Post
Topic
Board Bitcoin Discussion
Re: have a question about cancel a transaction
by
slaman29
on 25/12/2023, 09:14:05 UTC

Thank you very much.

Another question: so it means the transaction may be dropped if the fee is too low?

If the transaction fee is too low and unfortunately the mempool congestion doesn’t reduces such that the transaction fee rate comes down to your range of fee then the transaction will be dropped. The default time is 24 days from the day you broadcasted your transaction but it varies because nodes have different mempool settings so could still have it beyond those days which extends the time for it to be dropped. Also the wallet you might be using could have an in built rebroadcasting feature which will continually rebroadcast your transaction and then stopping it from getting dropped

Also to prevent this rebroadcasting, don't open your wallet also as wallets with this auto feature will keep broadcasting your unconfirmed transaction.

If you really need to check, just go offline and open wallet. 24 days is a loooong time, I know Smiley