How to Prove You Sent Cryptocurrency: A Complete Guide

Nikita Verkhovin

Crypto Beginners Guide How to
How to Prove You Sent Cryptocurrency: A Complete Guide

Cryptocurrency transactions, being digital, can sometimes lead to misunderstandings or disputes. Providing proof of cryptocurrency delivery is essential for building trust, whether it's for a business deal, personal transfer, or payment for a service. Here's how to show proof of your crypto transactions effectively.

Why Proof Crypto Transactions Matter

Typically, proving a cryptocurrency transaction isn't necessary, as the process is handled automatically. However, mistakes can occasionally occur. In such cases, to confirm that you've sent cryptocurrency, you need to share the Transaction ID (TxID or hash) with the recipient. This unique identifier allows the recipient to trace the transaction in a blockchain explorer.

Alternatively, you can provide a direct link to the transaction in a reliable blockchain explorer for added transparency. The recipient should verify the transaction details, including the destination address to ensure it matches their wallet address, as well as the amount of cryptocurrency transferred.

Steps to Prove a Crypto Transaction Using Coin Wallet

Coin Wallet makes it simple to share transaction proof. Here's a step-by-step guide:

1. Open the "History" page in your Coin Wallet app. Locate the outgoing transaction you wish to prove and click on it.

Transaction History Screenshot

2. Once you've opened the transaction details, copy the Transaction ID and share it with the recipient.

Copy Transaction ID Screenshot

3. If the recipient prefers a direct link to a blockchain explorer, click the "View in Block Explorer" button. This will open the transaction in a blockchain explorer. Share the link to ensure easy access for the recipient.

View in Block Explorer Screenshot

Important Considerations

Blockchain Explorer Variations

There are multiple blockchain explorers available, but not all of them may be fully synced. Before sharing the Transaction ID, ensure the transaction has sufficient confirmations on the blockchain and is visible in public explorers.

Proving Monero (XMR) Transactions

Coin Wallet supports Monero, a privacy-focused cryptocurrency. Unlike other cryptocurrencies, sharing a Monero transaction link isn't enough. To prove the transfer of a specific amount to the correct wallet address, you need to kindly ask the recipient to use their secret view key to verify your incoming transaction.

By following these steps and precautions, you can avoid disputes and establish trust in your crypto transactions. Coin Wallet ensures this process is straightforward and secure.