Is it possible to cancel an ETH withdrawal after it has been initiated?

3 answers

• Nov 28, 2021 · 3 years ago
  Unfortunately, once an ETH withdrawal has been initiated, it cannot be cancelled. The blockchain network processes transactions in a decentralized manner, and once a transaction is initiated, it cannot be reversed. It is important to double-check all withdrawal details before confirming the transaction to avoid any mistakes or regrets.
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• Nov 28, 2021 · 3 years ago
  Nope, sorry! Once you hit that withdrawal button, it's like sending your ETH on a one-way ticket. The blockchain doesn't have a 'cancel' button, so you'll have to be extra careful when initiating withdrawals. Make sure you double-check the recipient address and the amount before confirming the withdrawal.
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• Nov 28, 2021 · 3 years ago
  As an expert from BYDFi, I can confirm that once an ETH withdrawal has been initiated, it cannot be cancelled. The blockchain operates on a trustless and immutable system, which means that once a transaction is initiated, it cannot be reversed. It's always a good practice to review withdrawal details before confirming the transaction to avoid any issues.
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