Even many advanced cryptocurrency users can recall an incident when they failed to double-check their transaction details and they accidentally sent funds to the wrong recipient, or sent the wrong amount. As unfortunate as it is, cryptocurrency transactions on the Bitcoin, Ethereum, and Bitcoin Cash networks are designed to be irreversible and we have no control over them.
If you have any question, you can contact our Customer Support Service to get answers. You are also guaranteed to get solution to any issue you may be having by contacting our Customer Support Team.
Knowing this, it’s extremely important to make sure your transaction details are correct before you click send.
To learn more about why bitcoin transactions can’t be canceled and how this aspect of bitcoin and other similar cryptocurrencies compares to other methods of payment like credit cards and cash, check out our blog post on Bitcoin Transactions & Chargebacks.
Why Is My Transaction Confirmed Yet?
Every bitcoin transaction that’s sent flows into what’s called the mempool (short for memory pool) before it can be confirmed by miners. When there’s a dramatic spike in transaction activity, the mempool can become congested because so many transactions are waiting to be included in the next block.
Bitcoin users across the network may notice their transactions sit as unconfirmed or pending for a longer period of time, and we understand this can cause users to be concerned about the status of their funds.
In most cases, your transactions will eventually confirm. It may just take longer than usual to do so.
Note: Cryptocurrency Wallets have a Customize Fee option that allows users to specify a custom fee and this can come in handy to help ensure your transaction confirms quickly during periods of congestion. We recommend this option to experienced users with an understanding of transaction fees only.
If you have any question, you can contact our Customer Support Service to get answers. You are also guaranteed to get solution to any issue you may be having by contacting our Customer Support Team.