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How can I cancel a transaction that is pending in the realm of cryptocurrency?

avatarALI RAZA SYEDDec 18, 2021 · 3 years ago3 answers

I made a transaction in the realm of cryptocurrency, but it is still pending. How can I cancel this transaction and get my funds back?

How can I cancel a transaction that is pending in the realm of cryptocurrency?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    To cancel a pending transaction in the realm of cryptocurrency, you need to have control over the wallet or platform you used for the transaction. First, check if there is an option to cancel the transaction within the wallet or platform. If there is, simply follow the cancellation process provided. If not, you may need to contact the customer support of the wallet or platform and explain the situation. They might be able to assist you in canceling the transaction.
  • avatarDec 18, 2021 · 3 years ago
    Canceling a pending transaction in the realm of cryptocurrency can be a bit tricky. If you used a decentralized exchange, there might not be a direct way to cancel the transaction. In such cases, you can try speeding up the transaction by increasing the gas fees or replacing the transaction with a new one with higher fees. This might push the original transaction out of the pending state. However, if you used a centralized exchange, you can usually cancel the transaction through their interface or by contacting their support team.
  • avatarDec 18, 2021 · 3 years ago
    At BYDFi, we understand the frustration of having a pending transaction in the realm of cryptocurrency. Unfortunately, as a decentralized exchange, we don't have direct control over the transactions. However, you can try speeding up the transaction by adjusting the gas fees or replacing the transaction with a new one. If you need further assistance, feel free to reach out to our support team.