Is it possible to cancel an unconfirmed BTC transaction?
eduardo pennaDec 25, 2021 · 3 years ago3 answers
I have made a Bitcoin transaction but it is still unconfirmed. Can I cancel it? What are the options available to cancel an unconfirmed BTC transaction?
3 answers
- Dec 25, 2021 · 3 years agoUnfortunately, once a Bitcoin transaction is broadcasted to the network, it cannot be canceled. Bitcoin transactions are irreversible by design. It is important to double-check all the transaction details before confirming it to avoid any mistakes.
- Dec 25, 2021 · 3 years agoNo, you cannot cancel an unconfirmed BTC transaction. Once the transaction is sent to the network, it will be included in the mempool and miners will attempt to confirm it. If the transaction fee is too low or there is a high congestion in the network, it may take longer for the transaction to be confirmed. However, it will eventually either get confirmed or dropped from the mempool after a certain period of time.
- Dec 25, 2021 · 3 years agoAs of now, BYDFi does not support transaction cancellation for unconfirmed BTC transactions. Once a transaction is broadcasted, it is up to the miners to include it in a block and confirm it. If the transaction fee is too low, it may take longer for the confirmation. However, BYDFi provides a user-friendly interface to track the status of your transactions and monitor the confirmation progress.
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