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Beginners Guide

Lead · Beginners Guide

How to Read a Blockchain Explorer: The First Step in On-Chain Analysis Starts With One Transaction

You don't have to take anyone's word for it — paste a transaction hash into a blockchain explorer and see exactly where the funds went with your own eyes. That's the most basic, and most important, first step in on-chain analysis.
On-chain analysis sounds like it has a steep learning curve, but everyone can already do the most fundamental step for free: open a blockchain explorer, paste in a transaction hash or wallet address, and see with your own eyes exactly where the funds actually went — no need to trust an exchange's announcement, no need to rely on any third party's account of events. This article walks through a...
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"You don't have to take anyone's word for it — paste a transaction hash into a blockchain explorer and see exactly where the funds went with your own eyes. That's the most basic, and most important, first step in on-chain analysis."
— Onchain Bible
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