Assets, Bitcoin

Why Was My Bitcoin Transaction Declined?

When you attempt to spend Bitcoin, your Transaction is sent to the Bitcoin Network for confirmation. During this time, the transaction will be “pending”.

Once a miner has verified your transaction, it will be included in a block and the transaction will be considered “confirmed”. .

If your Bitcoin Transaction is taking a long time to confirm, or if it is “stuck” with 0 confirmations, then there are a few things you can do to try and speed up the process:

First, check the fee you included with your transaction. If you didn’t include a high enough fee, then miners may not prioritize your transaction for inclusion in the next block. To check the fee you included with your transaction:

If you are using a Blockchain Wallet:

Login to your Blockchain Wallet
Click on the icon that looks like 3 stacked horizontal lines in the top left corner of the screen (this will open up the menu)
Click on “Tools”
Click on “View Transaction Details” under the heading “Bitcoin Network Fee”
Check the fee listed next to “Total Fee”

NOTE: Warning: Bitcoin transactions can be declined for various reasons, such as an incorrect address, insufficient funds, or the transaction being flagged as suspicious. Before initiating a transaction, it is important to double check that all information is accurate and up to date. Additionally, ensure that you have sufficient funds in your wallet to cover the cost of the transaction. If your transaction still gets declined, contact your service provider for help in resolving the issue.

If it is less than 0.0001 BTC (100,000 satoshis), then this may be why your transaction is taking a long time to confirm, or why it is “stuck”.

You can increase the fee by double clicking on your transaction in the “Recent Transactions” list and then clicking on the “Increase Fee” button. This will automatically add a new transaction with a higher fee to your wallet that pays for the original transaction.

Once this new transaction has one confirmation, your original transaction should start confirming as well.

If you are not using a Blockchain Wallet:

Look up your transaction ID on a Block Explorer (like BlockCypher, Blockchair, or BitPay)
Scroll down to the section titled “Transactions included in this block” and look at each one until you find yours

Click on your Transaction ID
Check the fee listed under “Fee paid”.

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