- Why is my transaction not getting confirmed and what can I do about it? – recently we hear it again and again. Why? Is it smth wrong doing with bitcoin or Ethereum blockchains? Is it jiggery-pokery?
No way. Just more and more people join day after day to crypto community.
So what is the phenomenon? And what to do indeed?
Don’t cheap out!
A stuck transaction remains unconfirmed too long, while the receiver or the sender feels uncomfortable with. Stuck transactions can be annoying as it means that recipients often consider the senders to not have paid yet, or the recipient needs the money as soon as possible. Stuck transactions are typically caused by low transaction fee rates. However other things can cause stuck transactions too. Such as spending from an unconfirmed transaction, having dust outputs in the transaction or being a double spend of another transaction. If a transaction has a double spending transaction and the double spend confirms, then the transaction will be stuck forever as it can never confirm. How to control? And what to do?
First – you can see a list of stuck transaction, e.g. for bitcoin, at https://www.blockchain.com/en/btc/unconfirmed-transactions (Live updating list of new bitcoin transactions)
The second question is much more complicated. Ask Ether community and you’ll get the answer:
– Either you cancel them (transactions) using for example Myetherwallet, or you just wait it out…
But you know what? This is not a judgement!
It is a least one simple way to solve the problem – with a new ETH Wallet called Endpass .
Say goodbye to stuck transactions!
Endpass claims it is an Ethereum and token wallet you’ll be delighted to use. May be. You should try. But as for stuck transactions –that’s, indeed, a perfect solution.
They said: Resend stuck transactions with one click!
And it is really so. You shouldn’t worry about choosing the right gas price. Simply choose a priority level for your transaction and the wallet’s prediction algorithms will select the optimal gas price. If a transaction does get stuck, you can resend it with a higher fee or cancel it in one click.
Well. This is the case as in proverb: “So simple. Why I hadn’t thought of it myself?”