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What Do You Do If Your Bitcoin Transaction Has No

If a Bitcoin transaction has not confirmed after 72 hours, you may use the 'Replace By Fee' option to reissue it with a higher fee, as there is no way to retract a transaction. Unconfirmed transactions may be dropped from miners' mempools due to low fees or network congestion, and if they remain unconfirmed for an extended period, the funds will return to the sender's wallet. To expedite confirmation, consider increasing the transaction fee or monitoring the mempool for your transaction's status.

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0% found this document useful (0 votes)
22 views2 pages

What Do You Do If Your Bitcoin Transaction Has No

If a Bitcoin transaction has not confirmed after 72 hours, you may use the 'Replace By Fee' option to reissue it with a higher fee, as there is no way to retract a transaction. Unconfirmed transactions may be dropped from miners' mempools due to low fees or network congestion, and if they remain unconfirmed for an extended period, the funds will return to the sender's wallet. To expedite confirmation, consider increasing the transaction fee or monitoring the mempool for your transaction's status.

Uploaded by

kimheinrich344
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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What do you do if your Bitcoin


transaction has not confirmed after 72
hours?

All related (38) Recommended

Vincent Bressler
MS in Electrical Engineering, Stanford University ·… · 5y
uthor has 157 answers and 190.2K answer views
If you can use “Replace By Fee” then you may re-issue
the transaction using a higher fee. Bitcoin Core wallet
supports this.

However, there is no way to retract a transaction.


Eventually it will go through.

The article below is kind of technical, and talks about


how Replace By Fee may be used to change not only
the fee, but the destination of an unconfirmed
transaction.

Bitcoin Replace-By-Fee guide – Igor Korsakov –


Medium

Using the above technique, you could send a


transaction back to an address that you control.
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Simon Selitsky
MS in Computer Science, Columbia University · A… · 5y
hor has 54 answers and 119.1K answer views
Transactions that stay unconfirmed for more than 24
hours are usually dropped from miners’ mempools. Try
to resend your transaction with a higher fee. Modern
wallets usually do a pretty good job at recommending a
reasonable fee for speedy confirmation.
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Dusan Sladecka
Technical Writer in the Crypto Industry · 5y

The transaction was probably dropped from the


mempool due to a low fee or some other issue.
Dropped transactions are nulled and returned to the
original account - as if they never happened. So it
should not be a problem - you’ll just need to send it
again.

However, you might have sent the funds to a wrong


address by accident - that would be worse and
irreversible. Double check the transaction in your
wallet.
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Answered by Nancy Lisa · Author h… · Apr 24, 2022
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Shivam Thakral
Bitcoin Expert, Investor · Upvoted by Rinkesh Jha,… · 6y
Marketing Manager at Bitcoin (2017-present)Autho
Why
Relatedr has 117has my Bitcoin
answers and 355.2Kstill beenviews
answer pending for
hours now? I understand that payment is until
6pm today, but my Bitcoin is still pending.
There are might two reasons behind your pending
transaction-

1. The person who had sent it might have put


lower transaction fee than required.

2. Secondly no miner is taking up your


transaction into their block due to competition.

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Marta Reyes Suarez


Author has 229 answers and 9.9K answer views ·
Dec 18

Related What happens when a bitcoin transaction


is not confirmed? What are the reasons for this,
and how long does it usually take?
When a Bitcoin transaction is not confirmed, it means
that it hasn't yet been added to a permanent block on
the blockchain and is still in the "unconfirmed" pool.
This essentially puts the transaction in a waiting state,
with several possibilities influencing its fate:

Reasons for Unconfirmed Transactions:

Low transaction fees: Miners prioritize


transactions with higher fees first. If your fee is
too low, your transaction might stay in the
mempool (unconfirmed pool) for a longer time.

Network congestion: When the Bitcoin


network is experiencing high transaction
volume, unconfirmed transactions may
accumulate, causing delays in confirmations.

Double-spend attempt: If someone attempts


to spend the same Bitcoin twice (double-
spend), one of the transactions will remain
unconfirmed.

Technical issues: Software bugs or temporary


network disruptions can occasionally prevent
transactions from being confirmed.

Typical Confirmation Time:

For confirmed transactions, the average wait time


varies depending on network activity and fee amount.
Generally:

Low fees: Expect longer waits, potentially


hours or even days.

Average fees: Confirmation can take


anywhere from 10 minutes to an hour.

High fees: Transactions can be confirmed


within minutes.

What Happens to Unconfirmed Transactions:

Stay in the mempool: Unconfirmed


transactions remain in the mempool until
miners pick them up for inclusion in a block.

Expire and drop: If a transaction stays


unconfirmed for an extended period (typically
several days), it can expire and be dropped
from the mempool. The funds will be returned
to the sender's wallet.

Things you can do when a transaction is


unconfirmed:

Monitor the mempool: Use online tools to


track the mempool's current state and gauge
your transaction's position in the queue.

Increase your transaction fee: Consider


adding a higher fee to incentivize miners to
prioritize your transaction.

Contact support: If you suspect a technical


issue, contact the platform you used to initiate
the transaction for assistance.

Remember, unconfirmed transactions don't guarantee


successful completion. Always check the confirmation
status before relying on the funds being accessible.
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Crypto And Bitcoin Investment


Unlocking Crypto Potential · Author has 867 an… · 6mo
wers and 67.8K answer views
Related How can you recover funds from a Bitcoin
transaction that has not been confirmed by the
network yet?
If a Bitcoin transaction has not been confirmed by the
network yet, it is still in the mempool waiting to be
included in a block. In most cases, you cannot directly
"cancel" or "recover" unconfirmed transactions, but
there are a few options you can consider to mitigate the
situation:

1. Wait for Confirmation: The most common


approach is to be patient and wait for the
transaction to be confirmed by miners. Most
Bitcoin transactions are included in a block
within a reasonable time, especially if an
appropriate transaction fee was attached.

2. Replace-By-Fee (RBF): If your wallet


supports the Replace-By-
Continue Reading

Erika Fernandez
M.B.A. in Finance, Master of Business… · 1y
Administration Degrees (Graduated 2013) · Author
How
Relatedhas 1.4Klong does
answers andit58.8M
take answer
to receive
views and send
Bitcoin? What happens if a Bitcoin transaction
never confirms?
All Bitcoin transactions require 6 confirmations in the
blockchain from miners before they're processed.
Generally speaking, Bitcoin transactions usually take 1
to 1.5 hours to complete. However, there can be delays
in the transaction if there is a high volume of
transactions taking place at the same time.

Continue Reading

8 6
What happens if a Bitcoin transaction never
confirms?
Gaurav Mehta
Founder at Catax
If the transaction does| not
Crypto Tax & Forensic
confirm, Au…will
the funds · Nov
be 24
ing Expert · Author has 437 answers and 221.1
spendable Whatagain
RelatedK answer from the
happens tosender's wallet. This
an unconfirmed may
Bitcoin
views
take up to 30 if
transaction days.
it is never confirmed?
If a Bitcoin
Please transaction
do Upvote andremains
Share ifunconfirmed
you like. and is
never included in a block, it eventually gets "dropped"
or "forgotten" by the Bitcoin network. When a
transaction is first broadcast to the network, it enters
the mempool, which is a pool of pending transactions
waiting to be confirmed by miners. Miners prioritize
transactions with higher fees, and they include them in
the blocks they mine. Transactions with lower fees or
lower priority may not get picked up by miners,
especially during periods of network congestion.

Over time, if a transaction


Continueremains
Reading unconfirmed, it
becomes less likely to ev
12

Gareth Evans
Spreading awareness on good practice for tradin… · 2y
owning BTC · Author has 305 answers and 259.7K
Whyviews
Relatedanswer is my Bitcoin still pending for 3 days
now when it has 7 confirmations on Coinbase?
This is entirely the fault of the service you are using.
Some services manually confirm transactions, others
wait for many confirmations. It is unusual these days for
services to require more than 3 confirmations on the
Bitcoin network though.

Refer to your tx ID on the Bitcoin blockchain itself


(using a public explorer like Blockchair). If there are
more than 3 confirmations there, you should get in
touch with your service.
3

Eugene Jasper
Chief Logistics Operator at JNR Global Logistics (… · 2y
018–present) · Author has 97 answers and 366.3K
Howviews
Relatedanswer long does it take for a bitcoin
transaction to confirm? Can a Bitcoin transaction
be rejected?
For confirmation of a bitcoin transaction, the rule of
thumb is somewhere between 10 minutes and an hour,
but the actual length of time is dependent on the
amount of traffic present on the Lightning network at
the time of your transaction. I've had one instance in
which it took well over two hours for the BTC I sent to
show up, which made me very nervous at the time, but
most often Bitcoin can be sent from one address to
another in the span of an hour.

A Bitcoin transaction can sometimes go unconfirmed,


so I suppose you could consider
Continue this a rejection of
Reading
sorts. When this happens the BTC would,
12 3

Evelyn Raymond
Professional at Foreign Exchange Market (20… · Nov 18
–present) · Author has 7.3K answers and 255K
Whyviews
Relatedanswer does it take so long for some Bitcoin
transactions to be verified? Is there anything that
can be done about it?
Bitcoin transactions can sometimes take a while to be
verified due to a few reasons. One of the main factors is
the number of pending transactions in the network.
When the network is congested with a high volume of
transactions, it can cause delays in verification.

Another factor is the transaction fee. Miners prioritize


transactions with higher fees because they have an
incentive to include those transactions in the next block
they mine. If you set a low fee, your transaction may
take longer to be verified.

To speed up the verification process, you can try


Continue Reading
increasing the transaction fee. This c

Tiffany Littlejohn
Trade Mentorship WhatsApp + 1937524356… · Nov 25
Author has 8.6K answers and 238K answer vi
What happens to an unconfirmed Bitcoin
Relatedews
transaction? Can it be cancelled or resumed?
An unconfirmed Bitcoin transaction refers to a
transaction that has not yet been included in a block on
the blockchain. These transactions can take time to be
confirmed, and they may eventually be dropped from
the network if they are not confirmed within a certain
period of time. If a transaction is unconfirmed, it can be
cancelled by the sender using a "transaction
replacement" or "RBF" (replace-by-fee) process. This
allows the sender to create a new transaction that
replaces the old one, with a higher fee. If the new
transaction is included in a block,
Continue Readingthe old transaction
will be dropped and
2 1

Charles Joyner
Marketing Analyst · Author has 85 answers and 5… · 2y
5K answer views
Related Why is my Bitcoin still pending for 3 days
now when it has 7 confirmations on Coinbase?
Coinbase has an enviable selection of cryptocurrencies
that you can trade 103 at last count and that should
prove wide enough for all but the most hardcore crypto
trader. You’ll get the most popular cryptocurrencies,
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For more information you can submit a request to


Coinbase. That’s in sharp contrast to other brokers or
financial apps that advertise crypto trading but offer
only a handful of the most widely followed coins.

For example, Robinhood offers


Continue trading in just seven
Reading
cryptocurrencies which is still be
32

Sushil Sen
Blockchain Developer & Internet Entrepreneur (2… · 4y
7–present)
Related How long does it take for a blockchain to
confirm a transaction?
It depends on difficulties level. Each block features a
totally different mathematical problem, thus each miner
can work on a special|a distinctive drawback unique to
the block they designed.

Once a node receives a transaction, it essentially


downloads the entire ledger history and verifies that the
transaction is valid. Once this takes place, that node
sends this to all other nodes across the world — acting
like the “cameras” in the aforementioned analogy — to
fully validate the transaction.

Interesting to know more investment strategies to


crypto and gold ? Visit my profile page.
1

Cytreex Crypto Exchange


Crypto Exchange · Author has 464 answers a… · Dec 8
34.9K answer views
Related Why is my Bitcoin transaction
unconfirmed? How do I confirm?
Possible reasons for unconfirmed transaction:

Insufficient transaction fee: The most common reason


for an unconfirmed transaction is an insufficient
transaction fee. Miners prioritize transactions with
higher fees, so a low fee may cause your transaction to
be stuck in the mempool for a long time.

Network congestion: If the Bitcoin network is


experiencing high transaction volume, it may lead to
delays in processing transactions. This can cause your
transaction to be unconfirmed for an extended period.

Double-spending attempt:
Continue IfReading
two transactions are trying
to spend the same Bitcoin, only one will

Nayab Fatima
Crypto Strategist | Trading Enthusiast | Tips fo… · Jan 2
Success
Related Why is my Bitcoin transaction pending
over a week now?
A Bitcoin transaction stuck in pending for over a week
is definitely concerning. Several factors could be
causing this delay, and understanding them can help
you address the situation:

1. Low transaction fees: Miners prioritize


transactions with higher fees, so yours with a
low fee might be pushed back in the queue.
Consider using a fee estimator to gauge a
suitable fee for faster confirmation.

2. Network congestion: When the network is


busy with many transactions, yours might have
to wait longer to be included in a block. This
congestion can ebb and flow, so waiting a bit
might help.

3. Wallet or exchang
Continue Reading

Ryna Connor
PhD in Banking & Investment Strategies,… · Updated 2y
Oxford, Oxfordshire, UK · Author has 1.3K
Whatand
Relatedanswers happens if my bitcoin
927.8K answer views transaction is
not confirmed?
When you perform a Bitcoin transaction from your
wallet, it is broadcast to all nodes in the Bitcoin
network.

Each node adds your transaction to its Mempool.

A Mempool is a memory area


Continue containing all the
Reading
transactions awaiting validation by a node.
2
Each node has its own Mempool.

The content of the Mempool differs from node to node


Lyrastra
because
Intoeach node
Crypto in more
Word the network has now!
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· Aut… · 11mo
r hascapacities.
and other 76 answers and 16.1K answer views
Related What happens when a transaction has
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Minersbroadcast but
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tapping into this Mempool.
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time, the transaction is considered unconfirmed and is
not yet a permanent part of the blockchain.

If the transaction is not confirmed within a reasonable


amount of time, it may be dropped from the network
and considered invalid. In this case, the transaction
would need to be re-sent with a higher transaction fee
to ensure that it is picked up by a miner and added to
the blockchain.
Continue Reading
It's imp

Vladislav Zorov
former Blockchain Technology Lecturer @ Kingsla… · 1y
d University · Author has 18.2K answers and 96.9M
Whyviews
Relatedanswer does my Bitcoin transaction stay
unconfirmed?
Because the fee you offered was too low. Some wallets
offer an option to bump the fee. Or you could just wait
until your wallet considers it “failed” (even though
technically they never time out) and send it again, and
hope that your wallet will use the same UTXOs.
6

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