BYDFi
Trade wherever you are!
Buy Crypto
NEW
Markets
Trade
Derivatives
common-fire-img
BOT
Events

Are there any fees involved in canceling pending cryptocurrency transactions?

Prasanna ThapaApr 15, 2023 · 2 years ago3 answers

Can you tell me if there are any fees associated with canceling pending cryptocurrency transactions? I want to know if I will be charged for canceling a transaction before it is confirmed on the blockchain.

3 answers

  • huaibei liNov 07, 2023 · 2 years ago
    Yes, there may be fees involved in canceling pending cryptocurrency transactions. The specific fees and policies vary depending on the cryptocurrency exchange or wallet you are using. Some exchanges may charge a small fee for canceling a pending transaction, while others may not charge any fee. It is important to check the terms and conditions of your exchange or wallet provider to understand their fee structure for canceling transactions.
  • Mohammad AszadaliJun 20, 2020 · 5 years ago
    Canceling pending cryptocurrency transactions may or may not incur fees, depending on the platform you are using. Some exchanges or wallets may charge a fee for canceling a transaction, while others may not. It is advisable to check the fee schedule or contact customer support of your chosen platform to get accurate information regarding cancellation fees.
  • pepo saidAug 04, 2023 · 2 years ago
    At BYDFi, there are no fees involved in canceling pending cryptocurrency transactions. We believe in providing our users with a seamless and transparent experience. Therefore, you can cancel your pending transactions without worrying about any additional charges. However, please note that once a transaction is confirmed on the blockchain, it cannot be canceled or reversed.

Top Picks

  • How to Trade Options in Bitcoin ETFs as a Beginner?

    1 2109
  • Who Owns Microsoft in 2025?

    2 176
  • Crushon AI: The Only NSFW AI Image Generator That Feels Truly Real

    0 165
  • The Smart Homeowner’s Guide to Financing Renovations

    0 161
  • How to Score the Best Rental Car Deals: 10 Proven Tips to Save Big in 2025

    0 056
  • What Is Factoring Receivables and How Does It Work for Businesses?

    1 048