Tools for Transaction Verification: A Complete Guide to Blockchain Explorers

Transaction verification on the blockchain is one of the most reliable ways to track the status of your cryptocurrency payments and obtain detailed information about the transfer. If you experience delays when depositing or withdrawing funds, consult specialized tools—blockchain explorers—that will provide you with complete information about your payment and help you understand the situation.

Why You Need to Check Transactions in a Blockchain Explorer

When you send cryptocurrency, the system automatically generates a unique transaction hash—TXID. Thanks to transaction verification through specialized explorers, you can track in real time where your payment is. This is especially important for transfers between exchanges, as it allows you to get independent confirmation of the payment’s completion, regardless of what the sender platform shows.

Blockchain explorers operate based on blockchain nodes and APIs, providing full transparency of all network operations. They are indispensable not only for regular users but also for traders, miners, and developers who need to monitor activity on the blockchain.

How Explorers Work and What Data They Show

A blockchain explorer is a web tool that allows users to explore the entire transaction history on a specific blockchain. When checking a transaction, you will see:

Blockchain information:

• Total number of transactions performed
• Current network hash rate
• Overall network activity

Details about a specific payment:

• TXID (transaction hash)—a 64-character unique identifier for each payment
• Exact time of sending
• Number of block confirmations
• Sender and receiver addresses
• Amount in cryptocurrency and fiat equivalent at the time of the transaction
• Gas fee (cost of processing the transaction on the network)
• Current payment status (pending confirmation, confirmed, completed)

Block details:

• Block height and its unique hash
• Date and time of block creation
• All transactions included in the block
• Information about the miner who created the block

Miners use explorers to receive updates on activity and to earn rewards for creating new blocks. Ordinary users utilize these tools to monitor the status of their payments and resolve issues with uncredited transfers.

Choosing the Right Explorer for Your Network

One of the key features of blockchain explorers is their specialization. Most tools focus on a specific cryptocurrency network to provide the most complete and accurate information. This means that a transaction visible in one explorer may not appear in another if the network is not supported.

That’s why it’s important to choose the right tool:

• If you are transferring Bitcoin, use an explorer for the BTC network
• For Ethereum, verify transactions via an ETH explorer
• For Solana, select a Solana explorer
• For other alternative blockchains (Polygon, Arbitrum, BNB Chain), there are specialized tools

Some universal explorers support multiple networks simultaneously, such as Blockchair, which works with BTC, ETH, LTC, XRP, and BCH.

Common Transaction Statuses

Checking a transaction in an explorer will show the current status of the payment. This is critical when waiting for funds to arrive, as many exchanges require a certain number of block confirmations before crediting coins to your account.

Main statuses:

• Pending confirmation — transaction sent to the network but not yet included in a block
• Confirming — payment is in a block, but additional confirmations are needed
• Completed — transaction has enough confirmations and is considered final

Some exchanges require 1-3 confirmations for BTC, 12+ for ETH, or other parameters depending on platform policies.

List of Blockchain Explorers for Different Networks

Universal tools (support multiple networks)

• CoinMarketCap (coinmarketcap.com)—one of the most popular platforms for tracking cryptocurrency data and network information
• Blockscan (blockscan.com)—multi-chain explorer

For Bitcoin (BTC)

• Blockchain.com Explorer (blockchain.com)—one of the oldest and most reliable tools, also supports ETH and BCH transaction verification
• BlockCypher (blockcypher.com)—supports BTC and alternative coins (DASH, DOGE)
• Blockchair (blockchair.io)—supports BTC, LTC, XRP, BCH, and ETH

For Ethereum (ETH)

• Etherscan (etherscan.io)—the most popular and feature-rich explorer for Ethereum, allowing detailed transaction checks

For Solana (SOL)

• Solscan (solscan.io)—specialized tool for analyzing the Solana blockchain

For other blockchains

• Tonscan (tonscan.org)—for TON network
• Hedera Explorer (hashscan.io)—for Hedera network (HBAR)
• EOSFlare (eosflare.io)—for EOS network
• Polygonscan (polygonscan.com)—for Polygon
• Arbiscan (arbiscan.io)—for Arbitrum
• BSCScan (bscscan.com)—for BNB Smart Chain

How to Properly Use an Explorer to Find Your Transaction

Checking a transaction takes only a few seconds. You will need one of two pieces of information:

TXID (transaction hash)—a 64-character string automatically generated when you send a payment. You can find the TXID in your exchange or wallet transaction history. Enter this string into the explorer’s search field, and it will display full details about the payment, including status, confirmations, and fee.

Wallet address—a unique string identifying your account on the blockchain. Entering your wallet address into the explorer allows you to view the full history of all incoming and outgoing payments for that account.

Important: Do not confuse a token contract address with your wallet address. The contract address identifies a specific token on the blockchain and should never be used to send funds.

Restoring Funds: What Data to Provide Support

If you encounter issues with delayed deposits or refunds, checking the transaction via a blockchain explorer will help you provide the necessary information to technical support. This greatly speeds up the resolution process.

When submitting a request to recover funds, prepare the following data:

TXID (64-character transaction hash)—a unique payment identifier that allows unambiguous identification of your transaction on the blockchain. You can obtain this from your wallet history or directly from the explorer.

Token contract address—if you transferred a non-native network cryptocurrency (e.g., USDT on Ethereum). This address is unique for each token and helps specialists determine exactly which asset was transferred.

Screenshots from the explorer—it is also recommended to provide screenshots showing the transaction status, number of confirmations, and other relevant data. This will help speed up verification.

Conclusion: Practical Use of Blockchain Explorers

Knowing how to use blockchain explorers is an essential skill for anyone working with cryptocurrencies. Regularly checking transactions allows you to:

• Confirm that your payment was sent correctly
• Track the exact time the payment was processed
• Monitor the number of confirmations needed for crediting funds
• Quickly diagnose issues in case of delays
• Provide complete payment information when contacting support

Thanks to the transparency of blockchain technology, transaction information is accessible for verification by any user, whether they use online wallets, mobile apps, or exchanges. This is one of the key advantages of a decentralized system—full transparency and the ability to independently control your funds.