Generating TxIDs

🤓 TL;DR:

• What is a TxID?

A TxID (Transaction ID) is a unique identifier assigned to every blockchain transaction. It serves as proof that a transaction has occurred and allows users to track its status. Every blockchain transaction automatically comes with a TxID, also known as a transaction hash or hash.

• Why is it important?

TxIDs are crucial for confirming payments, tracking delayed transactions, and supporting reconciliation within Sequence’s accounting processes.

• ⚠️ Important Note: If the payment amount is below $1,000 in BTC, you can pay via Bybit internal transfer. For amounts above $1,000, the payment must be made on-chain in BTC.
• For detailed instructions, check our step-by-step guide here:

• How do I submit my TxID?

Go to our submission page and enter the required information. For detailed instructions, check our step-by-step guide here.

1. What is TxID?
2. What Makes a TxID Unique and How to Use It
3. Why Is a TxID Important?
4. Locating Your TxID on Different Exchanges
5. How to Submit Your TxID to Sequence
6. Tracking your TxID - Blockchain Explorers

A TXID (Transaction ID) is a unique alphanumeric identifier assigned to each financial transaction, especially in the context of cryptocurrency and blockchain technologies. It serves as a digital fingerprint, allowing users to track, verify, and reference specific transactions.

• Unique Identifier: Each transaction on a blockchain receives a unique TXID, ensuring it's distinguishable from other transactions.
• Digital Fingerprint: The TXID acts as a permanent digital record, allowing you to look up the transaction's details on a blockchain explorer.
• Tracking and Verification: You can use the TXID to track the status of a transaction (e.g., successful, pending, confirmed), and to verify its details.
• Reference Point: The TXID is used to reference previous transactions as inputs when creating new ones, especially in blockchain technologies like Bitcoin.
• Blockchain Lookup: TXIDs are typically used with blockchain explorers (like Etherscan for Ethereum) to view transaction details.

• One, TxID comes in handy when you need proof that you are the one who sent any given digital asset. The recipient of your transfer may request it from you to prove that you sent the payment successfully. TXID is more like a digital receipt of your blockchain transactions. It is safe to share.
• Two, TxIDD also helps in times of delayed transactions. Once in a while, blockchains undergo maintenance leading to delayed transactions. TxID helps ease your worry by enabling you to verify the state of your transaction in the blockchain.
• Three, TxID is used by the Sequence accounting team to track your invoice payments!

1. Go to out website Home Page.

Introducing Sequence

We provide institutional-grade strategies, that work on your exchange account 24/7 and accumulate BTC.

www.tradewithsequence.com

2. Click “Sign in”

3. Enter your credentials.

4. Check your Email.
• You will be asked to check your 2FA details


5. Navigate to the Dashboard.
• On the left-hand side panel, navigate to the Account section.
• Click on “Pay an Invoice” to proceed.

6. You will be redirected to the Invoice Payment Record page.
• In the “Invoice Payment Record” section, enter your Registered Sequence Email Address.

7. Select the Invoice Type:

a. Choose the appropriate option from the Invoice “Type section”:

1. Single Invoice: If you are submitting a TxID for a single payment, select this option.
2. Consolidated Invoice: If you are submitting a TxID for a consolidated payment, choose this option.

b. Once you have selected the appropriate invoice type, enter the amount in the field labeled “Bitcoin Invoice Amount”. Double-check for accuracy before proceeding to the next step.

8. Enter Your Invoice Record.
• Depending on the Invoice Type you selected, enter the appropriate Invoice Record as follows:
• Single Invoice: Enter the Invoice Record in the field provided.
• Consolidated Invoice: Enter the Consolidated Invoice Record in the field provided.

9. Choose the Method of Payment:
• Select the appropriate option from the Method of Payment section:

💡 Note: If the payment amount is below $1,000 in BTC, you can pay via internal transfer.

For amounts above $1,000 in BTC, the payment must be made on-chain in BTC.

10. Submit your information:

• Once you have entered your details and attached any necessary files, click the “Record Payment” button.
• You should see a message that confirms that your information has been successfully submitted.
• If you do not see this message, please double-check your entries and try again.

Blockchain explorers are like the Google of blockchain and cryptocurrencies. They provide a simple way to find transaction IDs (TxIDs) and other details related to transactions on various wallet addresses and blockchains.

Blockchain explorers are useful because they provide transparency and traceability, allowing you to check your transactions anytime, from anywhere.

Transaction IDs (TxIDs) are the most reliable way to track and monitor the state of your cryptocurrencies. They create a level of transparency that traditional finance lacks, helping to ensure accountability.

Why use a blockchain explorer?

• They allow you to access detailed information about your crypto transactions, including:
• Amount transacted
• Source and destination of funds
• Transaction status

Several blockchain explorers exist to help find transaction details for different cryptocurrencies. For example:

• Bitcoin: blockchain.com/explorer

How to use a blockchain explorer:

• Using a blockchain explorer is a pretty straightforward process. Once on the page, the “Search” area is where you enter the information specific to your crypto transaction, preferably the crypto address you made payment with. The next step is to click on search.
• When you click on search, all crypto transactions that involve the crypto address will be displayed, newest to oldest. There you will find your Bitcoin transaction ID. You can click on the transaction ID to find the full details of your crypto payment.