A few words to explain on-chain transfers:
While a transaction is still waiting to be included in a block in the mempool, some wallets offer a “cancel” feature. It works by broadcasting a replacement transaction with a higher fee, but it may not succeed.
The fact that transactions can’t be reversed is one consequence of decentralization: no central authority can alter the ledger, and no one can roll back a transaction for you.
Before sending funds to a new address for the first time, send a small test amount. Once you’ve confirmed the recipient has received it, send the rest. Paying one extra transaction fee is a small price for peace of mind.
$BTC 83070.08 (+0.21%)
#BTC
While a transaction is still waiting to be included in a block in the mempool, some wallets offer a “cancel” feature. It works by broadcasting a replacement transaction with a higher fee, but it may not succeed.
The fact that transactions can’t be reversed is one consequence of decentralization: no central authority can alter the ledger, and no one can roll back a transaction for you.
Before sending funds to a new address for the first time, send a small test amount. Once you’ve confirmed the recipient has received it, send the rest. Paying one extra transaction fee is a small price for peace of mind.
$BTC 83070.08 (+0.21%)
#BTC