Your identity may be private when you use Bitcoin, but account transactions are not. If you know someone’s Bitcoin address – the same number you use to send money to them – you can search the transaction history and current account balance.
This is very interesting when dealing with scammers. For example, on a massive Twitter hack on July 15, 2020, many news organizations and individuals reported how much money had been sent to the Bitcoin scammer’s address. This is how they find the number – and how you can do the same for any Bitcoin address.
To find this information, you must check the Bitcoin blockchain. This is a public record shared from all Bitcoin transactions that occur. An accessible way to access this information is through a website that provides information for you. We love Blockchain.com Blockchain Explorer for this.
Just visit the website, paste the Bitcoin address where you want to get information in the search field, and press Enter. You can choose your currency
For example, the Twitter attacker uses the following address: bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhxxwwh
You will see a list of transactions related to that address.
On the night of July 15, the account has received a total of 12.86 Bitcoin and has sent 7.16 Bitcoin to another address.
To see the amount of money in US dollars, click “USD” in the upper right corner of the screen. (You can choose another currency from the drop-down box to the right of the search field.)
We can see that the account has received Bitcoin worth more than $ 118,000,
Tools like this can also show you other details of the Bitcoin blockchain, including the current value of a Bitcoin account and information about transactions. Information is out there, and you don’t need to download the entire Bitcoin blockchain yourself to find it.