Before you make a transaction , always do well to check the average fee rate at that period of time. You. Can make use of MEMPOOL space .
Canceling the transaction simply means you will be spending more on fees since you will have to increase the fees and bump the transaction back to your wallet. Instead you can just bump the fee if you enabled RBF to the exchange address.
Topic: Unconfirmed transaction - page 2. (Read 209 times)
First question is were you able to broadcast this transaction because I doubt it, the amount is so small that it can only cover for the transaction fees. The fees is around 6-4sats/vbyte now and that’s almost equivalent to what you are sending so that means you are sending dusts. Or probably sets the fees way to low. I have doubt the transaction was even broadcasted.
1) How do I cancel the transaction, get back those bitcoins back to resend?
2) Also, how do you determine the resend fees? Do I look at how much the rate is from websites that show the average transaction fees at that time?
1. Ideally you can’t cancel a Bitcoin transaction but can only do a RBF back to the wallet again(although some wallets puts the icon as cancel) and this requires you to have extra coins on the wallet again to cover for the fees which is higher than the initial fee of the transaction. So without extra bitcoins for fees you just leave the transaction until it is dropped.
2. Yes you can see the fee estimation on the wallet you’re using, but the ideal thing is to check explorers for the fee estimation and to get the actual fee needed as some wallet either under estimates fees or over estimates fees
1) How do I cancel the transaction, get back those bitcoins back to resend?
2) Also, how do you determine the resend fees? Do I look at how much the rate is from websites that show the average transaction fees at that time?
1. Ideally you can’t cancel a Bitcoin transaction but can only do a RBF back to the wallet again(although some wallets puts the icon as cancel) and this requires you to have extra coins on the wallet again to cover for the fees which is higher than the initial fee of the transaction. So without extra bitcoins for fees you just leave the transaction until it is dropped.
2. Yes you can see the fee estimation on the wallet you’re using, but the ideal thing is to check explorers for the fee estimation and to get the actual fee needed as some wallet either under estimates fees or over estimates fees
I have this 0.00156701 bitcoin from a long time ago - probably doing the clicking to earn bitcoin kind of thing. Recently tried to send it to Binance using Bitcoin Core. Really unsure how much fees I need to put to transfer; but, it looks like the transactions is unconfirmed due to low fees.
1) How do I cancel the transaction, get back those bitcoins back to resend?
2) Also, how do you determine the resend fees? Do I look at how much the rate is from websites that show the average transaction fees at that time?
Thank you
1) How do I cancel the transaction, get back those bitcoins back to resend?
2) Also, how do you determine the resend fees? Do I look at how much the rate is from websites that show the average transaction fees at that time?
Thank you
Jump to: