Happy New Year and Welcome to 2024 guys, How are you doing? I hope you all are doing fine at your respective geographical locations. Alright. So there is this update that came into my mind recently, which I thought it will be of great value if I share it among this community of Bitcoin lovers, and that is "How to generate a Bitcoin Transaction Statement". Because, truly we all know that as Bitcoin enthusiast which we all are, this is one tool/feature/tip we all need to know about it, and how to use it, so as to enable us generate a Bitcoin transaction statement at else without stress in times of need. Hence, that brought the need why I came up with this thread, as a step-by-step guide to help whoever wishes to know how to generate a Bitcoin statement of account, showing all inflow and outflow of funds, same way it's been done with in our traditional banking system as a legal entity which could be used in the court of law if in case you happened to be mistakenly accused and been asked to provide a proof of your source of income, then it could be generated as a proof to show how you genuinely earn the money through your participation on our forum weekly signature campaign payment, or elsewhere. Because though in this part of the world where I come from, it's sad that people have this ideology that if a person is seen to be living a good financially free life and yet not have a physical job, that he/she is either into internet fraud (i.e Yahoo boy), of which most cases when investigated always end as false, as we have got digital skill whereby someone could be making huge money weekly while still at the comfort of his home e.g bitcointalk, digital marketing, affiliate marketing, e.t.c. Hence, that gave me the reason to teach those who may never have known that it's possible to generate a Bitcoin statement of account on this thread now, as a legal paper for you to present if in case need for it arises someday in the court of law. Thanks.
So Who Need A Bitcoin Statement of Account?A Bitcoin statement of account is a legal paper showing all inflow and outflow of funds that may have transacted through a given wallet address on a Bitcoin Blockchain, hence, in as much as you have ever made a transaction using Bitcoin or intend make a transaction in the future, then this topic is important to you.
Why is Bitcoin Transaction statement Important?The Bitcoin transaction statement important simply because it is a legal piece of paper generated from the Bitcoin blockchain showing all inflow and outflow of funds.
How to generate a Bitcoin Transaction Statement?So here are a step-by-step guide to help you generate a Bitcoin transaction statement.
1. Firstly, you have to visit the site "blockchair.com", and then copy the Bitcoin wallet address which you intend to generate a Statement of account and paste it inside the box below, and click the arrow mark next to it
2. After that, you will be taken to the next page below, where you will be shown the Balanc, total amount of BTC received and total spent. Then what you will need to do is click on the "Wallet statement" as shown below.
3. After that, you will be taken to the next as shown below, whereby you will be required to select the reporting format of the statement as "PDF" while you select the period & timeframe of which you will like to generate your address statement from.
4. Then lastly, you will be asked to fill Captcha as shown below, to enable it generate a downloaded PDF copy of your statement.
5. Finally, after the download of your Bitcoin statement has finish, this is how it will look, of which you will be required to view it only with a pdf mobile app reader, as will be shown below.
EXAMPLE OF BITCOIN TRANSACTION STATEMENTCONCLUSIONSo in conclusion, I'm hereby convince that as lovers and people who uses Bitcoin for day to day transaction, this is one feature that it's a must we all need to know about it and how to use it in times of need, because though this year is making it my 4th year of effectively using Bitcoin for transaction, I must confess I never knew about this feature, not until last month (I.e December 2023), and as such I thought It will be wise if I share it among others who may not know that such feature like this exists.
Literally was just about to say "just take the transaction hash and screenshot it if you feel the need to" until you showed us a really good way for you to generate transaction receipts that are (I would assume) legally binding. But honestly this is exceptionally helpful especially for people who would like to take out loans and perhaps even buy using fiat but couldn't prove that they are earning or capable of paying because most of their finances are in the crypto world. I had a few moments where the bank wouldn't even honor my loan request cause they think I can't pay for my shit, all because I couldn't present them transaction receipts that are legally binding.
I assume that this is for a more formal and legal use, because I rarely see someone actually use this kind of Transaction Statement, I usually only use the TXID to proof that I have sent the money, and only if necessary signed a message to proof that I own the address. I wonder from other people point of view, which one has less chance to expose/spread our pseudonymity? Using TXID and Signed Message or Transaction Statement?
Yeah, this is helpful for people/projects that pay their employees in crypto, for people who would need to present a statement of account/transaction statements for loans and other financial hooblah, the likes. I can see this being more useful as we get more people onboard in the crypto craze, which will eventually render every company liable to pay their employees in crypto if they wish to, as well as marketplaces and brands that would need to present their buyers with a transaction receipt towards their purchases.
All of these will take some time to be really useful but it's better to be prepared than actually just implement something like this when the whole world's already asking for it.