Bitcoin, as one of the most popular and first created cryptocurrencies, has a transparent process for checking transactions on the blockchain. Here are the steps to check Bitcoin transactions using blockchain exploration.
1. Get the Transaction Hash
The transaction hash (transaction ID or txid) is the unique identification for each Bitcoin transaction. You can get this transaction hash from your digital wallet or the crypto exchange platform where you made the transaction. To check the TX ID / hash made on Indodax, you can follow the steps listed on the following link. Click here.
2. Visit Blockchain Explorer
Open Blockchain Explorer websites such as https://www.blockchain.com/ and https://btc.com/ Both of these sites provide an easy-to-use interface for checking Bitcoin transactions.
3. Enter the Transaction Hash
On the main page of Blockchain Explorer, you will see a search box. Enter your transaction hash into the box and press the “Search” or “Enter” button.
4. View Transaction Details
After searching, you will be taken to a page that displays the transaction details. The information you can view includes:
Transaction Status: Displays whether the transaction has been confirmed or is still in process.
Confirmation Count: Shows how many blocks have verified your transaction. Typically, transactions are considered secure after six confirmations.
Sender and Receiver: The wallet addresses of the Bitcoin sender and receiver.
Amount of Bitcoin Transferred: The amount of Bitcoin transferred in the transaction.
Fee: The transaction fee paid to process the transaction on the Bitcoin network.
Timestamp: The time the transaction was made.
5. Checking Confirmation Status
It is important to check the number of confirmations to ensure that your transaction has been verified by the network. The more confirmations, the more secure the transaction is.
6. Checking Other Details
Blockchain exploration also allows you to view additional details such as transaction input and output, transaction size, and other relevant data for further analysis.
Conclusion
Checking Bitcoin transactions on the blockchain is quite easy by using blockchain explorations such as Blockchain.com or Blockchair. By following the steps above, you can easily verify transaction status and details, ensuring security and transparency in your Bitcoin usage.