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What are the steps to follow when tracking bitcoin transactions?

avatarDmitry SinykovichDec 27, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of the steps involved in tracking bitcoin transactions? I would like to understand the process from start to finish, including any tools or techniques that are commonly used.

What are the steps to follow when tracking bitcoin transactions?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    When it comes to tracking bitcoin transactions, there are a few steps you can follow. First, you'll need to identify the transaction you want to track by obtaining its transaction ID. This ID is a unique identifier for each transaction and can be found on the blockchain. Once you have the transaction ID, you can use a blockchain explorer like Blockchair or Blockchain.com to search for the transaction and view its details. These explorers will provide you with information such as the sender and recipient addresses, the amount transferred, and the transaction fee. Additionally, you can use tools like CoinTracking or CoinTracker to track your own bitcoin transactions and manage your portfolio. Remember to stay updated with the latest security practices and be cautious of phishing attempts or scams when tracking bitcoin transactions.