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Is it possible to cancel a pending transaction in a bitcoin exchange?

avatarPratiyush Kumar SinghDec 26, 2021 · 3 years ago3 answers

I have a pending transaction in a bitcoin exchange and I want to know if it's possible to cancel it. Can I cancel a pending transaction in a bitcoin exchange? What are the steps involved in canceling a pending transaction?

Is it possible to cancel a pending transaction in a bitcoin exchange?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, it is possible to cancel a pending transaction in a bitcoin exchange. Most exchanges provide an option to cancel pending transactions. You can usually find this option in the transaction history or account settings. Simply locate the pending transaction and follow the cancellation process provided by the exchange. Keep in mind that there may be certain conditions or time limits for canceling a transaction, so it's important to act quickly if you want to cancel it.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! You can cancel a pending transaction in a bitcoin exchange. Just go to your transaction history, find the pending transaction, and click on the cancel button. It's as simple as that! However, you should note that some exchanges may charge a small fee for canceling a transaction, so make sure to check the exchange's fee policy before canceling.
  • avatarDec 26, 2021 · 3 years ago
    Yes, you can cancel a pending transaction in a bitcoin exchange. For example, at BYDFi, one of the popular exchanges, you can cancel a pending transaction by going to your account settings, selecting the transaction, and clicking on the cancel button. It's a straightforward process that allows you to have control over your transactions. Just make sure to check the specific instructions provided by your exchange to cancel a pending transaction.