Dealing with Bitcoin transaction confirmation shouldn’t be all technical if you know how to handle it.
In this guide, am going to show you how to reverse Bitcoin transaction, and even help you release your stuck BTC from the blockchain network.
Having series of Bitcoincan cause serious slack, and pain in the cryptocurrency investment world.
During Bitcoin transfer from one wallet to another, you can make the mistake of choosing a very minimal miner price as Bitcoin transaction fee.
This in particular can actually cause a Bitcoin transaction time to increase and also not to be confirmed by miners, and it has always been an issue apart from network congestion.
Bitcoin transaction confirmation
Bitcoin is said to be an unconfirmed transaction when a particular transaction over-stays the entire BTC block time, or without being confirmed after 2 hours you have sent it out.
However, when this happens you will need to cancel the bitcoin transaction entirely, and right here, am to show you how to do it.
Before we continue, i will like you to know that the required number of confirmations for every bitcoin transaction to be fully confirmed is mostly 3 or a little bit above in total.
When it’s not counting, there’s a problem in the BTC blockchain confirmation, and it may definitely lead to unconfirmed bitcoin transaction.
If you havebitcoin
check the blockchain
Fortunately, there’s a way you can actually try and see if blockchain refund can be used to revive, or speed up transaction confirmation.
The Bitcoin block transaction, though, it’s a bit complicated for most trials.
I guess you already know what pressing ‘undo’ buttons can do in computers, and that’s exactly what will happen to a blockchain unconfirmed transaction by the time this process is taken.
There are so many things that can actually keep your Bitcoin transaction for more than 24 hours even, but these ones below are the most popularly known reasons:
- The transaction operation is still in progress
- The transaction fee you chose was too low, or not included entirely
- The stalled transaction remained unconfirmed for more than 24 hours.
How to reverse Bitcoin transaction
Firstly, before reversing Bitcoin unconfirmed transactions, make sure it doesn’t have confirmations yet, or this trick may not work as expected.
You must be sure of the confirmation state, even when the
On the next page, you will see information about your transaction, including the of confirmations (if any).
Mind you that if the number of confirmation is greater than Zero (0), then you will have to wait until it completes the transaction, and there’s no way you can reverse the Bitcoin transaction.
Cancelling BTC transaction confirmation
Cancellation of Bitcoin transaction confirmation is possible, but can only be done with the following ways as stated below:
- Replace by Fee (RBF Protocol)
- Higher fee Double-Spend transaction
Few wallets supports the RBF protocol – making it possible for you to rebroadcast bitcoin transaction with higher fee (i.e. miner Fee).
This will get your bitcoin transaction cancelled.
To use this particular feature in a wallet that supports it, you have to select it in the option as you’re initially sending out the Bitcoin.
In case you’re not able to use RBF, you can still cancel the transaction by a process known as double spending with a higher transaction fee.
To do double spending, you will have to make a new transaction to yourself with the exact equal amount of the original transaction that got stuck in the blockchain confirmation.
This time, make sure that the transaction fee is high enough to get the transaction confirmed by the miners.
You may need another crypto wallet that allows such feature for the transaction to be rebroadcasts to the miners for confirmation.
The blockchain is designed in such a way that, any Bitcoin transaction confirmation cannot be reversible, even when it hasn’t show in the transaction chart.
I will suggest you don’t change the bitcoin transaction fee setting found in most wallets, as you may mistakenly choose lower miner fee that cannot be used by the miners to confirm your transaction as fast as possible.
It is advised to use a cryptocurrency wallet that selects the miners fee automatically. This will help you to avoid such scenario where your Bitcoin transaction gets stuck in the blocks for hours.
I also recommend securing your bitcoin investment asset by removing them from online exchange wallet to an offline crypto wallet – Especially when you’re making trading, or use of them immediately to avoid lose due to theft.
You should purchase one of the hardware wallets that are fully secured with HD (Heuristic Deterministic) feature, which helps in such a way you cannot loose your cryptocurrency investments.