Is there a way to cancel a transaction if the transaction fee is too low?

[Kingstone]

In my wallet which i use, which is the luno Wallet if the money/Cryptocurrency is not enough for the whole process of transaction, it won't even allow the transaction in the Ffirstplace, it will only allow when the money is enough and you meet all requirements.

Exactly, the transaction will not even go anywhere unless I reduce the amount I want to transact. The fees are not that high but once it is sent, I don't think it can be reversed. Or I have not com across such a wallet before.

 

[Lens]

Some exchanges gives you the opportunity to cancel your transaction if you are not satisfied with the transaction fee. Some exchanges do not give such opportunity and in think bitpay does. Once you noticed an outrageous charges or too low transaction fee , you can cancel it.

 

[Josemendez]

Exactly, the transaction will not even go anywhere unless I reduce the amount I want to transact. The fees are not that high but once it is sent, I don't think it can be reversed. Or I have not com across such a wallet before.

Trustwallet gives opportunity for one to cancel a pending transaction .all you need is to use the bounce of the pending transaction and your own wallet address.

 

[BrolySSJ]

I think Tron wallet has these option as well. After you have decided on the amount of coin to send it shows you the transaction fee needed for that particular transaction

I actually prefer if the wallet allows you to calculate a transaction fee based on the priority of the transaction because if it does not give you any indication of the priority and the associated transaction fee then you could actually be shooting Yourself in the Foot when it comes to setting a very low transaction fee and hoping that it be confirmed.

 

[Bousine123]

That is not possible my Friend. Which makes it one of the disadvantages of paying with cryto. Nothing can be reversed or undone.

 

[kayode10]

I don't think so though there may be way out of this. this is the reason why it is very important to always check the confirmation pop-up before you finally send your assets to someone else.

 

[Josemendez]

I don't think so though there may be way out of this. this is the reason why it is very important to always check the confirmation pop-up before you finally send your assets to someone else.

You can cancel the transaction by inputting your own address in the senders address and inputting the nonce belonging to the pending address. For metamask wallet , there is a way to speed up the transaction

 

[Hena101]

I'm not sure of this because i have never experience it or cancel any transactions ones i did but from experience i don't think it is possible for such to be done.

 

[greenie]

I think yes there are some wallet that gives us opportunity to go canceled a transaction when you see the fee is too high or low. It makes one to determine either to continue with the transaction or not. For me I prefer such wallet allowing one to cancel what you do don't want to carry on with again. It shouldn't be straight away either you like it or not pls let note that there are some wallet that allow just like that to canceled some transaction

 

[Dagm1]

I don't believe you can cancel a transaction that is already in progress; however, I'm not sure because I've never had to cancel a transfer. But I know someone who does and he couldn't.. once you hit send, that's it.. you have to wait.

 

[Sotherefore]

I don't really have much idea about the wallets you are using. I know there are some wallet that transaction fee can be a adjusted but I never hads experience with those wallets before. You can check out more fact about the wallets on Google.

 

[Chibson]

I always don't do that because it will slow the speed of the transaction and that can actually be very annoying. Trust wallet also give you that option to change your transaction fees but I really do not do it.

 

[Honny143]

Well I'm not faced this type situation before, because as usually I selects medium fees transactions, its take little time but I can received my payments on time,
But I think maybe we have a option to cancel the transaction, if we take action before confirmed that transaction.

 

[Smiles20]

There is something called nonce. This means that you can be able to cancel a pending transaction by sending that exact transaction to yourself which is going to invalidate previous ones.

 

[greenie]

I think yes there are some wallet that gives us opportunity to go canceled a transaction when you see the fee is too high or low. It makes one to determine either to continue with the transaction or not. For me I prefer such wallet allowing one to cancel what you do don't want to carry on with again. It shouldn't be straight away either you like it or not pls let note that there are some wallet that allow just like that to canceled some transaction.