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Is that the fee to cancel it?
i was wondering the proper way to cancel an unconfirmed transaction bc i was in a panic and not really sure how i completed this
The name "cancel transaction" is just a newbie-friendly way of labeling the actual process.i was wondering the proper way to cancel an unconfirmed transaction bc i was in a panic and not really sure how i completed this
It's actually utilizing "double-spend" as indicated in the close and open brackets after the name: "Cancel (double-spend)".
Basically, it has to create another transaction that will send the funds back to one of your own wallet's address.
That's because it's really impossible to remove an already broadcast transaction from each Bitcoin node's mempool, you have to create a new transaction that will spend the same input(s) of the original unconfirmed transaction.
Since it's just another transaction, it also has a fee.
Thank you so much!!!!
So i did do it right, i just did not even know it. Ill check y settings and all
Thanks so much for this!!
