We have prepared a simple guide to help you track a cryptocurrency transaction and stay informed about its status. Follow these steps to easily navigate the process:
Step 1. Find the Transaction Hash
After completing the transaction, you will receive a unique transaction hash. This hash is similar to a digital fingerprint of your operation and can be found on the platform where you initiated the transaction. Typically, it looks like a long string of letters and numbers.
Step 2. Choose a Blockchain Explorer
A blockchain explorer is a powerful tool that allows you to view transaction data on the blockchain in real-time. Among popular options are “Blockchair“, “Blockchain.com“, and “Etherscan” for Ethereum-based transactions. Open your preferred explorer in a web browser.
Step 3: Enter the Transaction Hash
On the blockchain explorer’s website, you will find a search bar. Paste the hash of your transaction into this search bar and click “Search” or “Submit.”
Step 4. Explore Transaction Details
Once the explorer finds your transaction, you will be presented with a page containing various details. You can see the status of your transaction, including whether it is confirmed or pending. You will also find timestamps, the amount sent, and addresses involved in the transaction.
Step 5: Monitor Confirmations
For most cryptocurrencies, including Bitcoin and Ethereum, transactions are considered more secure as they gather more confirmations. Confirmations indicate that your transaction has been verified by multiple nodes in the network. The more confirmations, the safer your transaction.
Step 6. Set Up Notifications
Some explorers allow you to set up notifications for your transaction. This way, you will receive alerts when the transaction status changes. It’s an excellent way to stay updated without constantly checking the explorer.