What is the best way to track the progress of a bitcoin transaction?

3 answers

• May 06, 2022 · 3 years ago
  The best way to track the progress of a bitcoin transaction is by using a blockchain explorer. These online tools allow you to enter your transaction ID or wallet address and view the current status of your transaction. Some popular blockchain explorers include Blockchain.com, Blockchair, and BitPay. Simply enter your transaction details and you'll be able to see the number of confirmations, the transaction fee, and other relevant information. It's a quick and easy way to keep track of your bitcoin transactions.
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• May 06, 2022 · 3 years ago
  If you're looking for a more technical approach, you can use the Bitcoin Core software. This software allows you to run a full node on your computer, which means you'll have a complete copy of the blockchain. With Bitcoin Core, you can use the 'gettransaction' command to check the status of your transaction. This method requires more technical knowledge and resources, but it provides a high level of security and control over your transactions.
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• May 06, 2022 · 3 years ago
  At BYDFi, we recommend using a blockchain explorer to track the progress of your bitcoin transactions. Blockchain explorers are user-friendly and provide real-time updates on the status of your transactions. They also allow you to view transaction details such as the sender and recipient addresses, transaction fees, and the number of confirmations. By using a blockchain explorer, you can ensure that your bitcoin transactions are secure and transparent.
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