Cryptocurrency Q&A
How do I replace a Bitcoin transaction?
How do I replace a Bitcoin transaction?
Tommaso
Mon Dec 23 2024
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7 answers
1862
I need to know how to replace a Bitcoin transaction. I've sent some Bitcoins but want to cancel or replace that transaction. Is there a way to do this and how can I accomplish it?
7 answers
HanjiArtistry
Wed Dec 25 2024
Replacing a Stuck Transaction via Replace-by-Fee (RBF) requires several steps.
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SkylitEnchantment
Wed Dec 25 2024
The key difference between the original and replacement transactions lies in the fee. To incentivize miners to prioritize your replacement transaction, you must set a higher fee than the original transaction.
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MichaelSmith
Wed Dec 25 2024
First, ensure that the transaction remains unconfirmed and stuck. This is crucial as RBF can only be applied to transactions that have not yet been included in a block.
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ShintoSanctuary
Wed Dec 25 2024
Next, check if RBF is enabled for the stuck transaction. This can be done by locating the RBF flag on a BTC mempool explorer. The mempool explorer provides a detailed view of all unconfirmed transactions on the Bitcoin network.
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WhisperWind
Wed Dec 25 2024
Once you have confirmed that RBF is enabled, you can proceed to create a replacement transaction. This involves crafting a new transaction that uses the same inputs as the original stuck transaction.
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