Verifying cryptocurrency transaction authenticity ensures funds are sent and received correctly. Blockchain explorers like Etherscan or Blockchain.com allow users to track transactions using the transaction ID (TXID). Copy the TXID from your wallet or exchange and paste it into the explorer. Confirm the sender and receiver addresses, transaction amount, and timestamp match your records. Check the number Benefits of stablecoins in crypto investing confirmations—Bitcoin typically requires six for finality, while Ethereum may need fewer. Be cautious of phishing scams; only use reputable explorers and verify URLs. For added security, run your own blockchain node to independently validate transactions, though this requires technical expertise. Cross-reference transaction details with your wallet’s history, and if discrepancies arise, contact your wallet provider or exchange support. Double-check wallet addresses before sending funds, as blockchain transactions are irreversible. By mastering these verification steps, you protect yourself from fraud and ensure transaction integrity.
