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How to cancel a transaction?

If you want to cancel a transaction, you can use the "Cancel transaction" feature. Please note that a cancellation can only be attempted if the transaction is still pending on the network. Once a transaction has been confirmed on blockchain, it cannot be reversed.

When to cancel a transaction?

You can cancel the transaction in the following situations:

  1. Stuck Transactions: Occasionally, transactions can get stuck in a pending state for an extended period due to network congestion or other technical issues.If a transaction remains unconfirmed for a long time, you may consider canceling the transaction and initiating a new one.

  2. Accidental Submission: If you accidentally submit a transaction with incorrect information or select the wrong recipient, you can cancel the transaction to prevent the loss of assets.

  3. Change of Plans: You may change your mind or no longer want to initiate a transaction. At this time, pending transactions can be canceled to avoid unwanted asset transfers.

How to cancel a pending transaction?

Follow these steps to cancel a pending transaction:

  1. Visit console.mpcvault.com.

  2. Enter any vault and navigate to the " Transactions " page.

  3. In the pending module, locate the transaction you want to cancel, click the three dots menu on the right, and then click the " Cancel transaction " button.

  4. Confirm the information in the pop-up window and click on the " Create signing request ".

  5. Return to the MPCVault app and sign the signing request you have just generated as soon as possible.

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