Bank transfers can be reversed—so why can't on-chain transfers?
While a transaction is still queued in the transaction pool, some wallets offer a “Cancel” button. It works by broadcasting a replacement transaction with a higher fee, but it may not succeed.
Key takeaway: Anyone claiming they can reverse an on-chain transfer for you and asking you to pay upfront is almost certainly a scammer.
Here's a real-time price: $BTC is quoted at 80733.51, up 4.78% over 24h.
Understand how it works before taking action. Don't make decisions based on gut feelings.
#BTC
While a transaction is still queued in the transaction pool, some wallets offer a “Cancel” button. It works by broadcasting a replacement transaction with a higher fee, but it may not succeed.
Key takeaway: Anyone claiming they can reverse an on-chain transfer for you and asking you to pay upfront is almost certainly a scammer.
Here's a real-time price: $BTC is quoted at 80733.51, up 4.78% over 24h.
Understand how it works before taking action. Don't make decisions based on gut feelings.
#BTC
