Navigation
How to cancel bitcoin transaction?
Any ideas is there is a way to cancel/revert Bitcoin transaction?
Answers
Hungry for knowledge?
New guides and courses each week
Looking to invest?
Market data, analysis, and reports
Just curious?
A community of blockchain experts to help
Get started today
Already have an account? Sign In
Abraham Akinnire @abraham-akinnire
Abraham Akinnire @abraham-akinnire
No way, if sent it can not be cancelled
https://twitter.com/SashaBaksht @sashabakcht
https://twitter.com/SashaBaksht @sashabakcht
What about If a user sends it from exchange, Abraham Akinnire ?
William Bekolo @william-bekolo
William Bekolo @william-bekolo
Hi Sasha, as each bitcoin\ethereum transaction confirmed by the network is irreversible, even from the exchange platforms; if you know the receiver, he\she may do another action to send them back to you, as each transaction is charged with Gas fees. Otherwise, you’d better beg the receiver to send it back to you, you might be fortunate who knows.
Ajayi Oluwaseun @ajayi-oluwaseun
Ajayi Oluwaseun @ajayi-oluwaseun
Only a traceable transaction can be canceled…
Ajayi Oluwaseun @ajayi-oluwaseun
Ajayi Oluwaseun @ajayi-oluwaseun
It has never been recorded so far that a Bitcoin transaction was traced to the destination.. Bitcoin transaction can’t be cancled
Steven Greeran @steven-greeran
Steven Greeran @steven-greeran
You don’t.
Saarah Rasheed @saarah95gmail-com
Saarah Rasheed @saarah95gmail-com
For an unconfirmed transaction, there’s a work-around called Replace by Fee. Unconfirmed transactions with a very low tx fee get stuck in the mempool and can be re-sent to the network with a higher fees (but this only works in case your tx fees is so low that it doesn’t get picked up by miners). Some wallets support this functionality though, not all.
For confirmed transactions, an Israeli startup has figured out a way to do that:
https://kirobo.io/
For transactions sent on an exchange, if you’re dealing with low volume pairs, then you probably can cancel the tx a few minutes after its made because your order won’t get filled fast enough due to lack of buyers/sellers.
Naruby Riverlione @naruby-riverlione
Naruby Riverlione @naruby-riverlione
It seams to me that https://kirobo.io/ is there to prevent mistakes not correct them.
Be able to reversing a conformed transaction would make a blockchain mutable.
Elvis Ezekiel @elvis-ezekiel
Elvis Ezekiel @elvis-ezekiel
Bitcoin transaction can not be canceled once the transaction is set out, it becomes too late to make any adjustment. its best to always be sure of what you want before making any transaction