What is the Tax ID of a payment?

Each transaction made with cryptocurrencies (Bitcoin, USDT, DAI) has a unique Tx Hash identifier, which is known as the Transaction ID (TxID).

It consists of alphanumeric characters and represents the identification number for each transaction made. This unique identifier is a long string of letters and numbers used to identify a specific transaction. Here's an example:


Why is it important to know your Transaction ID?

Knowing your Transaction ID allows you to access all the details of the transfer, such as:

- Sender's address

- Recipient's address

- Total amount sent

- Transfer date

By sharing this information with your service provider, they can provide you with updates on the status of the transfer. Transaction IDs and transaction hashes do not contain personal information, so it is completely safe to share them with anyone.