Can I cancel a transaction that has no confirmations due to low satoshis? Hi all I changed the cost to transact from $24 us to $1.40 when I transferred my bitcoin funds and no one will confirm it. Is there anyway to cancel it? I can't do a double transaction because I was moving my entire wallet off my ledger Nano to GDAX
The only way to cancel it is to replace it with a newly created transaction that overrides the previous one, and hope that by the higher fee this one gets confirmed earlier.