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Author Topic: I have a stuck transaction in BTC, what should I do?  (Read 67 times)
tenakha (OP)
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January 07, 2021, 10:28:00 PM
 #1

This is the transaction:

https://www.blockchain.com/btc/tx/ce347a3fce4c3ec3f7e80a86d48454ecd04b24c9f8f32eff7881179be8480dc9

Someone has tried to send me: 0.00025841 BTC
and the fee they used was: 0.00011074 BTC

At the current network activity it just isn't moving - the fee is about £3.50 and the amount sent is $14.00

I've already tried using the BTC accelerators to no avail. They are a BTC newbie and didn't know about the fee implications. The paid for accelerators are asking for $60 (or more) to move this transaction.

What else can I do to get this transaction moving? What are my options?

Many thanks!
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Rath_
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January 07, 2021, 10:34:23 PM
 #2

What else can I do to get this transaction moving? What are my options?

You can use Child Pays For Parent (CPFP). If your wallet allows you to spend unconfirmed coins then you can send the coins from this transaction to yourself with a much higher fee than the stucked transaction. This will encourage miners to confirm both transactions. What wallet do you use? We might be able to provide you step-by-step instructions.

tenakha (OP)
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January 07, 2021, 10:37:38 PM
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You can use Child Pays For Payment (CPFP). If your wallet allows you to spend unconfirmed coins then you can send the coins from this transaction to yourself with a much higher fee than the stuck transaction. This will encourage miners to confirm both transactions. What wallet do you use? We might be able to provide you step-by-step instructions.

Hi there Rath, I use a Trezor Hardware wallet. I'm not sure if they implement CPFP.
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January 07, 2021, 10:41:20 PM
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Hi there Rath, I use a Trezor Hardware wallet. I'm not sure if they implement CPFP.

Unfortunately, the Trezor web interface is quite limited. You will need to use Electrum instead. Here you can learn how to use Electrum with your Trezor without having to expose your seed (if you are using Windows or OSX, download Electrum directly from their website). Once you open your wallet in Electrum, you should see "Child pays for parent" option once your right-click on the unconfirmed transaction in the "History" tab.

I think this can be a typo error. Which supposed to be Child Pay For Parent.

Yeah, it is a typo. Thanks for pointing it out!

Also, I think the best option to still recommend should be replace by fee (RBF), although I think which the OP said the fee for accelarating the transaction is too high.

RBF can be used only by the sender.

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January 07, 2021, 10:53:02 PM
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RBF can be used only by the sender.
Thank you, I gain from you very well. Like he his using wallet like electrum in which he can be able to spend unconfirmed transaction, he can just generate a new address and use higher fee for the transaction into his new address on the same electrum wallet. That means the transaction will be confirmed very fast if high fee is used.

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..BUY/ SELL CRYPTO..
tenakha (OP)
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January 07, 2021, 10:53:33 PM
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The transaction has confirmed! Thank you guys - I have learned a LOT regardless.
I am going to look at the Electrum link you sent me.

Thank you so much!
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January 07, 2021, 11:12:30 PM
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RBF can be used only by the sender.
Thank you, I gain from you very well. Like he his using wallet like electrum in which he can be able to spend unconfirmed transaction, he can just generate a new address and use higher fee for the transaction into his new address on the same electrum wallet. That means the transaction will be confirmed very fast if high fee is used.
That's called CPFP (Child pay for the parent) and is different from RBF.
If a transaction has been marked as RBF, you can replace the unconfirmed transaction with a new one paying a higher fee. For creating a new transaction that can replace the first one, you need to have control over one of inputs.

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