A Coinbase transaction ID refers to a unique code that separates and verifies your cryptocurrency transactions on the blockchain. You need this ID to locate specific funds, but this can differ depending on the type of currency used. The transaction ID (also called “transaction hash”) can be an important background process to understand for skilled traders and investors.
Read on to learn more about Coinbase and how you can view your transaction ID. Whether you’re a novice trader trying to build a portfolio or an experienced investor looking for basic ID information, you can use this brief guide to help.
What is Coinbase?
Coinbase makes buying, selling, and managing a crypto portfolio simple. This is why it has become the premier platform for investors looking to diversify their currency. Coinbase provides simple to use trading systems, security features, a robust referral program, and signing bonuses.
They offer advanced market data for their various crypto offerings, including Bitcoin, Litecoin, Ethereum, and over 20 other currencies. They also have a mobile app for Android and iOS that contains the same analytics and security features as their site.
With a Coinbase or Coinbase PRO account, your investments remain insured by banking institutions, protected by Coinbase security, and backed up their guarantees. Visit their site to learn more about signing up for an account and the features they provide.
Coinbase Transaction ID: How to View It
If you’ve transferred currency to your wallet or through another transaction, you will have a unique transaction ID. You can view this ID in the account of that wallet and send it to Coinbase for a report on that transaction.
A transaction ID is a unique set of characters that verifies every crypto trade on the blockchain. It’s the unique code that you need in order to locate specific funds after conducting a transaction. It can be easily viewed at the top of the page of the block explorer website. This page and ID differ depending on the currency you trade. In other words, blockchain’s ID comes from blockchain.com while Ethereum’s comes from etherscan.io. You can use this ID through your trading network to track money or verify your transaction records.
Your Coinbase account verifies and displays this information on the transaction page. It can also track down the transaction record in your wallet. Therefore, if you want to keep your portfolio records organized, you may need your transaction IDs.
The Takeaway for Investors
Coinbase transaction ID helps you manage your portfolio on Coinbase. You can copy the URL from your currency’s blockchain and track your money between wallets or trades. This unique ID differs depending on your chosen currency, but Coinbase can help you check on it through your account data. Using their market analytics, tracking information, and easy to use account interface, you can retrieve and use your transaction ID for whatever you need.
Both new and experienced investors should know where their transaction IDs are located and how to use them to retrieve transfer information. Crypto needs to be accounted for in taxes and tracked for portfolio purposes. Transaction IDs simply help investors get the information they need.