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Are there any specific guidelines or instructions to cancel a transaction on Metamask for a cryptocurrency trade?

avatarCash HejlesenDec 18, 2021 · 3 years ago3 answers

I'm new to using Metamask for cryptocurrency trades and I want to know if there are any specific guidelines or instructions to cancel a transaction on Metamask. Can someone please provide me with detailed steps on how to cancel a transaction?

Are there any specific guidelines or instructions to cancel a transaction on Metamask for a cryptocurrency trade?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure, cancelling a transaction on Metamask is possible but it depends on the stage of the transaction. If the transaction is still pending, you can simply click on the transaction in the Metamask interface and select 'Cancel'. However, if the transaction has already been confirmed and included in a block, it cannot be cancelled. In that case, you can try to replace the transaction with a new one with a higher gas fee to speed up the process.
  • avatarDec 18, 2021 · 3 years ago
    To cancel a transaction on Metamask, you need to follow these steps: 1. Open the Metamask extension in your browser. 2. Go to the 'Activity' tab. 3. Find the transaction you want to cancel and click on it. 4. Click on the 'Cancel' button. Please note that if the transaction has already been confirmed, you won't be able to cancel it.
  • avatarDec 18, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can confirm that cancelling a transaction on Metamask is indeed possible. However, it's important to note that the cancellation process depends on the specific blockchain network and the status of the transaction. If you're using BYDFi, you can follow the instructions provided by their platform to cancel a transaction. For other networks, you can refer to the official documentation or seek assistance from their support team.