Transaction Speed Up and Cancellation
Last updated
Last updated
When a transaction cannot be completed due to low gas fees, users can use the speed-up or cancellation feature. Please note this feature is only available for BTC and ETH-based cryptocurrencies.
Click "Speed Up" in the pending transaction.
Once clicked, transaction details will expand with an option to increase the gas fee. Users can choose from different gas fee options or customize the fee.
Custom gas fee settings are divided into Advanced Mode and Standard Mode:
Advanced Mode: Uses the EIP-1559 protocol, which applies a new fee calculation method to accelerate transaction confirmation. This mode theoretically reduces gas fees compared to Standard Mode. In Advanced Mode, users can customize the Max Fee and Max Priority Fee, allowing precise control to ensure transaction priority. This mode is particularly suitable for users who need high-priority confirmation while aiming to save on fees.
Standard Mode: Based on the traditional gas fee structure, users can set the Gas Price and Gas Limit to determine the transaction fee. Although this mode is gradually being replaced by the EIP-1559 protocol, it remains suitable for users who are unfamiliar with the new mode or prefer traditional fee settings.
Once the setup is complete, proceed with identity verification.
In the pending transaction, click "Cancel."
Clicking will expand the transaction details, displaying an option to set the gas fee for cancellation. Users can choose from various gas fee options or customize the fee.
Since transaction cancellation involves resending a transaction with an amount of $0, the amount is displayed as 0.
After completing the setup, proceed with identity verification.
Upon successful cancellation, the user interface will display two transaction records: one with an amount of $0, representing the cancellation request, and the earlier record will show a "Cancelled" tag.
Click "Speed Up" in the pending transaction.
Once clicked, transaction details will expand with an option to increase the gas fee. Users can choose from different gas fee options or customize the fee.
CUsers can set the Gas Price and Gas Limit when customizing the gas fee. The system will automatically estimate the gas fee as a reference.
After completing the setup, click "Confirm" and proceed with identity verification.
Once verification is successful, a "Speeding Up" tag will appear. If the waiting time is too long, users can choose to accelerate again by adjusting the gas fee.
In the pending transaction, click "Cancel".
Clicking will expand the transaction details, showing an option to set the gas fee for cancellation. Users can choose from various gas fee options or customize the fee.
For BTC cancellations, the Replace-by-Fee (RBF) method is used, which sends a new transaction with the same UTXO as the original. As a result, the transaction amount is displayed as $0.
After completing the setup, proceed with identity verification.
Upon successful cancellation, the user interface will display two transaction records: one with an amount of $0, representing the cancellation request, and the earlier record will show a "Cancelled" tag.
After verification is completed, a "Speeding Up" tag will appear. Once the acceleration is complete, a "Speed up" tag will be displayed.
After the acceleration is complete, an "Speed up" tag will be displayed.
