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Author: Admin | 2025-04-28
SummaryYou can speed up or cancel pending Bitcoin transactions in the Bitcoin.com Wallet app. To do so, simply tap on the transaction and follow the instructions.Table of Contents 1. Speed Up 2. Cancel 3. WaitHow do I speed up or cancel a pending Bitcoin transaction?And that’s it!💡When you speed up or cancel a transaction, what you are actually doing is replacing your original transaction with a new transaction that has a higher fee attached to it. Bitcoin miners will likely add this new transaction to the next block, and your original Bitcoin transaction will no longer be pending. Learn more about how Bitcoin transactions work in our Learning Center.What happens to the replacement transaction if the original transaction confirms first?Even after initiating a "Speed Up" or "Cancel" request, there is a possibility that your original transaction is confirmed instead of the replacement. This happens because Bitcoin miners may include the original transaction in a block before processing the replacement request.If the original transaction gets confirmed first, the replacement transaction will automatically be invalidated, and any additional funds allocated for the replacement's fee will be returned to your wallet.Options for Managing a Pending Bitcoin TransactionWhen a Bitcoin transaction is pending, you have three options: 1) speed it up, 2) cancel it, 3) wait.Steps to Speed Up a Transaction:And that’s it! The Bitcoin.com Wallet app will attempt to broadcast the replacement transaction with the higher fee, effectively speeding up your transaction.2. CancelSteps to Cancel a Transaction:And that’s it! The wallet will attempt to broadcast the replacement transaction with the higher fee, effectively cancelling your original transaction.3. WaitIf you are ok with waiting, your pending transaction will eventually be either confirmed by miners (ie. your transaction will go through successfully) or dropped from the mempool. If your transaction is dropped from the mempool, it effectively means that your transaction has been cancelled and your funds have been returned to your wallet. In most cases, a transaction will remain pending for as long as 72 hours before it is either confirmed or dropped from the mempool. If your transaction remains pending for longer than 72 hours, you may need to initiate a speed up or cancel request as described above.What transactions are eligible to be cancelled or sped up?Only outgoing transactions initiated by you (ie. sends and “moves”) are eligible to be sped up. You cannot speed up a transaction that is sent to you by someone else.What if I don’t have enough Bitcoin in my wallet to cover the cost of speeding up or cancelling a transaction?In this case, you will still see the "Speed Up" or "Cancel" options, but an error message will appear stating, "You do not have enough funds to
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