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Where to Track Blockchain Crypto Transactions?

Posted on Apr 18, 2025 by Marco Lucchetti
Where to Track Blockchain Crypto Transactions?

Tracking cryptocurrency transactions doesn't require deep technical knowledge — it only takes the right blockchain tool. Whether you're reviewing a Bitcoin transaction, checking Ethereum activity, or monitoring your wallet balance on Solana, modern platforms help users track each crypto transaction in detail and in real time.

Blockchains function as digital ledgers, recording every cryptocurrency transaction across a decentralized network. Unlike traditional banking systems, these records are publicly available and accessible from anywhere in the world with an internet connection. This transparency builds trust and ensures compliance with global financial standards.

To track any transaction, you’ll need to use a blockchain explorer linked to the relevant coin. For instance, if you're tracking an ETH transfer, you would use a platform that supports Ethereum's blockchain. Each cryptocurrency has its own blockchain and corresponding explorer, allowing users to monitor wallet activity, verify digital asset transfers, and confirm compliance across borders.

Plisio Tip: As a leading crypto payment gateway, we've seen that businesses that integrate blockchain explorers into their transaction workflows reduce verification times by up to 60%. Our team regularly uses Etherscan and Blockchain.com for real-time checks and reconciliation.

This guide introduces some of the top platforms and explains how to generate insights from blockchain data.

2025 Crypto Market Stats: Why Blockchain Tracking Matters More Than Ever

Understanding the scale and speed of crypto in 2025 makes the case for reliable transaction tracking tools even stronger:

  • Global crypto market cap surpassed $3.32 trillion in January 2025, with Bitcoin alone holding over 57% dominance.
  • Over 560 million people globally now use cryptocurrencies, marking an all-time high.
  • Bitcoin processes over 557,000 transactions daily, a 44% increase from last year.
  • Ethereum exceeds 1.2 million daily transactions, reflecting high demand for DeFi and smart contracts.
  • 85+ million crypto wallet apps downloaded globally; projected to surpass 1 billion users by 2030.
  • $14.2 billion moved in daily crypto transactions, up 78% year-over-year.
  • 42% of consumers prefer digital wallets for cross-border payments.
  • Wallet adoption by region: Asia (45%), Europe (17%), North America (14%), Africa (10%), Latin America (9%), Oceania (1%).

With crypto activity reaching these levels, the need to track, verify, and monitor transactions — whether for personal strategy or business compliance — has never been more crucial.

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Top Blockchain Explorers You Should Know

Here are some of the most reliable and widely used explorers for various blockchains:

  • Etherscan – The leading explorer for Ethereum. Use it to review wallet balances, smart contracts, and transaction history. (etherscan.io)
  • Blockchain.com – Ideal for Bitcoin tracking. Offers a user-friendly dashboard for viewing transaction records and activity. (btcscan.org)
  • Solscan – Designed specifically for Solana, giving users real-time insight into token and wallet data. (solscan.io)
  • BscScan – Mirrors Etherscan’s layout but supports Binance Smart Chain coins and contract analysis.
  • Tronscan – Official explorer for Tron. Easily monitor TRX transactions, digital assets, and staking history.
  • BlockCypher – Offers tracking support for Litecoin and other altcoins. (live.blockcypher.com/ltc/)
  • Bithomp – Simple interface to track XRP wallet transactions and history. (bithomp.com/explorer)

These platforms are completely free, require no signup, and offer tools to analyze wallet addresses, block numbers, and transaction hashes with ease.

What You Can Learn from a Blockchain Explorer

A blockchain explorer is more than just a search engine — it's a compliance tool and a strategic asset for crypto users. When you enter a transaction ID (TXID) or wallet address, you unlock:

  • Transaction status — Pending, confirmed, or failed.
  • Wallet activity — Sender and receiver address history.
  • Fees — Gas or network costs paid per transaction.
  • Timestamps — Exact moment of transfer.
  • Block number — Which digital block holds the record.
  • Token/coin details — Type of asset moved and its value.
  • Unique transaction hash (TXID) — The digital fingerprint of a transaction.

These details help businesses ensure regulatory compliance, monitor asset flows, and build trust with partners and customers. The ability to link every action to a blockchain record provides unmatched transparency.

Plisio Insight: We’ve helped thousands of businesses build transaction workflows around these tools. Whether you’re filing reports or investigating irregularities, explorers offer critical proof for audits, taxes, and dispute resolution.

How to Track a Transaction Step-by-Step

Even if you don’t own cryptocurrencies, you can still use explorers to verify transactions. Here’s how:

  1. Visit the explorer supporting the specific blockchain of the asset you're tracking.
  2. Input data like a wallet address, TXID, or block number.
  3. Filter results using shortcuts (Ctrl+F or Cmd+F) to find relevant values or timestamps.
  4. Review transaction details — amount, receiver, confirmations, and TXID. Copy and share this info if needed.

Real-World Example: A freelancer in Argentina uses Etherscan to confirm when a payment in USDT (on Ethereum) hits their wallet. They immediately see the confirmation, block number, and sender address, allowing them to issue a receipt to their client abroad.

User Feedback: “I run a small e-commerce store and receive crypto payments daily. With Solscan, I can instantly verify incoming transactions without having to open my wallet app. It saves me time and helps me keep accurate records,” says Julia, a merchant accepting Solana payments.

Business Insight: A compliance officer at a fintech firm uses Blockchain.com and BscScan to monitor internal wallet activity and ensure all operations align with KYC/AML regulations.

Plisio Use Case: We recently supported an online platform processing high-volume payments across 20+ crypto assets. By integrating BscScan and Etherscan directly into their backend, they reduced transaction validation time by 45% and improved customer resolution speed.

Tracking tools allow you to monitor market activity, validate transfers, and generate reports for strategic decisions.

Final Thoughts

In the fast-moving world of crypto, being able to track cryptocurrency transactions confidently is a major advantage. Blockchain explorers provide real-time access to transaction history, wallet details, and digital asset records — helping users stay informed and in control. Whether you're managing personal funds or operating a crypto business, having insight into every transaction builds trust and ensures compliance in an increasingly regulated market.

With just a wallet address or TXID, anyone can link into the blockchain and verify the activity of any coin across supported networks. That’s the power of decentralization — and with the right platform, it's right at your fingertips.

About Plisio: With over a decade of experience in the crypto payment space, Plisio provides secure and scalable solutions to help businesses accept and manage cryptocurrency payments. Our team of experts actively monitors blockchain trends to help our clients stay ahead — with transparency, trust, and strategic insight at the core of every service we offer.

Please note that Plisio also offers you:

Create Crypto Invoices in 2 Clicks and Accept Crypto Donations

18 integrations

10 libraries for the most popular programming languages

19 cryptocurrencies and 12 blockchains

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Any questions?

While each blockchain has its own explorer and structure, modern tools simplify this process by offering unified dashboards. Comprehensive solutions help aggregate transaction data from various blockchains, reducing the complexity of managing cross-chain transfers and trading activities.

As a leading crypto payment provider, Plisio leverages industry-grade trackers and analytics to help clients monitor wallet activity, track incoming/outgoing funds, and ensure regulatory compliance. Our software includes built-in reporting tools to assist businesses with transaction validation, tax filing, and identity verification.

Yes, tracking tools are essential for calculating crypto taxes. They allow you to generate reports of transaction history, which can be used to calculate capital gains, losses, and transfer volumes. Many crypto tax platforms integrate directly with explorers and wallets for automated recordkeeping.

Businesses often utilize advanced tools like Chainalysis, CipherTrace, and Blockchair for comprehensive blockchain analytics. These platforms offer enterprise-grade features such as identity clustering, risk assessment, and KYC/AML compliance modules. Plisio also integrates such tools to help merchants and exchanges ensure compliance across jurisdictions.

While blockchains are pseudonymous, they are not fully anonymous. Wallet addresses are visible, and blockchain analytics software can often link addresses to real-world identities using metadata or exchange data. This helps in identifying suspicious transfers and complying with legal requirements.

You can analyze transaction data such as: Number of confirmations TXID (Transaction ID) Timestamp of transfer Wallet addresses Details such as sender, receiver, amount, and associated fees Risk scoring indicators used by compliance and regulator platforms These insights are useful for investment strategy, exchange reporting, and evaluating the popularity or risk of a particular wallet or token.

Tracking blockchain transactions helps ensure compliance with regulatory standards such as KYC (Know Your Customer) and AML (Anti-Money Laundering). It also helps individuals and institutions monitor movement of funds between wallets, confirm crypto-related payments, and investigate suspicious activity. For financial institutions, tracking tools are essential for reporting, auditing, and risk mitigation.

The most effective way to track cryptocurrency transactions is by using a blockchain explorer. These tools allow you to enter a wallet address, transaction ID (TXID), or block number to access detailed transaction data. Popular trackers like Etherscan, Blockchain.com, and Solscan offer transparency into payment confirmations, volume, sender/receiver identity, and more.

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