When a transaction is first created, it is considered a pending transaction. This means that the transaction is not yet complete, and is waiting to be added to the blockchain.
Transactions can stay in a pending state for a period of time, depending on the number of confirmations that are required. Once a transaction has been added to the blockchain, it is considered a completed transaction.
If you have a pending transaction on your Bitcoin account, it means that the transaction is not yet complete. In most cases, a pending transaction will eventually be added to the blockchain and will become a completed transaction.
However, there are some cases where a pending transaction may never be confirmed or may be cancelled by the sender.
If you have a pending transaction that you would like to cancel, you may be able to do so depending on the status of the transaction and the wallet that you are using. For most wallets, once a transaction has been sent, it cannot be cancelled.
This is because the transaction is broadcast to the network and the funds have already left your wallet. If you try to cancel the transaction, your wallet will simply create a new transaction with a higher fee that pays miners to ignore the first transaction.
Some wallets may allow you to cancel a pending transaction if it has not yet been confirmed by the network. However, even if your wallet allows you to cancel the transaction, there is no guarantee that it will actually be cancelled. If the network has already started to confirm the transaction, cancelling it may not be possible.
Furthermore, even if you are able to successfully cancel the transaction, there is no guarantee that you will get your funds back. When cancelling a pending Bitcoin transaction, always remember that there is never any guarantee that the cancellation will be successful or that you will get your money back.