Learning Notes | On-Chain Transfers
① When you withdraw from an exchange, once the withdrawal request has been broadcast to the blockchain, the exchange can’t reverse it. It can only be canceled before broadcast.
② While a transaction is still waiting in the mempool to be included in a block, some wallets offer a “Cancel” function. It works by sending a replacement transaction with a higher fee, but it may not succeed.
③ Before withdrawing, make sure the recipient can receive funds on the network you select. If the networks don’t match, your funds may be unrecoverable.
$BTC 80572（-0.018%）
① When you withdraw from an exchange, once the withdrawal request has been broadcast to the blockchain, the exchange can’t reverse it. It can only be canceled before broadcast.
② While a transaction is still waiting in the mempool to be included in a block, some wallets offer a “Cancel” function. It works by sending a replacement transaction with a higher fee, but it may not succeed.
③ Before withdrawing, make sure the recipient can receive funds on the network you select. If the networks don’t match, your funds may be unrecoverable.
$BTC 80572（-0.018%）
