How can i cancel my pending withdrawal BTC of $1,240. Its been pending for 2 days. it has no confirmations and on the blockchain it says it receives 0 and sent 0. Someone PLEASE help me!
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1Are you withdrawing from a custodial service? If so, this is a customer service concern and you'll need to contact the service to ask for their help. If you are withdrawing from a non-custodial wallet and you have already broadcast the transaction to other nodes on the network, then there is ~no way to cancel it.– chytrikMay 13, 2021 at 19:36
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1 Answer
You can not cancel the transaction, but what you can do is to spend that same UTXO to a different address of yourselves (effectively a double-spend).
The reason it has no confirmations is likely that the fee is not sufficient for miners to prioritise your transaction in their mempool. As long as it has no confirmations, you can still double-spend to an address of your choosing.
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You 're'-spend the same, unconfirmed UTXO to an address of yourself. At this time, if you set a fee of 110 sats/byte (bitcoinfees.earn.com), then your transaction will be confirmed in the next block. May 13, 2021 at 23:32