Why is my bitcoin transaction being declined?

1 answers

• May 30, 2022 · 3 years ago
  At BYDFi, we understand that having your bitcoin transaction declined can be frustrating. There are a few possible reasons for this. One common reason is that the transaction fee you set was too low. Bitcoin transactions with low fees may take longer to confirm or may not be confirmed at all. Another possibility is that the recipient's wallet or exchange has specific requirements or restrictions for incoming transactions. It's also worth noting that the bitcoin network itself can sometimes experience congestion, leading to delays or rejections of transactions. If you're experiencing issues with your bitcoin transaction, we recommend reaching out to the customer support of your wallet provider or exchange for assistance. They will be able to provide you with more specific information and help resolve the issue.
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