Cryptocurrency Q&A How to reverse an unconfirmed bitcoin transaction?

How to reverse an unconfirmed bitcoin transaction?

Emanuele Emanuele Thu Dec 05 2024 | 5 answers 838
I accidentally sent some bitcoins to a wrong address and the transaction is still unconfirmed. I urgently need to reverse this unconfirmed Bitcoin transaction. How can I do that? How to reverse an unconfirmed bitcoin transaction?

5 answers

EmilyJohnson EmilyJohnson Sat Dec 07 2024
With CPFP, the sender creates a new transaction that pays a higher combined fee, which can help speed up the confirmation process of the original transaction.

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Giovanni Giovanni Sat Dec 07 2024
To cancel an unconfirmed Bitcoin transaction, one effective method is the Replace-by-Fee (RBF).

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Carolina Carolina Sat Dec 07 2024
Transaction accelerators are also an option to prioritize an unconfirmed transaction.

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Michele Michele Sat Dec 07 2024
This technique allows the sender to replace the original transaction with a new one that includes a higher fee.

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Eleonora Eleonora Sat Dec 07 2024
Another approach is the Child-Pays-for-Parent (CPFP) method.

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