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How to cancel a pending transaction in a cryptocurrency exchange?

avatarrushDec 16, 2021 · 3 years ago3 answers

I have a pending transaction in a cryptocurrency exchange and I want to cancel it. How can I do that? Is there a way to cancel a transaction after it has been initiated? I'm worried about the transaction getting confirmed and the funds being transferred. Can someone guide me on how to cancel a pending transaction in a cryptocurrency exchange?

How to cancel a pending transaction in a cryptocurrency exchange?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Sure, canceling a pending transaction in a cryptocurrency exchange is possible in most cases. However, it depends on the specific exchange you are using. Generally, you can find the 'Cancel' or 'Cancel Order' button in the transaction history or order book section of the exchange platform. Click on the button and confirm the cancellation to stop the transaction. Keep in mind that once a transaction is confirmed and added to the blockchain, it cannot be canceled. So, it's important to act quickly if you want to cancel a pending transaction.
  • avatarDec 16, 2021 · 3 years ago
    Canceling a pending transaction in a cryptocurrency exchange is quite straightforward. Just go to the transaction history or order book section of the exchange platform and look for the pending transaction you want to cancel. Once you find it, click on the 'Cancel' button next to the transaction details. Confirm the cancellation and the transaction will be canceled. However, if the transaction has already been confirmed and added to the blockchain, it cannot be canceled.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, canceling a pending transaction is a simple process. Just go to the transaction history section and find the pending transaction you want to cancel. Click on the 'Cancel' button next to the transaction details and confirm the cancellation. The transaction will be canceled and the funds will be returned to your account. However, please note that once a transaction is confirmed and added to the blockchain, it cannot be canceled.