What is a hash (Tx Hash, Transaction id) of the transaction?

Did you just make a payment and the receiver asks for a "transaction hash"? The transaction could be in any cryptocurrency: Bitcoin (Bitcoin), Ethereum (Ether), Litecoin (Litecoin) or Tether USDT (more on this in other articles);

For example, the seller will ask you for a hash or transaction identifier as proof of payment.

So how do you find this (Tx Hash) TX / TxID Hash? But first of all, is it safe to share this information and what is a transaction identifier?

What is a transaction hash or ID (Tx Hash / TxID)?

Tx Hash is a transaction hash; it is also known as a Transaction Identifier (TxID). It consists of alphanumeric characters and represents the identification number specified for the transaction of the BTC (Bitcoin). Each transaction that is conducted on the Bitcoin blockchain has this unique identifier. Similarly, transactions on the Ethereum blockchain will have a unique Tx Hash, and each transaction on the Litecoin blockchain will also have a TxID.

For example, a BTC transaction ID looks like this:

a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d




Ethereum transaction hash looks like this:

0xb4bc263278d3f77a652a8d73a6bfd8ec0ba1a63923bbb4f38147fb8a943da26d


This unique identifier is a long string of letters and numbers that is used to identify a specific transaction on the blockchain.

Using TxHash and TxID

All transactions on the blockchain are in the public domain. After you make a payment or transfer coins to another address, the transaction will be transmitted and a Tx hash identifier will be generated. Using ID transaction status can be easily tracked.

Anyone who has a TxID will find out all the details of the transfer, such as: sender address, recipient address, total sending amount, transfer date, block height, commission and number of confirmations. The transaction hash and identifiers do not contain personal information, so it can be shared safely.

How are these transaction hashes and identifiers useful? As we said, this is useful in many ways: for example, you can share this information with your service provider to let them know about the status of the transfer. You can share your transaction ID with the seller to confirm that the transaction was successful. There are many other scenarios in which you may need this feature.

How to find hash id transaction?

If you are new to Bitcoin, you may wonder how to find the Bitcoin transaction ID. Finding a transaction hash identifier is easy. After making the payment, or as soon as you receive the payment, click on the transaction, which will display more detailed information about it. In particular, you will see the status of the transaction. Just click on it and it will open the Blockexplorer page showing all the details of the translation.

All actions of the blockchain are in the public domain. Thus, you can view not only the BTC balance or address, but also check the hash of a specific transaction.

To find out TxID or TxHash, find your BTC or recipient address in blockexplorer. If you see a lot of transactions in the list, just find the amount of the BTC that you sent. Thus, a specific translation can be found. Once you managed to find it, you can also easily find the hash identifier of the transaction. Now you can simply share the transaction ID or, having found it, provide the URL of the page.
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