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Can I cancel a transfer on GDAX?

avatarHarsh SoniNov 26, 2021 · 3 years ago3 answers

Is it possible to cancel a transfer on GDAX after it has been initiated? I accidentally sent the wrong amount to another wallet and I want to stop the transfer. Can I do that on GDAX?

Can I cancel a transfer on GDAX?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    Unfortunately, once a transfer has been initiated on GDAX, it cannot be cancelled. The blockchain network processes transactions automatically and GDAX has no control over it. It is important to double-check the recipient address and the amount before initiating a transfer to avoid any mistakes.
  • avatarNov 26, 2021 · 3 years ago
    No, you cannot cancel a transfer on GDAX once it has been initiated. The decentralized nature of blockchain technology makes it impossible for GDAX or any other exchange to reverse or cancel transactions. It is crucial to be careful when entering the recipient address and double-check the amount before confirming the transfer.
  • avatarNov 26, 2021 · 3 years ago
    As an expert from BYDFi, I can confirm that GDAX does not offer a cancellation feature for initiated transfers. Once a transfer is sent, it becomes part of the blockchain network and cannot be reversed. It is important to be cautious and verify all details before initiating a transfer on GDAX to avoid any irreversible mistakes.