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Is it possible to cancel a pending Ripple transaction?

avatarAlexander CuthbertsonDec 25, 2021 · 3 years ago3 answers

I have a pending Ripple transaction that I would like to cancel. Is it possible to cancel a pending Ripple transaction? If so, how can I do it?

Is it possible to cancel a pending Ripple transaction?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Yes, it is possible to cancel a pending Ripple transaction. To cancel a pending transaction, you will need to have the transaction ID and contact the Ripple support team. They will be able to assist you in canceling the transaction and returning the funds to your account. Keep in mind that canceling a transaction may not always be possible, especially if the transaction has already been confirmed on the Ripple network.
  • avatarDec 25, 2021 · 3 years ago
    Unfortunately, once a Ripple transaction is submitted to the network, it cannot be directly canceled. However, if the transaction is still pending and has not been confirmed, there might be a chance to replace it with a new transaction with a higher transaction fee. This can help expedite the confirmation process and potentially override the pending transaction. It is recommended to contact your wallet provider or exchange for further assistance on how to replace a pending transaction.
  • avatarDec 25, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that canceling a pending Ripple transaction is indeed possible. However, the process may vary depending on the platform or wallet you are using. It is recommended to reach out to the customer support of the platform or wallet provider you used to initiate the transaction. They will guide you through the necessary steps to cancel the pending transaction and provide any additional information you may need.