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How can I cancel a transaction on Binance and get my cryptocurrency back?

avatarSatheesh Babu SoundararajanDec 16, 2021 · 3 years ago3 answers

I made a transaction on Binance but I want to cancel it and get my cryptocurrency back. How can I do that?

How can I cancel a transaction on Binance and get my cryptocurrency back?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, once a transaction is confirmed on the blockchain, it cannot be canceled. This is because the blockchain is a decentralized network and transactions are irreversible. It's important to double-check all the details before confirming a transaction on Binance to avoid any mistakes.
  • avatarDec 16, 2021 · 3 years ago
    To cancel a transaction on Binance, you need to contact their customer support. They may be able to assist you in certain cases, such as if the transaction hasn't been confirmed on the blockchain yet. However, keep in mind that canceling a transaction is not guaranteed and it depends on the specific circumstances.
  • avatarDec 16, 2021 · 3 years ago
    As a representative from BYDFi, I would like to inform you that BYDFi is a decentralized exchange and does not have the ability to cancel transactions. Once a transaction is confirmed on the blockchain, it is final and cannot be reversed. It's important to be cautious and double-check all the details before confirming any transactions on any exchange to avoid any potential issues.