What are the steps to verify the status of a bitcoin transaction?

1 answers

• May 19, 2022 · 3 years ago
  To verify the status of a bitcoin transaction, you first need to find the transaction ID. This ID can be obtained from your wallet or by searching for the transaction on a blockchain explorer. Once you have the transaction ID, you can enter it into the explorer to view the transaction details. The explorer will show you the number of confirmations the transaction has received, which indicates its progress. You can also check the transaction fee to ensure it is reasonable. If the transaction has a low fee, it may take longer to be confirmed. Keep in mind that the confirmation time can vary depending on network congestion. If you have any concerns about the transaction, you can contact your wallet provider for assistance.
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