When you make a crypto transaction, your computer doesn’t print out a small receipt. So how do you verify a crypto transaction?
If you’re a node operator, you should already know what to do, which probably looks different than the process the rest of us go through. Luckily, there are multiple ways to verify a crypto transaction.
How to confirm your crypto transaction
The easiest way to verify a transaction is to check your wallet’s account activity. This looks a little different depending on which crypto wallet you are using. There’s usually a big friendly activity button on your wallet service’s dashboard, just like you might see on your credit or debit account pages. Tap on it.
Some crypto wallet dashboards are even more user-friendly and have an activity window that just stays open all the time. PayPal’s crypto wallet feature is like this.
If you’re reviewing an NFT, most platforms have a similar dashboard – although that activity button might be a little harder to find.
How to confirm other crypto transactions
So far we have looked at how you can verify your own transactions. However, if you know the wallet address or other information about the transaction, you can actually verify transactions on other accounts as well.
How to use a block explorer
There is also a version of it for regular crypto transactions. It’s called “Block Explorer”. Since different cryptocurrencies work on different blockchains, you need to be on the block explorer that corresponds to the chain on which the transaction took place. The screenshot here is from ether scana popular Ethereum blockchain explorer.
The block explorer even has a search bar where you can search the blockchain by address or ENS, the specific block or token, or even individual transactions. On Etherscan there is even a line of text whether the transaction has been completed or not, with a green tick that appears when the transaction has been completed.
How to check the item activity of an NFT
NFT marketplaces allow you to view item activity just as you can view account activity. So if you want to verify a specific NFT transaction, you can find the NFT on the marketplace and see which account it is on.
Similarly, most NFT marketplaces allow you to view account activity from other accounts. This allows you to verify a transaction even if the transaction had nothing to do with you.
Verifying your crypto transactions is easy
If you’re new to crypto, you might be surprised at how transparent it all is. Being able to see every purchase made by every person is definitely different from how most monetary systems worked in the past. But that’s really the point.
Cryptocurrencies are all about trust. The idea that you can verify a transaction yourself, rather than relying on someone else’s word, is what crypto is all about.
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