Tracking cryptocurrency transactions is one of the key practices for anyone working with digital assets — whether you’re a trader, analyst, accountant, or wallet owner. Knowing how to verify a transaction, find it on the blockchain, and confirm receipt of funds increases the transparency and safety of your crypto holdings.
The transaction identifier (TXID) is a unique digital “fingerprint” used to trace the movement of funds, confirm transfers, and provide proof for audits or tax reporting. In this guide, we’ll explain how blockchain explorers work, how to find your TXID, which tools to use for analysis, and how to organize proper tracking of all your crypto transfers.
Table of Contents
- What Is a TXID and Why It Matters
- How to Find the Transaction Identifier
- How to Check Transfers in a Blockchain Explorer
- How to Track Transactions Across Multiple Blockchains
- How to Track Crypto Transactions for Tax Reporting
- How to Track Whale Transactions and Large Wallets
- Common Mistakes When Checking Transactions
- Best Tools for Monitoring Transactions
- Tips for Effective Crypto Transaction Tracking
What Is a Transaction ID (TXID)
Each blockchain operation is assigned a unique identifier called the Transaction ID (TXID). It’s an alphanumeric string that acts as a permanent link to a specific transaction recorded on the distributed ledger.
With a TXID, you can:
- Verify whether the transaction was successful;
- See sender and recipient wallet addresses;
- View the transaction amount and network fee;
- Confirm the operation for auditing or tax purposes.
Every time you send or receive cryptocurrency, your wallet automatically generates a TXID. You can find it in your wallet’s transaction history or in your exchange account.
How to Find the TXID
To check a crypto transaction, simply copy the TXID and paste it into a blockchain explorer’s search bar. For example:
- Blockchain.com — for Bitcoin;
- Etherscan — for Ethereum;
- BscScan — for Binance Smart Chain;
- TronScan — for TRC-20 tokens.
For multi-network tokens, make sure to use the correct explorer for the chain through which you sent the funds. For example, if you transferred USDT via TRC-20, check it on TronScan, not on Etherscan.
How to Track Transactions Using a Blockchain Explorer
A Blockchain Explorer is an online tool that displays all transactions, blocks, and wallet addresses within a given network. It’s an open public database that allows anyone to verify transfers in real time.
To track a transaction:
- Copy your TXID from your wallet or exchange.
- Go to the appropriate blockchain explorer.
- Paste the identifier into the search bar and press Enter.
You’ll see details like the amount, date, confirmation status, and transaction fee. If the transaction is still “pending,” it hasn’t yet been confirmed in a block. Confirmation times range from a few seconds to several minutes depending on network congestion.
BTC/USD Live Price Chart
How to Track Wallet Transactions Across Multiple Blockchains
If you use several networks (like Bitcoin, Ethereum, or Polygon), tracking them manually can be time-consuming. Each blockchain maintains its own ledger and explorer. There’s no universal tool — but there are multi-chain tracking platforms that make it easy.
Popular multi-chain tracking platforms inсlude:
- DeBank — shows tokens, transaction history, and DeFi activity.
- Zapper — supports dozens of chains and DeFi protocols.
- CoinStats — syncs with your wallets and exchanges.
Enter your wallet address, and the systеm will automatically display all your transactions across supported blockchains — convenient for those working with bridges or cross-chain transfers.
BTC, ETH and USDT Market Data
Bitcoin Price
$111.64K24H % Change
1.05%Market Cap
$2.23T24H Volume
$77.77BCirculating Supply
19.93MEthereum Price
$3.83K24H % Change
1.76%Market Cap
$462.57B24H Volume
$43.42BCirculating Supply
120.70MTether Price
$1.0024H % Change
-0.01%Market Cap
$180.03B24H Volume
$145.55BCirculating Supply
179.80BHow to Track Crypto Transactions for Taxes
When filing crypto taxes, you must account for all transactions — trades, sales, staking rewards, airdrops, and internal transfers. Specialized tools simplify this process by importing your data automatically.
These platforms connect via API or CSV files, automatically calculate gains and losses, and categorize your taxable events. For manual tracking, you can record your TXIDs, amounts, and dates in an Excel sheet, but automation is strongly recommended for active traders.
How to Track Whale Transactions and Large Wallet Activity
Large transactions often indicate potential market movements. For example, big BTC deposits to exchanges may suggest upcoming sell pressure. Tracking whale activity helps traders anticipate trends.
Top whale-tracking tools inсlude:
- Whale Alert — real-time alerts on large blockchain transfers.
- Nansen — advanced on-chain analytics and wallet monitoring.
- Glassnode — liquidity flow and network metrics.
- Santiment — behavioral and sentiment analysis.
You can also bookmark wallet addresses of known institutional investors, exchanges, or DeFi protocols and monitor their on-chain activity directly via explorers.
Common Mistakes When Checking Blockchain Transactions
Even experienced users often make simple mistakes when verifying blockchain transactions. The most frequent ones inсlude:
- Wrong explorer: Searching for a TRC-20 transfer on Etherscan will show nothing. Always check the correct network.
- Incomplete TXID: Missing or mistyped characters cause “Transaction not found” errors. Copy TXIDs in full.
- Panic over pending transactions: Delays happen during high network congestion — be patient.
- Using outdated trackers: Some tools updаte slowly; always verify data in official explorers.
Best Tools to Track Crypto Transactions
Here are some reliable blockchain explorers and analytic platforms to help you monitor your activity:
Basic Explorers:
Multi-chain Platforms:
Analytics and Tax Tools:
How to Effectively Track All Your Crypto Transfers
To stay organized, establish a simple but consistent tracking systеm:
- Create a spreadsheet noting the date, TXID, amount, and blockchain for every transfer.
- Keep CSV exports from your wallets and exchanges.
- Use automated tracking software to sync transactions in real time.
- Periodically verify your data using blockchain explorers.
This habit ensures you never lose track of your funds and maintain clean records for reporting. Blockchain transparency enhances both security and accountability, allowing you to verify every transaction whenever needed.
