How to track transactions on the blockchain
1) Why track transactions
For bitcoin casino players in Australia, controlling transactions is particularly important. Tracking allows you to:
- make sure that the deposit has reached the casino;
- Check your withdrawal status
- Track confirmations on the network
- Identify possible delays or errors
- record evidence of transfer in controversial situations.
2) Basic tracking tools
Blockchain explorers are online services for viewing transaction data. Popular:
- Blockchain. com Explorer*
- Blockstream. info*
- BTCscan*
- TXID (Transaction ID) - a unique identifier that is assigned to each operation. You can use it to check the status of the transfer.
- Wallets and exchanges - many of them display the status of sent transactions, the number of confirmations and commissions built in.
3) How to validate a transaction
1. Find TXID in your wallet or casino account.
2. Insert it into the search bar of the blockchain explorer.
3. Check:
- transfer amount;
- Sender and receiver address
- date and time of dispatch;
- number of network confirmations.
4) What do confirmations mean
0 confirmations - Transaction sent but not yet in block. Funds are pending.
1-3 confirmations - the operation is already in the block, but the network continues to check it.
6 + confirmations - the translation is considered finally confirmed and irreversible.
For casino deposits, 1-3 confirmations are enough. To withdraw - casinos can require up to 6 confirmations.
5) Possible problems with translations
Delays due to low fees: if the sender has installed a small fee, the transaction may freeze.
Address errors: with an incorrectly entered address, funds are lost forever.
Network congestion: At times of high activity, confirmations can take several hours.
Fraud risks: unscrupulous casinos can delay withdrawal under the pretext of "waiting for confirmations."
6) Tips for Australia players
Always copy and store the TXID for monitoring.
Compare the recipient's addresses with the addresses provided by the casino.
For large amounts, use wallets where you can regulate the commission.
Check the statuses not only in the casino, but also through third-party explorers.
In the case of a dispute with a casino, the presence of a screenshot from the blockchain is a weighty argument.
7) The bottom line
Tracking transactions on the blockchain is key to transparency and security in BTC casinos. The use of TXID and blockchain explorers allows players to see the path of their funds in real time, understand the causes of delays and minimize risks.
