TXID and other key information: How to track your transactions using a blockchain explorer

In the cryptocurrency trading process, especially when handling deposits or withdrawals, understanding how to check the transaction status is crucial. Blockchain explorers serve as key tools in this process, helping you quickly locate transactions and obtain the necessary information for subsequent actions. By mastering how to use these platforms to view TXID and related transaction data, you can better manage the flow of your assets.

Core Functions of Blockchain Explorers

Blockchain explorers are data query platforms supported by API interfaces and blockchain nodes, providing users with multi-dimensional information such as transaction details, network hash rate, and transaction growth trends. The main advantage of these tools is transparency — users can view detailed data like transaction history for specific wallet addresses, transfer amounts, sources, and statuses.

For traders who frequently buy and sell cryptocurrencies, explorers are standard tools for tracking fund flows. When a user initiates a transaction, the system automatically generates a unique identifier, commonly known as TXID or transaction hash. This identifier functions like a tracking number for a courier, allowing both users and support teams to confirm transaction status. Miners also use explorers to monitor their block production, as successfully mined blocks earn corresponding block rewards.

Understanding Transaction Data: TXID, Confirmations, and Fees

Every transaction on the blockchain generates a unique TXID (transaction ID), a 64-character string that serves as the basis for tracking the transaction. Besides the TXID, explorers display several important data points: transaction timestamp, current status, block height, the real-time value of the assets involved at the time of transaction, cumulative confirmation count, the number of tokens in inputs and outputs, wallet addresses, and more.

Some on-chain transactions involve smart contracts, and such transactions are marked with the transaction type in the explorer. Another common data point is the fee (often called “Gas fee”), which represents the cost required to process the transaction on the blockchain. It’s important to note that this fee is different from deposit or withdrawal fees charged by exchanges. Understanding these data points is vital for diagnosing transaction issues.

Choosing the Right Explorer to Track Your Assets

Different blockchain ecosystems have their own mainstream explorers. Universal explorers like CoinMarketCap and Blockscan can query across chains; Bitcoin series explorers include Blockchain Explorer, BlockCypher, or Blockchair; Ethereum ecosystem primarily uses Etherscan; Solana uses Solscan; other major chains like TON, Polygon, Arbitrum, BNB Smart Chain each have dedicated explorers (Tonscan, polygonscan.com, arbiscan.io, bscscan.com).

When selecting an explorer, note that most focus on a single blockchain to provide more detailed data. This means a transaction visible on one explorer may not be found on another if that blockchain or token isn’t supported. It’s recommended to choose a professional explorer tailored to your transaction’s chain type.

Practical Application of Retrieving Transaction Details via TXID

When you need to contact support for failed deposits or request a foreign currency refund, providing accurate transaction details can significantly speed up the resolution process. The key information you need to prepare includes:

TXID (Transaction Hash) — This is the first step in querying a transaction. Enter your TXID into the explorer’s search box, and the system will immediately return the full record of that transaction, including status, confirmation count, involved wallet addresses, and more.

Token Contract Address — If you transferred a token rather than the main chain coin, you also need to provide the token’s unique contract address on the blockchain. This address is different from the wallet address and cannot be used to receive funds.

Most explorers support searches by TXID or wallet address, allowing users to quickly track their transaction history. Having this information ready and submitting it to support will ensure your issue is resolved promptly and that funds can be accurately traced and recovered.