Steps to Cancel a Transaction
- Select the transaction you plan to cancel and click the "Cancel The Transaction" button
- Confirm and enter the password
In the Ethereum network, there will not be two transactions with the same Nonce value at the same address. Canceling a transaction will send a 0 ETH transaction to your address. The Nonce value of this 0 ETH transaction is the same as the transaction that is scheduled to be canceled, but with a higher miner fee. This will ensure that the 0 ETH transaction is given priority by the miner. When the 0 ETH transaction is successful, the planned transaction will fail, which achieves the purpose of canceling the transaction.
Only transactions in the "Pending" status can be cancelled. According to the basic principles of blockchain networks, successful transactions cannot be cancelled.
Some extreme situations can lead to unsuccessful cancellation of the transaction. For example, after the 0 ETH transaction is issued, the transaction that is planned to be cancelled is packaged first. In this case, the cancellation of the transaction will be unsuccessful.