How to Cancel an Unconfirmed Bitcoin Transaction CoinCentral
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Hi guys, just wanted to quickly share an experience I just had. Made a significant purchase >$1000 on Overstock.com, saw the Bitcoin payment option, and though "why not?" I'm an enthusiast and it seemed like a good idea to make my first true blue bitcoin transaction for goods/service. As soon as I shipped the Bitcoin, a red screen came up saying: There was a problem with your order, it has been cancelled, please call customer service, etc. ....But the bitcoin was gone! Called them, waited 2 mins, talked to a nice rep who had very little understanding of how bitcoin works. She told me the order was canceled and that I should just re-order and pay with a different method i.e. paypal or cc. I told her that sounded good, except one thing. Bitcoin was sent, and I can't get it back. She forwarded me to the "pay support" department where they found the transaction, noted it still needed a few more confirmations to issue a refund, and that they would email me with a request for a return bitcoin wallet address later today or tomorrow. About an hour later I received the email. I shipped them my wallet address, and I received the USD equivalent (at current rates) in bitcoin right away. Thankfully it was within a few bucks of the original payment. I am very satisfied with the outcome, but it did scare the hell out of me for several minutes.
Bitcoin Taxes IRS Refunds Tax-Paying Crypto Users. Ali · @alir1272 Nov 15, 2019 03:42 . Share. Tweet. Send. Share. The Internal Revenue Service (IRS) has sent refunds to crypto users who had correctly reported their taxes with proof of trades and transactions. The matter of cryptocurrency-related taxes has been a major question within the US for a few years now. While the country ... Blockchain Bites: Crypto.com Refunds, Sovrin’s Layoffs and AML Bitcoin’s AML Issues. TRENDING. 1. Biden proposes panel to study reforming 'out of whack' U.S. judiciary. 2. Bank of Israel Adds ... Hot on the heels of a $150,000 grant, BTCPay server has added support for notifications and easy refunds to the open source BTC payment processing platform Bitcoin refunds made possible with BTCPay Server update Hot on the heels of a $150,000 grant, BTCPay server has added support for notifications and easy refunds to the open source BTC payment processing platform. By Alexander Behrens. 2 min read. Jun 27, 2020 Jun 27, 2020. Bitcoin. Bitcoin on your phone. Image: Shutterstock. In brief. BTCPay Server has released update 1.0.5 of its open-source ... How to cancel an unconfirmed Bitcoin transaction. When sending Bitcoin, it can be easy to make a small mistake causing you to want to cancel your Bitcoin transaction.Oftentimes, funds can become stuck if the miner fee you enter isn’t high enough for any miner to confirm your transaction.
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