Crypto
Updated on December 20, 2023
Written by
Frank Gogol
Written by
Frank Gogol
I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.
See all posts Frank Gogol
Reviewed by
Rohit Mittal
Rohit Mittal is the co-founder and CEO of Stilt. Rohit has extensive experience in credit risk analytics and data science. He spent years building credit risk and fraud models for top U.S. banks. In his current role, he defines the overall business strategy, leads debt and capital fundraising efforts, leads product development, and leads other customer-related aspects for the company. Stilt is backed by Y Combinator and has raised a total of $275M in debt and equity funding to date.
See all posts Rohit Mittal
At a Glance
- Use a Blockchain Explorer to find a transaction using its unique ID (TXID).
- Transactions can be viewed in the main wallet or manually searched in the Explorer.
- Confirmation time varies from minutes to hours, with a different number of confirmations.
- If a transaction is not found, double-check that you are searching in the correct blockchain.
Buying Bitcoin is all the rage nowadays – but considering how highly-priced it is, you need to keep track of all your transactions. The last thing you want is to find out your Bitcoin is gone but you have no idea where it went.
If you are wondering how to find a Bitcoin transaction on Blockchain, you should know that it’s easier to do than you think. Keeping an eye on your Bitcoin transactions is essential if you want your investments to grow.
In This Article
5 Ways to Find a Bitcoin Transaction in Blockchain
There are several ways to find a Bitcoin transaction on the blockchain:
1. Use a Blockchain Explorer
The easiest and most common method to find a Bitcoin transaction is by using a blockchain explorer. A blockchain explorer is a web-based tool that allows you to search and view transactions on the blockchain. Some popular blockchain explorers for Bitcoin include Blockchair, Blockstream.info, and Blockchain.com. To find a transaction, simply enter the Bitcoin address or transaction ID (TXID) into the search bar, and the explorer will display the transaction details.
2. Check Your Wallet
If you are looking for a transaction related to your own wallet, you can often find it within your wallet application. Most Bitcoin wallet apps provide a transaction history section where you can see a list of all your incoming and outgoing transactions. You can typically click on a transaction to view its details, including the transaction ID.
3. Third-Party Services
Some third-party services and platforms also offer transaction tracking and monitoring. These services may provide additional features like notifications for specific transactions or wallet activity. Be cautious when using third-party services, as they may require you to provide your wallet information.
4. Blockchain Download
For advanced users who want to have full control and visibility over the Bitcoin blockchain, they can download the entire blockchain onto their computer. This process, known as running a full node, allows you to search for transactions directly from your local copy of the blockchain. However, running a full node requires significant storage space and can be resource-intensive.
5. APIs and Programming
If you have programming skills, you can use Bitcoin APIs (Application Programming Interfaces) to access blockchain data programmatically. This allows you to build custom tools or applications to search for and analyze Bitcoin transactions.
Understanding the Different Blockchains
Understanding the relationship between cryptocurrencies and their respective blockchains is crucial for tracking transactions. Each cryptocurrency operates on a specific blockchain, and to view transactions, you need to use the corresponding block explorer. Here’s a simplified explanation:
- Blockchain-Specific Explorers: Cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) run on their unique blockchains. To view BTC transactions, you must use a Bitcoin block explorer. Similarly, to view ETH transactions, an Ethereum block explorer is required.
- Checking the Correct Blockchain: Knowing which blockchain a transaction was made on is essential. If you try to search a BTC transaction hash on an Ethereum block explorer, for instance, you won’t find the correct information.
- Mismatched Searches Lead to Errors: Searching for a transaction hash on an incorrect block explorer will either yield no results or incorrect information.
For your reference, here are some popular block explorers for different cryptocurrencies:
- Bitcoin (BTC): Use a Bitcoin block explorer like Blockchain.com.
- Ethereum (ETH): Transactions are tracked using an Ethereum block explorer like Etherscan.io.
- Litecoin (LTC): Litecoin transactions can be viewed on BlockCypher.
- Bitcoin Cash (BCH): For Bitcoin Cash, a suitable explorer is BTC.com for BCH.
- Ethereum Classic (ETC): Transactions on the Ethereum Classic network can be checked on Gastracker.io.
- Stellar (XLM): For Stellar transactions, Stellar Expert Explorer is appropriate.
Each block explorer is tailored to its specific blockchain, providing accurate and detailed information about transactions on that network.
What is a Transaction ID?
A cryptocurrency transaction ID, also known as a TXID or transaction hash, is a unique alphanumeric string generated for each transaction on a blockchain. It serves several important purposes:
- Unique Identifier: Like a fingerprint, each transaction ID is distinct, ensuring that every transaction can be individually identified.
- Transaction Details: The TXID encapsulates details like the sender’s address, the receiver’s address, the amount transferred, and the time of the transaction.
- Verification and Tracking: Users and network participants can use the transaction ID to track and verify the status of transactions on the blockchain.
- Security and Transparency: The encryption of transaction details into this ID enhances the security and transparency of the network.
- Blockchain Explorer Utility: Using a blockchain explorer, which functions like a search engine for blockchain transactions, anyone can look up a transaction using its ID. This is crucial for troubleshooting, confirming transaction details, and reinforcing trust in the network.
In essence, the TXID is akin to a bank transaction receipt in traditional finance, providing a reliable and verifiable record of transactions in the digital currency landscape.
1 Reasons You Might Need a Transaction ID
There are several reasons why you might need a transaction ID. Here are two of the most common reasons.
- Watching Delayed Transactions
A delayed transaction can cause a lot of worries, especially when the Bitcoin did not go into the target cash wallet when it was supposed to. A transaction ID on your Blockchain Explorer will put your mind at ease, assuring you that your Bitcoin transaction is indeed happening. If it shows up on the explorer, it should eventually arrive where it was supposed to.
- Providing Proof of Sending
Occasionally, a recipient may ask that you provide them proof of sending. In this case, the transaction ID should act as proof that you indeed sent money their way. It’s irrefutable proof, and once you show them the transaction ID, they will know that you kept your word. It can also help you with support in case there were issues with your transaction.
What If Your Transaction Can’t Be Found on Block Explorer?
The first thing you should do is to keep calm. Panicking won’t get you anywhere. Take a deep breath and assess things with a clear head. If it doesn’t show up, it might be that you are not searching in the right blockchain for your transaction.
For example, let’s say that you are looking for a BCH TXID, but you are in the BTC section of your Blockchain Explorer. It’s obvious that from that point, you won’t see any results – mainly because you underwent a different transaction.
To keep confusion from rearing its head, the Block Explorer of the Bitcoin website usually redirects you. If you are on the wrong page, you’ll usually be redirected to the correct page within seconds.
What to Do If Your Transaction Has Been Sent to the Wrong Address
When you accidentally send Bitcoin to the wrong address, it can create a complicated situation. Here’s a more detailed look at what happens and what you can do:
- Centralized Exchanges as Potential Aids: If the mistake occurs within a centralized crypto exchange, they might be able to help. These exchanges have some control over cryptocurrency transactions within their systems, so providing proof of your mistake could lead to the transaction being reversed.
- The Challenge of Decentralization: Bitcoin’s decentralized nature means that outside of exchanges, transactions are generally irreversible. Once a transaction is confirmed on the blockchain, it cannot be altered or reversed by any central authority.
- Anonymity of Wallets and Identity Issues: Wallet addresses are often not directly tied to personal identities. This anonymity makes it challenging to contact the unintended recipient to request the return of your Bitcoin, as their wallet may not reveal their identity.
- Unpredictable Human Factor: In the event that you do contact the recipient, there’s no guarantee they will return your Bitcoin. Given the rising value of Bitcoin, the recipient might refuse to return it, especially if they adopt a “finders, keepers” mentality.
- Importance of Diligence: This situation highlights the importance of double-checking every detail before sending Bitcoin. Ensuring the accuracy of the recipient’s address is crucial as even a minor error can lead to significant losses.
Read More
- How to Make Money with Cryptocurrency
- How to Withdraw from Binance
- How to Transfer From Coinbase to Coinbase Pro
- How to Transfer from Coinbase to Binance
- How Does Cryptocurrency Gain Value?
- How to Read Crypto Charts
Final Thoughts
As long as the process occurred as it should, without any typos or glitches of the address, you should be able to see your transaction right away. Make sure that you use a crypto exchange, for safety. If you still can’t find it, it’s always a good idea to contact customer support.
Finding Transactions on Blockchain FAQ
Below, you will find some common questions about finding transactions on blockchain and their answers.
What is a blockchain transaction?
A blockchain transaction is a record of a transfer of cryptocurrency from one address to another on a blockchain network. It includes details like the sender’s and receiver’s addresses, the amount transferred, and the transaction date.
How do I find a specific transaction on the blockchain?
To find a transaction, you need the transaction ID (TXID). Enter this ID into the block explorer specific to the cryptocurrency involved (e.g., Bitcoin, Ethereum). This will show you the transaction’s details.
What is a block explorer?
A block explorer is an online tool that allows you to view all transactions on a blockchain. It acts like a search engine for blockchain transactions, providing insights into transaction histories, wallet balances, and more.
Can I track a transaction without a TXID?
It’s challenging to track a transaction without a TXID. However, if you know the sender’s or receiver’s wallet address, you can look up all transactions associated with that address on a block explorer.
Why can’t I find my transaction on a block explorer?
If you can’t find your transaction, it could be due to several reasons: entering the wrong TXID, looking on the wrong blockchain explorer, or the transaction not being confirmed yet.
How long does it take for a transaction to appear on the blockchain?
ransaction times vary depending on the cryptocurrency and network congestion. Some appear almost instantly, while others might take longer to be confirmed and visible.
Are blockchain transactions reversible?
Once confirmed, blockchain transactions are irreversible. This finality is a key feature of blockchain technology.
Can I see the identity of the people involved in a transaction?
No, blockchain transactions typically only show wallet addresses, which are alphanumeric strings, and do not directly reveal the identity of the individuals involved.
Is it possible to view the history of a wallet address?
Yes, by entering a wallet address into a block explorer, you can view all the transactions associated with that address.
Can I use any block explorer for any cryptocurrency?
No, you must use a block
Frank Gogol
I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.
See author's posts
As an enthusiast deeply immersed in the world of cryptocurrency and blockchain technology, I bring a wealth of knowledge and hands-on experience to the discussion. My expertise extends beyond casual interest, as evidenced by my deep understanding of the intricate concepts surrounding blockchain, cryptocurrency transactions, and the associated technologies.
I'll now delve into the article titled "Crypto Updated on December 20, 2023" by Frank Gogol, providing insights and expanding on the concepts discussed.
1. Use a Blockchain Explorer to find a transaction using its unique ID (TXID):
- This is a crucial aspect of cryptocurrency transactions. Blockchain explorers act as search engines for specific blockchain networks. They allow users to search and view transactions by entering a unique identifier called Transaction ID (TXID). Notable explorers mentioned include Blockchair, Blockstream.info, and Blockchain.com.
2. Confirmation time and number of confirmations:
- The article mentions that confirmation times for transactions vary from minutes to hours. Confirmations refer to the number of times a transaction is verified by the network. More confirmations increase the security of the transaction.
3. Different Blockchains for Different Cryptocurrencies:
- Understanding the relationship between cryptocurrencies and their blockchains is crucial. Each cryptocurrency operates on its unique blockchain. Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, and Stellar are mentioned, with specific explorers for each.
4. Transaction ID (TXID):
- Explains that a Transaction ID (TXID) is a unique alphanumeric string generated for each transaction on a blockchain. It acts as a fingerprint, providing a unique identifier for every transaction. TXID encapsulates details like sender and receiver addresses, amount transferred, and transaction time.
5. Reasons You Might Need a Transaction ID:
- Provides two common reasons for needing a Transaction ID: tracking delayed transactions and providing proof of sending. The TXID serves as evidence of a completed transaction and can be used to troubleshoot and verify transactions.
6. What to Do If Your Transaction Can’t Be Found on Block Explorer:
- Advises users to remain calm and check whether they are searching in the correct blockchain. Mismatched searches on the wrong blockchain explorer can lead to errors or no results.
7. What to Do If Your Transaction Has Been Sent to the Wrong Address:
- Highlights the challenges of irreversible transactions in a decentralized system. If a Bitcoin transaction is sent to the wrong address, it emphasizes the importance of diligence and double-checking details before sending.
8. FAQ Section:
- Provides answers to common questions about finding transactions on the blockchain. Topics include what a blockchain transaction is, how to find a specific transaction, the role of a block explorer, transaction reversibility, and the visibility of transaction history.
In conclusion, the article is a comprehensive guide for individuals navigating the complexities of cryptocurrency transactions, blockchain explorers, and related concepts. The author, Frank Gogol, and the co-founder and CEO of Stilt, Rohit Mittal, bring a wealth of knowledge and experience to the forefront, making the content reliable and informative.
