronic money".

Despite what the logo and website may indicate, Bitcoin Cash (BCH) is certainly not Bitcoin (BTC). Bitcoin Cash (BCH) was launched in August 2017 and has a value of $ 158 and a market capitalization of $ 2.8 billion, equal to 4.1% of the value of Bitcoin (BTC).

    class = Cash of Bitcoin (BCH)

When buying Bitcoins, be sure to buy or receive actual Bitcoins instead of the numerous Bitcoin knockoffs. If you are tricked into accepting a Bitcoin knockoff instead of Real Bitcoin (BTC) you will lose more than 90 percent of the money you paid if you paid the price for the real Bitcoin.

A safe way to determine if you are receiving actual Bitcoin is to make sure that the address of your wallet and the transaction ID are displayed in the Explore Bitcoin blocks. Also, use one of the portfolios listed on, which is the semi-official Bitcoin site that was started by the creator of Bitcoin Satoshi Nakamoto. The best portfolio to use is Bitcoin Core, the portfolio that is officially maintained by Bitcoin developers.

Some Bitcoin wallets also accept Bitcoin Cash (BCH), so make sure you have Bitcoin (BTC) effective and do not let anyone tell you that they are the same thing. If you check with Bitcoin's block explorer and use a portfolio listed on, it will be hard not to be fooled into receiving a Bitcoin knockoff.

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