Are there any fees associated with cancelling a transaction in the cryptocurrency market?

3 answers

• May 06, 2022 · 3 years ago
  Yes, there may be fees associated with cancelling a transaction in the cryptocurrency market. Different exchanges have different policies regarding transaction cancellation fees. Some exchanges may charge a small fee for cancelling a transaction, while others may not charge any fees at all. It is important to check the terms and conditions of the specific exchange you are using to understand their fee structure for cancelling transactions.
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• May 06, 2022 · 3 years ago
  In most cases, cancelling a transaction in the cryptocurrency market does not incur any fees. However, it is always recommended to review the terms and conditions of the exchange you are using to confirm if there are any fees associated with cancelling transactions. It is also worth noting that if the transaction has already been confirmed and included in a block, it cannot be cancelled and the fees associated with the transaction will still apply.
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• May 06, 2022 · 3 years ago
  At BYDFi, there are no fees associated with cancelling a transaction. We understand that circumstances may change and users may need to cancel their transactions. Therefore, we do not charge any fees for cancelling transactions on our platform. However, it is important to note that once a transaction is confirmed and included in a block, it cannot be cancelled and the associated fees will still apply.
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