What are the steps to cancel a pending payment for a Bitcoin transaction?

1 answers

• May 08, 2022 · 3 years ago
  To cancel a pending Bitcoin payment, you can also try to double-spend the transaction with a higher fee. This involves creating a new transaction with the same inputs and outputs, but with a higher fee. By doing so, miners are more likely to prioritize the new transaction over the pending one, effectively canceling the payment. However, this method requires technical knowledge and may not always be successful. It is recommended to seek guidance from experienced Bitcoin users or consult online forums for assistance.
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