When transferring cryptocurrency, a situation sometimes arises: the funds have already been sent, but they are not yet displayed on the exchange, wallet, or exchanger. In this case, the first thing to do is to check the transaction itself on the blockchain.

To do this, you use a TXID — a cryptocurrency transaction identifier. Let’s figure out what it is, where to find it, and how to independently verify the transfer of USDT, Bitcoin, Ethereum, and other cryptocurrencies.

What is TXID?

TXID (Transaction ID) is a unique identifier for a transaction on the blockchain.

After sending cryptocurrency, the network creates a record of the transfer and assigns it a unique set of characters. Using TXID, you can find a specific transaction in a blockchain explorer and view its status.

TXID allows you to verify:

whether the transaction was actually sent;
what amount was transferred;
from which address the funds were sent.
to which address do they arrive;
which network did the transfer take place on?;
how many confirmations did the transaction receive;
whether the operation was successfully included in the blockchain.

In fact, the TXID can be compared with the number of a banking transaction, only the transfer information is not stored in the system of a particular bank, but directly in the blockchain.

Where to find the TXID of a transaction

After sending cryptocurrency, the identifier usually appears in the transaction history of the wallet or exchange.

It may be called:

TXID;
Transaction ID;
Transaction Hash;
Hash;
transaction hash.

The format of the identifier differs for different blockchains, but the operating principle remains the same.

If the cryptocurrency was sent from an exchange, you need to open the withdrawal history, select the required transaction, and find the TXID or Transaction Hash field.

In crypto wallets, the identifier is usually located within the detailed information about the completed transfer.

How to verify a USDT TRC20 transaction

USDT can operate across multiple networks simultaneously, so before verifying a transaction, it is important to determine which blockchain the transfer was made through.

If USDT was sent via the TRON network (TRC20), the transaction can be verified using a TRON blockchain explorer.

To do this, you need to copy the TXID and paste it into the search bar of the explorer.

After that, you can see:

the status of the transaction;
sender’s address;
recipient’s address;
USDT amount;
fee;
transaction time;
block number.

If the transaction has a successful status, this means that the blockchain has processed the transfer.

At the same time, the crediting of funds to the exchange or exchange service may sometimes occur a little later, as the service needs to wait for the required number of confirmations and process the receipt within its system.

How to check Ethereum and USDT ERC20

You can check transfers of ETH, USDT ERC20, USDC, and other tokens on the Ethereum network using the Ethereum explorer.

After entering the Transaction Hash, the following information about the transaction is displayed:

status;
block number;
sender’s address;
recipient’s address;
number of confirmations;
network fee;
transaction amount.

Special attention should be paid to the Status field.

If a transaction is marked as successful, it means it was processed by the Ethereum network.

If the operation ends in an error, the funds usually remain at the sender’s address, but the network fee may be deducted.

How to verify a Bitcoin transaction

Bitcoin transactions are also public and can be accessed via BTC blockchain explorers.

Using the TXID, you can verify:

the amount of BTC sent;
the sending and receiving addresses;
the fee;
the number of confirmations;
the time when the transaction was included in a block.

For Bitcoin, the number of confirmations is especially important.

Immediately after sending, the transaction may be in a pending state and not yet included in a block. After the first confirmation, the transaction becomes part of the blockchain, and with each subsequent block, the number of confirmations increases.

Different services set their own minimum number of confirmations before funds are credited.

Why is the transaction successful, but the funds haven’t been credited yet?

This is one of the most common questions when working with cryptocurrency.

The Success status in the blockchain confirms that the network successfully processed the transaction, but this doesn’t always mean that the funds will be instantly reflected on the recipient’s side.

A delay may occur for several reasons.

Additional confirmations are required.

An exchange or exchange service may wait for several blockchain confirmations before crediting the funds.

The number of required confirmations depends on the specific cryptocurrency, the network, and the platform’s rules.

Internal service processing

Even after blockchain confirmation, the receipt may be further processed by the exchange or exchanger’s system.

High network load

With increased user activity, some blockchains may process transactions longer than usual.

This is especially noticeable in networks where transaction priority depends on the size of the fee.

The transfer was carried out via another network.

One of the most serious mistakes is choosing the wrong network.

For example, USDT exists in TRC20, ERC20, BEP20, and other networks. The receiving address and the selected network must meet the requirements of the service to which the funds are being sent.

Therefore, before making a transfer, it is always necessary to check not only the wallet address but also the selected blockchain network.

Is it possible to cancel a sent cryptocurrency transaction?

In most blockchains, a confirmed transaction cannot be cancelled.

If funds are sent to the wrong address and the operation has already been confirmed by the network, they cannot be automatically returned.

That is why it is recommended to check the following before sending:

the recipient’s address;
the selected network;
the amount;
the fee;
the purpose of the transfer, if required.

For large sums, it is sometimes wise to first perform a small test translation.

Is it safe to send a TXID to another person?

TXID itself does not provide access to a cryptocurrency wallet.

Using the identifier, you can view public information about a specific transaction on the blockchain, which is why exchange support services and exchange platforms often request a TXID to find a transaction.

However, you should not share the following with strangers:

seed phrase;
private key;
passwords;
two-factor authentication codes;
backup access codes.

These data are never required to verify a transaction.

What to do if the transfer takes a long time to arrive

If the cryptocurrency hasn’t arrived at the expected time, it is recommended to act step by step.

First, find the TXID of the transaction and check the transaction using the relevant blockchain explorer.

Then make sure that:

1. the transaction actually exists;

2. the transaction status is successful;

3. the recipient’s address is correct;

4. the correct network was used;

5. the transaction has received the required number of confirmations.

If the blockchain shows a successful operation, but the funds are still not displayed on the service side, you can contact support and provide the transaction TXID.

This significantly speeds up the search for the payment.

The main thing

TXID is one of the main tools for verifying cryptocurrency transfers.

It allows you to verify, regardless of the exchange, wallet, or exchanger, that the transaction was indeed sent and processed by the blockchain.

Before any cryptocurrency exchange, it is important to carefully check the address, network, and transfer amount. And if the funds are delayed, checking TXID helps to quickly determine whether the problem lies on the blockchain side or whether additional processing by the service is required.

When conducting an exchange via IXIDE , always carefully select the required network and use the details specified directly in the created request. If you have any questions about the transaction, the transaction data and TXID will help the support team verify the receipt of funds more quickly.

What is a TXID and how to verify a cryptocurrency transaction