Coinbase, Exchanges

Can I Cancel Coinbase Pending Transaction?

As cryptocurrencies become more popular, so do the exchanges that offer them. Coinbase is one of the most popular exchanges and allows users to buy and sell Bitcoin, Ethereum, and Litecoin.

Recently, Coinbase has added support for buying and selling Bitcoin Cash.

Coinbase is a great exchange for those new to cryptocurrencies as it is easy to use and has a user-friendly interface. However, one thing to be aware of is that Coinbase has been known to put holds on pending transactions.

This can be frustrating if you are trying to time the market or want to know if your transaction will go through immediately.

NOTE: WARNING: Cancelling a pending transaction on Coinbase may not be possible, depending on the payment method used and the status of the transaction. Cancellation is not guaranteed and Coinbase cannot guarantee a refund if the transaction is cancelled. Additionally, depending on your payment method, you may incur fees or other costs for attempting to cancel a Coinbase pending transaction. Therefore, customers should exercise caution in initiating any transactions with Coinbase.

Coinbase has said that they put holds on transactions in order to protect their users from fraudsters. By holding onto the funds for a short period of time, they can investigate whether the transaction is legitimate before releasing the funds.

This protection comes at a cost, however, as it can delay when you will actually receive your cryptocurrency.

If you are trying to buy or sell cryptocurrency on Coinbase and have had a pending transaction for more than a few hours, you may be wondering if you can cancel it. Unfortunately, at this time, Coinbase does not allow users to cancel pending transactions.

Once a transaction is sent through their system, you will have to wait for it to either be completed or rejected before you can try again.

This can be frustrating, but it is important to remember that Coinbase is working to protect their users from fraudsters. If you are unsure about a transaction, it is always best to contact customer support before sending any funds.

Previous ArticleNext Article