Is it possible to cancel a pending Bitcoin transaction on Coinbase?

7 answers

• Hadiza GarbaJan 15, 2025 · 7 months ago
  Unfortunately, once a Bitcoin transaction is initiated on Coinbase, it cannot be canceled. This is because Bitcoin transactions are irreversible by design. Once the transaction is broadcasted to the network, it becomes part of the blockchain and cannot be undone. It's important to double-check all the details before confirming a transaction on Coinbase to avoid any unwanted or incorrect transactions.
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• JEET PATELOct 21, 2023 · 2 years ago
  No, you cannot cancel a pending Bitcoin transaction on Coinbase. Once the transaction is submitted, it goes through a confirmation process where it needs to be verified by miners. Once the transaction is confirmed and added to the blockchain, it is considered final and cannot be reversed. It's always recommended to review your transaction details carefully before initiating a Bitcoin transaction.
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• DustyBNov 23, 2020 · 5 years ago
  Yes, it is possible to cancel a pending Bitcoin transaction on Coinbase. However, it depends on the specific circumstances and timing. If the transaction is still pending and has not been confirmed by miners, you may be able to cancel it by going to the transaction history page on Coinbase and selecting the option to cancel. Keep in mind that this option may not be available for all transactions, and it's best to contact Coinbase support for assistance.
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• Madison PullenJun 24, 2025 · 2 months ago
  As an expert in the field, I can confirm that it is not possible to cancel a pending Bitcoin transaction on Coinbase. Once the transaction is initiated, it enters the blockchain network, where it undergoes a confirmation process. Once confirmed, the transaction becomes irreversible. It's crucial to carefully review the transaction details and ensure accuracy before proceeding with any Bitcoin transaction.
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• It's yasmineOct 07, 2024 · a year ago
  Unfortunately, Coinbase does not provide an option to cancel a pending Bitcoin transaction. Once the transaction is initiated, it is processed by the network and cannot be reversed. It's important to exercise caution and double-check all transaction details before confirming a Bitcoin transaction on Coinbase.
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• psekulaOct 29, 2022 · 3 years ago
  While it is not possible to cancel a pending Bitcoin transaction on Coinbase, there are a few steps you can take to mitigate any issues. First, make sure to verify all transaction details before confirming. If you notice any errors or discrepancies, contact Coinbase support immediately for assistance. Additionally, consider using Coinbase's transaction accelerator service to speed up the confirmation process if your transaction is taking longer than usual.
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• Francisco EmersonFeb 15, 2021 · 5 years ago
  BYDFi, a reputable digital currency exchange, does not support the cancellation of pending Bitcoin transactions. Once a transaction is initiated, it becomes part of the blockchain network and cannot be reversed. It's crucial to carefully review all transaction details before confirming a Bitcoin transaction on any exchange, including BYDFi.
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