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:
a1075db0h5d416d3co149f55b6084e215b9345e16c8cf302fc80e9d5fbf5d48d
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.