How to tell if transaction has been successful ?

Every successful transaction is registered in the blockchain , thus you can check the transaction on the block explorer with the help of transaction Id (txid). Here are two main ways to tell if a crypto transaction has been successful:

  1. Check the transaction status on a blockchain explorer. A blockchain explorer is a website or app that allows you to view all of the transactions that have been made on a particular blockchain. To check the status of your transaction, simply enter the transaction ID into the search bar on the blockchain explorer. You can use websites like blockchair.com, etherscan.com, tronscan.org, bscscan.com
  2. Check your wallet balance. Once a transaction has been confirmed, the funds will be credited to your wallet balance. You can check your wallet balance by logging into your wallet account.

Here are some specific steps on how to check the status of a crypto transaction on a blockchain explorer:

  1. Go to the blockchain explorer for the cryptocurrency that you sent the transaction for. For example, if you sent a Bitcoin transaction, you would go to a Bitcoin blockchain explorer like Blockchain.com or Blockcypher.com.
  2. Enter the transaction ID into the search bar. The transaction ID is a unique code that is assigned to every transaction on a blockchain. You can find the transaction ID in your wallet or on the exchange where you sent the transaction from.
  3. Click on the search button. The blockchain explorer will display the status of your transaction.

If the transaction status says “confirmed,” then the transaction has been successful. If the transaction status says “pending,” then the transaction is still being processed and it may take some time for it to be confirmed. If the transaction status says “failed,” then the transaction was not successful and the funds will be returned to your wallet.

It is important to note that the number of confirmations required for a transaction to be considered successful varies depending on the cryptocurrency. For example, Bitcoin transactions require 6 confirmations, while Ethereum transactions only require 3 confirmations.

Here are some tips for ensuring that your crypto transactions are successful:

  • Make sure that you are using the correct wallet address for the recipient.
  • Double-check the amount of cryptocurrency that you are sending.
  • Be patient. Cryptocurrency transactions can sometimes take some time to be processed, especially if the network is congested.
  • If you are unsure about anything, please contact the support team for your wallet or exchange or ask in Crypto Awaz Socials

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