Is it possible to track a Bitcoin transaction using its transaction ID?
Ankitk KumarMay 08, 2022 · 3 years ago3 answers
Can I use the transaction ID to track a Bitcoin transaction and see its progress?
3 answers
- May 08, 2022 · 3 years agoYes, you can use the transaction ID to track a Bitcoin transaction. The transaction ID, also known as the TXID, is a unique identifier for each transaction on the Bitcoin network. By searching the TXID on a blockchain explorer like Blockchain.com or Blockchair, you can view the transaction details, including the sender and recipient addresses, the amount transferred, and the number of confirmations. This allows you to track the progress of the transaction and verify its completion.
- May 08, 2022 · 3 years agoAbsolutely! The transaction ID serves as a digital fingerprint for each Bitcoin transaction. It allows you to trace the movement of funds and monitor the transaction's confirmation status. Blockchain explorers provide real-time updates on transaction confirmations, making it easy to track the progress of your Bitcoin transactions using the transaction ID. Just enter the TXID into the search bar, and you'll get all the information you need!
- May 08, 2022 · 3 years agoYes, you can track a Bitcoin transaction using its transaction ID. Blockchain explorers like Blockchain.com or Blockchair allow you to enter the transaction ID and view the transaction details. However, please note that while tracking the transaction, you won't be able to see the personal information of the sender or recipient. Tracking a Bitcoin transaction using the transaction ID is a useful way to monitor the progress and confirmations of your transactions.
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