How does cancelling a transaction on a cryptocurrency exchange affect the transaction fees?

3 answers

• Janus LimSep 11, 2021 · 4 years ago
  When you cancel a transaction on a cryptocurrency exchange, the impact on transaction fees depends on the exchange's policy. Some exchanges may refund the fees if the cancellation is done within a certain timeframe, while others may not offer any refund. It's important to check the exchange's terms and conditions or contact their customer support for specific details regarding fee refunds for cancelled transactions.
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• Luther OMahonyJul 26, 2023 · 2 years ago
  Cancelling a transaction on a cryptocurrency exchange can have different effects on transaction fees. In some cases, the exchange may refund the fees fully or partially, especially if the cancellation is due to an issue on their end. However, if the cancellation is initiated by the user, the fees may not be refunded. It's recommended to review the exchange's fee policy and cancellation terms before initiating any transactions to understand the potential impact on fees.
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• McCarthy EhlersMar 05, 2023 · 2 years ago
  At BYDFi, when you cancel a transaction on our cryptocurrency exchange, the transaction fees are not refunded. This is in line with our fee policy, which states that fees are non-refundable once a transaction is initiated. We encourage users to double-check their transactions before confirming to avoid unnecessary fees and cancellations. If you have any further questions regarding our fee policy, please don't hesitate to reach out to our customer support team.
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