How to know bitcoin transaction ID

What is TxHash / TxID

Payments in the Bitcoin network can be compared to regular money transfers. Wallet addresses in the blockchain correspond to bank accounts, and transaction identifiers (TxHash or TxID) correspond to transaction numbers. The hash of a cryptocurrency transaction consists of a specific set of numbers and letters that is never repeated. For example: 93437a722a87fd37766cc4b25fb38de1651b172361e85e1483f0ba20144acbe1. This code reflects the status of the transaction in any blockchain browser (Blockchair.com, Blockchain.com):

• Pending –pending.
• Confirmed – confirmed. The transaction record is posted on the network.

The system rejects the payment if the user has set a low commission or has not specified it at all. Such transactions are not displayed in the blockchain, and the coins are returned to the sender.

TxID will show the basic parameters of a bitcoin transaction:

• Digital addresses of the sender and receiver.
• The amount of the transaction.
• The transfer fee.
• The fee per byte.
• The date of the transaction.
• The number of network confirmations.
• The number of the block in which the transaction information is recorded.

With the help of the identifier, you can track the entire history of coins. The entry and exit addresses are usually listed at the bottom of the page. The hash is also used as a check (sent to the service provider to confirm the payment).

How to find a bitcoin transaction ID (BTC)

Transaction IDs allow investors and traders to monitor the status of assets. They provide settlement transparency that is not available in the traditional financial sector.

Bitcoin transaction IDs can be retrieved from wallets, exchangers and cryptocurrency exchanges from which the coins were sent. If you can’t find the TxHash on your own, it’s worth contacting support for help.

Blockchain Wallet

One of the oldest Bitcoin reviewers offers a cryptocurrency storage service. You can view the transfer ID on Blockchain.com immediately after sending or receiving coins. The ID number is generated automatically. You can also find the desired hash in the history of transactions by selecting the line with the relevant amount and payment date.

Transaction data is stored in the blockchain. They can also be accessed in the Explorer section. The algorithm of actions is as follows:

1. Enter the wallet address in the search bar.
2. Select from the list of transactions relevant by date and amount.
3. TxID will be specified in the corresponding field. You can click on it to view the transaction data.

Core and Electrum wallets

Searching for the transaction ID in Bitcoin software clients follows the same algorithm:

1. Log in to your account.
2. In the Transactions section, select the desired payment.
3. Double-click on the designation.
4. The window that opens will show basic information about the transaction, including the TxID.

Coinbase

A popular service for trading cryptocurrency and storing coins can provide users with data about all transfers since the creation of the account. On the Coinbase platform, you should look for transaction information in the “Accounts” tab. If you select a BTC wallet, a list of all deposits and withdrawals will appear. Here you can find the desired record and click on view to find out the ID.

Exchanges

Many trading platforms store information about incoming and outgoing payments. The transaction hash is available in the Bitcoin wallet history. On Binance, it looks like this:

1. Log in to your personal account.
2. Go to the “Wallet” section.
3. Select “Overview” from the menu.
4. Click on “Wallet History.”
5. In the opened list of deposits and withdrawals, select the desired transaction. The identifier is located in the TxID field.

By clicking on the identifier, the user learns the status and details of the transaction. The search system in the mobile application works similarly.

Frequently Asked Questions