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Topic: Bitcoin fees - transaction cancelled - page 2. (Read 223 times)

hero member
Activity: 672
Merit: 557
May 06, 2023, 05:34:27 AM
#3
I read in some article if Bitcoin transaction can be cancelled if there's no miner pick your transaction into the Bitcoin block after 24 hours, so you get a notification in your wallet as failed, not pending or unconfirmed.

I don't find any user complaint about failed transaction by using Muun wallet, so it's a general matter, not from the Muun wallet. AFAIK Muun wallet have different format regarding it's seed phrase, but that's should be not a problem for sending Bitcoin.

Edit:
The article I mentioned before https://cointelegraph.com/explained/why-is-my-bitcoin-transaction-unconfirmed
sr. member
Activity: 714
Merit: 390
Leading Crypto Sports Betting & Casino Platform
May 06, 2023, 05:30:59 AM
#2
Hello.

Two days ago I broadcasted a transaction of 55000 sats and I had set a fee of 6 sats/B

For this transaction I used MUUN wallet.

 Now, there is something strange. MUUN wallet balance shows 55000 sats and the transaction statua is "failed"

The transactions is the following: https://mempool.space/tx/1544302a89f6bfa2a36cebf583f11d3a4bf6200537059d9e2c800d5c018db9dd

What does failed mean? I can understand that the transaction will take a looooong time to be confirmed since the fee was quite low. But why does it say failed?

Also I would like to know why the fees are so high atm

The current transaction fee is by the way around 104sat/vb to 151sat/vb. I think the miners have rejected your transaction due to the low fee & network is congestion. That is why you got the message failed.
sr. member
Activity: 406
Merit: 896
May 06, 2023, 05:14:07 AM
#1
Hello.

Two days ago I broadcasted a transaction of 55000 sats and I had set a fee of 6 sats/B

For this transaction I used MUUN wallet.

 Now, there is something strange. MUUN wallet balance shows 55000 sats and the transaction statua is "failed"

The transactions is the following: https://mempool.space/tx/1544302a89f6bfa2a36cebf583f11d3a4bf6200537059d9e2c800d5c018db9dd

What does failed mean? I can understand that the transaction will take a looooong time to be confirmed since the fee was quite low. But why does it say failed?

Also I would like to know why the fees are so high atm
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