Post
Topic
Board Bitcoin Discussion
Re: can i cancel a deposit from blockchain in case of posibly fraud?
by
LucioTan
on 12/07/2016, 08:13:54 UTC
Hello, every one, i wnt know if know how cancel a deposit in blockchain.

is that possible?

Greetings

You cant cancel if the transaction is now on process. You cannot tell it to stop. The only way to retrieve your deposit/withdraw is to contact the address you are depositing/withdrawing.. But if you are lucky enough there is a chance that the processing time will be cancelled. I dont know why. But others reported that blockchain sometimes cancel transactions.

I think as long as your transaction has 0 confirmations, you can cancel it. But, if your transaction has already 1 or more confirmation, then you cannot do anything about it anymore. That's why we should think first before sending transactions and make sure that the person you are sending to is a legit one so you will not encounter these things.