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How can you cancel a pending transaction in a cryptocurrency exchange?

avatarRabeh RabehiDec 29, 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 specific process or steps I need to follow?

How can you cancel a pending transaction in a cryptocurrency exchange?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    To cancel a pending transaction in a cryptocurrency exchange, you typically need to go to the 'My Orders' or 'Transaction History' section of the exchange platform. From there, you should be able to locate the pending transaction and find an option to cancel it. The specific steps may vary depending on the exchange platform you are using, but generally, you would select the pending transaction and choose the 'cancel' or 'cancel order' option. It's important to note that not all exchanges allow cancellation of pending transactions, especially if the transaction has already been broadcasted to the blockchain. In such cases, you may need to contact customer support for further assistance.
  • avatarDec 29, 2021 · 3 years ago
    Canceling a pending transaction in a cryptocurrency exchange can be done by following these steps: 1. Log in to your account on the exchange platform. 2. Navigate to the 'My Orders' or 'Transaction History' section. 3. Find the pending transaction you want to cancel. 4. Look for an option to cancel the transaction, which is usually labeled as 'cancel' or 'cancel order'. 5. Click on the cancel option and confirm the cancellation if prompted. It's important to note that not all exchanges allow cancellation of pending transactions, especially if the transaction has already been confirmed on the blockchain. If you're unable to find the cancel option or encounter any issues, it's recommended to reach out to the exchange's customer support for assistance.
  • avatarDec 29, 2021 · 3 years ago
    Canceling a pending transaction in a cryptocurrency exchange depends on the exchange platform you are using. In the case of BYDFi, you can cancel a pending transaction by following these steps: 1. Log in to your BYDFi account. 2. Go to the 'My Orders' section. 3. Locate the pending transaction you want to cancel. 4. Click on the 'cancel' button next to the transaction. 5. Confirm the cancellation if prompted. Remember that the ability to cancel a pending transaction may vary across different exchanges. If you're using a different exchange, refer to their documentation or reach out to their customer support for specific instructions.