How to Cancel Pending Transaction on Trust Wallet in 2024
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How to Cancel Pending Transaction on Trust Wallet in 2024
Are you experiencing pending transaction on your trust wallet account and there hasn’t been any solution yet?
If yes, this comprehensive guide should help you out if followed.
Trust Wallet is a popular mobile-based cryptocurrency wallet that allows users to securely store, manage, and exchange various digital assets, including cryptocurrencies and non-fungible tokens (NFTs).
Developed by the team at Ai Search Inc, Trust Wallet is designed to be easy to use by everyone with high end security features making it an ideal choice for both beginners and experienced cryptocurrency enthusiasts.
Do you know why you may experience or currently experiencing pending transactions on your trust wallet account, if not, I have also provided insight on that.
Possible Reasons for Transaction Pending in Trust Wallet
When a transaction is pending in Trust Wallet, it means that the transaction has not yet been confirmed or processed on the blockchain.
There could be several reasons for this issue. Some of the most common reasons for transaction pending in Trust Wallet are the following:
Insufficient Gas Fee
One of the primary reasons for transaction delays in Trust Wallet is insufficient gas fees.
Gas fees are the fees required to execute transactions on the blockchain.
If the gas fee set for the transaction is too low, the transaction might not be valued by the miners, causing it to remain pending.
Network Congestion
Another common reason for transaction delays is network congestion.
This occurs when the blockchain network becomes overloaded with transactions, causing transactions to take longer to be processed or confirmed.
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During times of high network congestion, transactions may remain pending for extended periods.
Wallet Synchronization
Sometimes, the Trust Wallet app may be syncing with the blockchain, causing transactions to remain pending.
This is particularly common when using a new wallet or after an app update. In this case, waiting for the synchronization process to complete should resolve the issue.
Wallet Address Typo
Inputting an incorrect wallet address can result in transactions remaining pending.
Double-checking the recipient’s wallet address before sending transactions can help prevent this issue.
There are more reasons why your transactions on a trust wallet could be on pending but let’s stop there and delve quickly into how to cancel pending transactions on trust wallet in 2024.
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How To Cancel Pending Transaction On Trust Wallet In 2024
Dealing with a stuck transaction on the Ethereum network due to a low fee can be frustrating, but Trust Wallet provides a solution. Follow these steps to cancel a pending transaction:
Get the Nonce Value: The Nonce value, crucial for canceling a specific transaction, can be found on the pending transaction details or under “More details.”
It represents the number of transactions sent from your address.
Create 0 ETH Transaction: Initiate a new transaction, either to the same destination address or your own, and set the amount to 0 ETH.
Change the Nonce Value: Access the Advanced screen by tapping the gear icon on the Confirm screen.
Confirm that the Nonce value matches the one associated with the pending transaction. Adjust the Gas Limit to the recommended value and save the changes.
Submit the Transaction: Tap “Send” to submit the new transaction. This transaction, having a higher fee, will be value for processing.
Consequently, the pending transaction with the lower fee will be dropped or canceled immediately.
FAQs On How To Cancel Pending Transaction On Trust Wallet In 2024
Here are some helpful frequently asked questions on how to cancel transaction trust wallet in 2024 with answers:
How legit is Trust Wallet?
Trust Wallet is a legitimate and widely used cryptocurrency wallet that has been acquired by Binance, one of the world’s largest cryptocurrency exchanges.
It supports various cryptocurrencies, including Bitcoin, Ethereum, and altcoins, and allows users to store, send, and receive digital assets securely.
How do I join a Trust Wallet?
To join Trust Wallet, follow these steps:
- Download the Trust Wallet app from the official website or from the Apple App Store or Google Play Store.
- Create a new wallet by selecting “Create New Wallet” and following the on-screen instructions.
- Write down or save your recovery phrase and confirm that you have a backup. This phrase is essential for recovering your wallet if you lose access to your device or if the app is deleted.
- Set a password for your wallet to add an extra layer of security.
How does the Trust Wallet work?
Trust Wallet works as a decentralized, non-custodial wallet that stores users’ private keys on their devices.
It allows users to manage their cryptocurrency assets, send and receive transactions, and interact with decentralized applications (dApps).
Trust Wallet supports various cryptocurrencies and tokens, enabling users to access different blockchain networks.
Can I use Trust Wallet to pay?
Yes, you can use Trust Wallet to pay for goods and services, but it is essential to find a merchant or platform that accepts cryptocurrency payments.
Trust Wallet supports various cryptocurrencies, so you can make payments with Bitcoin, Ethereum, and other supported tokens.
Can I transfer money from Trust Wallet to a bank account?
No, you cannot directly transfer money from Trust Wallet to a bank account. Trust Wallet is a cryptocurrency wallet, and cryptocurrencies are not the same as traditional currencies.
To transfer money from your Trust Wallet to a bank account, you would first need to exchange your cryptocurrency for a traditional currency (such as USD or EUR) using a cryptocurrency exchange platform, like Binance.
