1. How can I track Bitcoin transactions?

Through block explorers and dedicated services offered by some crypto exchanges.

Unlike banks, where it can be difficult to find out information about details about transactions that are currently being processed — as well as those that have been completed — the blockchain offers far greater levels of transparency.

Anyone can search for information based on particular Bitcoin addresses, block numbers and transaction hashes. This, when coupled with wallet explorers, means it becomes possible to draw connections between addresses and the wallets being used to hold Bitcoin.

Of course, this will prove exceptionally useful if you’re worried about whether your crypto has gone to the right destination — or are wondering whether the transaction has been verified. But it’s worth remembering that these tools are also practical for law enforcement agencies that are attempting to clamp down on BTC being used for illegal means.