How To Trace Bitcoin Transactions

 There are many people who complain about unconfirmed bitcoin transactions, and bitcoin transactions taking longer than usual. If you are also one of them, then you have reached the right place as we will tell you how to trace bitcoin transactions, which is essential to keep a tab on your bitcoin assets. Now, you should know that bitcoin confirmations may take 10 to 20 minutes to get confirmed. Sometimes, they can take an hour or a day or two based on many factors. Yes, you have read that right, bitcoin confirmations depend on the transaction fee you are paying. For instance, if you are paying a higher transaction fee, you might get a faster confirmation. While on the other hand, if you pay a lower fee, your bitcoin transaction can take more time than usual to process.

If you are wondering why this happens, then you should know that bitcoin miners decide the bitcoin mining. To cut it short, they go for transactions that pay them a higher bitcoin transaction fee than the ones paying a lower fee. This is because there are thousands of bitcoin transactions that take place every now and then which lead to online traffic named mempool. The bitcoin miners select the bitcoin transactions that pay them a higher bitcoin transaction fee. In this way, they earn more along with earning free bitcoins which they earn with every successful bitcoin mining.

And the good news is that you have a way to trace the bitcoin transactions and find out whether the bitcoin transaction has been confirmed or not. This will be discussed in detail here, read on!

Quick Steps To Trace Bitcoin Transaction

Now you know that some bitcoin transaction confirmation can take a few minutes and some can take a while. But here is a way to find out about the same. This helps to keep you sane which wouldn’t have been possible otherwise.  

·         Go to www.blockchain.com and confirm your bitcoin transaction id. Next, move to the transaction history and look for the bitcoin transaction id that is generated with every bitcoin transaction. The id is a sequence of numbers, copy it and move ahead.  

·         Navigate to https://www.blockchain.com/explorer or https://live.blockcypher.com/ and paste the bitcoin transaction id on the search field where you will see the number of bitcoin transaction confirmation.

Please Note:

If you are receiving bitcoin cash in a Paxful wallet, then the bitcoin should be confirmed after two confirmations. On the other hand, if you are sending bitcoin cash to an external wallet, it might confirm after six confirmations. Thus, different factors decide the bitcoin transaction confirmation. The bitcoin transaction fee and the volume of bitcoins during transactions are some of the prime determining factors. However, to be on the safe side, you should choose a higher bitcoin transaction fee to get bitcoin transaction confirmation at the earliest.

If you’re stuck with a transaction that is giving you sleepless nights, we have an option for you. Simply call up the customer care executives at XXXXXXXXXXX and enjoy the spring in your step!