Cryptocurrency Q&A Can my bank reverse a Coinbase transaction?

Can my bank reverse a Coinbase transaction?

Leonardo Leonardo Wed Jan 01 2025 | 7 answers 1417
I made a transaction on Coinbase, but now I'm having second thoughts. I want to know if my bank has the ability to reverse or cancel the Coinbase transaction that I've already made. Can my bank reverse a Coinbase transaction?

7 answers

SamuraiWarriorSoul SamuraiWarriorSoul Fri Jan 03 2025
Cryptocurrency transactions possess a unique characteristic that sets them apart.

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Giovanni Giovanni Fri Jan 03 2025
This irreversibility is a fundamental principle of blockchain technology.

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Ilaria Ilaria Fri Jan 03 2025
The immutability of transactions is a cornerstone of cryptocurrency.

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JejuJoy JejuJoy Fri Jan 03 2025
Once a transaction is verified and added to the blockchain, it becomes permanent.

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Carlo Carlo Fri Jan 03 2025
There is no mechanism to reverse a cryptocurrency transaction once it has been confirmed.

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