Is it possible to cancel a pending cryptocurrency withdrawal?

3 answers

• May 08, 2022 · 3 years ago
  Unfortunately, once a cryptocurrency withdrawal is initiated and is in a pending state, it is usually not possible to cancel it. Cryptocurrency transactions are designed to be irreversible, which means that once the transaction is broadcasted to the network, it cannot be undone. This is one of the key features of cryptocurrencies that ensures the security and immutability of transactions.
  391

  196
• May 08, 2022 · 3 years ago
  Nope, sorry! Once you've hit that withdrawal button, it's like sending your crypto on a one-way trip. The transaction gets broadcasted to the network, and there's no way to take it back. It's important to double-check all the details before confirming a withdrawal to avoid any regrets.
  286

  96
• May 08, 2022 · 3 years ago
  While it is generally not possible to cancel a pending cryptocurrency withdrawal, some exchanges may offer a feature that allows users to cancel their withdrawals within a certain time frame. For example, at BYDFi, we have a withdrawal cancellation feature that allows users to cancel their pending withdrawals if they change their mind. However, please note that this feature is only available for a limited time and may not be offered by all exchanges.
  454

  114