Is it possible to cancel a pending deposit and withdraw the funds in a crypto exchange?

3 answers

• Mangesh GawaliJan 21, 2022 · 4 years ago
  Unfortunately, once a deposit is pending on a crypto exchange, it is usually not possible to cancel it. The pending status means that the transaction is being processed and confirmed on the blockchain. Once the transaction is confirmed, the funds will be credited to your account. If you no longer want to proceed with the deposit, you can wait for it to be confirmed and then withdraw the funds back to your wallet. Keep in mind that there may be transaction fees involved in the withdrawal process.
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• Nganji PacifiqueJan 16, 2025 · 7 months ago
  Nope, you can't cancel a pending deposit on a crypto exchange. Once you hit that 'submit' button, it's out of your hands. The exchange will process the transaction and credit the funds to your account once it's confirmed on the blockchain. If you change your mind, you'll have to wait for the deposit to be confirmed and then withdraw the funds back to your wallet. Just be patient and keep an eye on your account balance!
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• Kiran TamangDec 06, 2021 · 4 years ago
  As a representative of BYDFi, I can confirm that it is not possible to cancel a pending deposit on our exchange. Once the deposit is initiated, it will go through the necessary confirmation process on the blockchain. Once confirmed, the funds will be credited to your account. If you wish to withdraw the funds, you can do so after the deposit is confirmed. Please note that transaction fees may apply. If you have any further questions, feel free to reach out to our customer support team.
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