How to Quickly Check Transaction Data Using TXID? Complete Guide to Blockchain Explorers

When you deposit or withdraw funds on a cryptocurrency exchange, sometimes the funds don’t arrive promptly. The fastest way to troubleshoot is by using the TXID to check the transaction status. Blockchain explorers are the tools for this—they allow you to transparently view complete information about each transaction, from whether it was successful, the number of confirmations, to underlying fee data.

Why use TXID to verify your transaction?

First, understand a reality: the exchange’s backend records are only one side; the true “ledger” exists on the blockchain. If your deposit or withdrawal hasn’t arrived, it’s often because the transaction is still waiting for network confirmations or hasn’t been successfully broadcasted.

At this point, you need an independent tool to verify the actual situation—that’s where blockchain explorers come in. They connect directly to blockchain nodes, displaying all transaction data in real-time, unaffected by any exchange control, 100% transparent.

Using TXID to verify transactions offers several key benefits:

• Confirm whether the transaction was truly sent to the blockchain
• Check how many confirmations are needed before the funds are credited
• Detect stuck transactions and provide precise info to customer service
• Troubleshoot failures caused by insufficient gas fees

What can blockchain explorers see?

A blockchain explorer is a visual window. You input the TXID (transaction hash) or wallet address, and it retrieves the transaction records from the entire chain.

These tools mainly operate via blockchain nodes and API interfaces, displaying core data such as:

At the transaction level:

• TXID (a 64-character hash, unique for each transaction)
• Sender and receiver wallet addresses
• Transaction amount and the price at the time
• Number of confirmations (how many new blocks have included your transaction)
• Transaction status (success/failure/pending)
• Gas fee (network processing fee)

At the block level:

• Block height (which block number)
• Block hash
• Miner who mined the block
• Total number of transactions included

At the wallet level:

• Transaction history of the address
• Balance changes
• Interactions with smart contracts

Mainstream blockchain explorers comparison

Different public chains have their own explorers. The key point is—each explorer usually only supports specific blockchains. For example, Etherscan only shows Ethereum transactions, not Bitcoin.

Multi-chain general explorers:

• CoinMarketCap (overview of multiple chains, less detailed than dedicated explorers)
• Blockchair (supports BTC, LTC, XRP, BCH, ETH)

Bitcoin ecosystem:

• Blockchain.com Explorer (oldest BTC explorer)
• BlockCypher (supports BTC, DASH, DOGE, etc.)

Ethereum and Layer 2:

• Etherscan (Ethereum standard, most comprehensive)
• Polygon: polygonscan.com
• Arbitrum: arbiscan.io
• BSC (Binance Smart Chain): bscscan.com

Other chains:

• Solscan (Solana)
• Tonscan (TON)
• Hedera Explorer (Hedera Hashgraph)

Complete steps to verify a transaction with TXID

Step 1: Obtain your TXID

After initiating a withdrawal or deposit on the exchange, the system automatically generates a TXID. This 64-character string is your transaction’s “ID card.” Some exchanges display it directly on the withdrawal page; others require you to check your records.

Step 2: Choose the appropriate explorer

Select the correct explorer based on your coin:

• BTC → Blockchain.com or BlockCypher
• ETH → Etherscan
• SOL → Solscan

Using the wrong explorer is a common mistake—some people use BTC TXID on Etherscan and get no results.

Step 3: Paste the TXID and search

Paste your TXID into the explorer’s search box and press Enter. If the transaction has been broadcasted to the network, you should see full details within seconds.

Step 4: Interpret the transaction status

The results will show:

• Pending → still waiting in queue
• Success → confirmed, funds will arrive soon
• Failed → needs to be resent

If it shows “Pending,” check the number of confirmations. Some coins require six confirmations for finality; others only need one.

Step 5: Submit to customer service

If there are issues (e.g., failure status or long confirmation times), send the TXID and screenshots from the explorer to the exchange’s customer support. Having this evidence helps them troubleshoot faster.

Common pitfalls summary

Pitfall 1: Confusing TXID and address

• TXID is a transaction hash (64 characters, changes with each transaction)
• Wallet address is your account identifier (fixed)
• Don’t use your address as a TXID

Pitfall 2: Choosing the wrong explorer

• Each explorer supports only certain chains
• Cross-chain operations require checking on multiple explorers

Pitfall 3: Ignoring confirmation count

• Even if it shows “Success,” insufficient confirmations can lead to rollbacks
• More confirmations mean higher security

Pitfall 4: Mixing up gas fees and exchange fees

• Gas fee is paid to the network
• Exchange fee is charged by the platform
• Both matter; don’t focus only on one

Summary

TXID is the most direct way to verify on-chain transactions. Learning to use the appropriate blockchain explorer to check your TXID enables quick diagnosis and precise troubleshooting when issues arise. Remember three key points: choose the right explorer, get the correct TXID, and check the confirmation count. Mastering these allows you to track every transaction like a pro trader.