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Author Topic: How do I identify my "Transaction ID" from a BitPanda BTC purchase?  (Read 47 times)
S400
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January 07, 2018, 03:32:12 PM
 #1

I am tying to track a purchase of Bitcoin I made using BitPanda (I paid in cash - Euro - from bank account).

I understand that if I enter the Transaction ID into the blockchain.info search screen, I can see the details of the transaction.

BUT - WHICH is the Transaction ID from all the numbers I see in BitPanda?

I have the following numbers from BitPanda screens:-
 - Order ID in Trade Details screen
 - Wallet Transaction payout to id in Trade Details screen
 - Order ID in the Wallet transaction screen
 - The PID in the Wallet Transaction screen  (no idea what "PID" stands for)

And in my Electrum Wallet is have:-
 - Receiving Address    -  which is what I pasted into the equivalent field (I hope!) when making the BTC  purchase in BitPanda.

  • Do you know if any of these numbers would be the Transaction ID to make the blockchain.info search?

    Or is it some other number?   If so what & where would I find it?
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buwaytress
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January 07, 2018, 04:18:11 PM
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All those ID numbers you use are useful references only for BitPanda. What happens when you purchase Bitcoin from an exchanger like BitPanda (which is a centralised exchange platform), you get credited Bitcoin in your BitPanda account. This is important for you to understand:

You don't actually own any Bitcoin until you withdraw the balance on your account into your own personal wallet.
The balance on these types of sites/exchanges merely show you an amount they promise to honour if you request a withdrawal.
None of this takes place on the Bitcoin network and, therefore, is not viewable on the blockchain.

Once your account is credited with Bitcoin, request a withdrawal to your own personal wallet address. They will send you an email confirmation, click the link, and the withdrawal is processed.

At this moment, BitPanda spends from their wallet to yours. Once that happens, there will be a transaction ID on the Bitcoin network. You can use that to enter in a block explorer to track your transaction.

Alternatively, enter the Bitcoin address you are withdrawing to. Any incoming spends should show up on the block explorer.

S400
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January 07, 2018, 04:34:39 PM
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Thanks for the info.
-
It would have been VERY nice if BitPanda could have explained this !
-
My concern now is that I have lost my €50, since the receiving address I entered into the BitPanda transaction was from my Electrum [desktop] wallet and not from a BitPanda wallet.
-
(I'll have to go back to BitPanda to see if I even have a wallet there - or yet need to create one).
-
I can see now this is yet another why Bitcoin trading is so difficult and risky - good job I didn't splash out on a few thousand Euros on my first attempt at purchasing Bitcoin.
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January 08, 2018, 04:51:21 PM
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Thanks for the info.
-
It would have been VERY nice if BitPanda could have explained this !
-
My concern now is that I have lost my €50, since the receiving address I entered into the BitPanda transaction was from my Electrum [desktop] wallet and not from a BitPanda wallet.
-
(I'll have to go back to BitPanda to see if I even have a wallet there - or yet need to create one).
-
I can see now this is yet another why Bitcoin trading is so difficult and risky - good job I didn't splash out on a few thousand Euros on my first attempt at purchasing Bitcoin.


I don't think any exchange makes it very clear - a lot of people, myself included, had to learn the hard way the difference between owning and controlling Bitcoin and having them "stored" on a third party account.

I'm a BitPanda user, so I'm not sure I understood your follow-up query. If you bought Bitcoin with a cash transfer, you haven't lost anything. Once BitPanda confirms the order and processes it, you'll see the balance of Bitcoin within your account wallet (just click Bitcoin wallet). Again, this is just a credit on your account. But if you entered your Electrum wallet as the receiving address, then you're good also. They'll simply send the Bitcoin to that address... I never bought from them so I don't know how long they'll take but their other withdrawals are very quick.

The BTC address from your BitPanda wallet is only for depositing. You have to click "generate address" the first time you use it.

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