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What are the steps to cancel a pending payment for a Bitcoin transaction?

avatarDolorisKent2Dec 26, 2021 · 3 years ago1 answers

I have made a Bitcoin transaction, but it is still pending. How can I cancel the payment and get my Bitcoin back?

What are the steps to cancel a pending payment for a Bitcoin transaction?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    To cancel a pending Bitcoin payment, you can also try to double-spend the transaction with a higher fee. This involves creating a new transaction with the same inputs and outputs, but with a higher fee. By doing so, miners are more likely to prioritize the new transaction over the pending one, effectively canceling the payment. However, this method requires technical knowledge and may not always be successful. It is recommended to seek guidance from experienced Bitcoin users or consult online forums for assistance.