Is there a way to cancel an unconfirmed transaction in electrum?

3 answers

• Nov 25, 2021 · 3 years ago
  Unfortunately, once a transaction is broadcasted to the network, it cannot be canceled. However, you can try to replace the unconfirmed transaction with a new one with a higher fee. This might incentivize miners to include your new transaction in the next block, effectively canceling the previous one. Keep in mind that this method is not guaranteed to work and depends on the network congestion and miner behavior.
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• Nov 25, 2021 · 3 years ago
  No, you cannot cancel an unconfirmed transaction in Electrum. Once the transaction is broadcasted, it becomes part of the blockchain network and cannot be reversed. It's important to double-check all the transaction details before confirming it to avoid any issues.
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• Nov 25, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a feature called 'Replace-by-Fee' (RBF) that allows users to cancel unconfirmed transactions. With RBF, you can increase the transaction fee and replace the unconfirmed transaction with a new one. However, not all wallets support RBF, so make sure to check if Electrum has this feature before attempting to cancel the transaction.
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