How to Cancel Pending Transaction on Trust Wallet in 2024

Are you worried about what to do about your pending transactions on the trust wallet? Then spare two minutes of your time to read this guide on How to Cancel Pending Transaction on Trust Wallet in 2024. 

Trust Wallet is a popular and secure mobile app that allows you to store, send, and receive various cryptocurrencies. 

However, sometimes you may encounter a situation where your transaction is stuck in a pending state for a long time. 

This can happen due to various reasons, such as network congestion, low gas fees, or incorrect transaction data. 

In this blog post, we will explain how to cancel pending transactions on Trust Wallet in 2024, and what are the alternatives if you cannot cancel it.

So, how do you cancel pending transactions? Let’s get into it. 

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How to Cancel a Pending Transaction on Trust Wallet

If you have a pending transaction on Trust Wallet that you want to cancel, you have three options:

1: Wait for it (Recommended)

If you are not in a hurry, then you can just let the transaction go through on its own. 

Eventually, the network will be less congested and the miners will pick up your transaction. 

The only downside is that there is no specific time frame on how long the network will be less congested or when the miners will process the transaction.

To check the status of your transaction, you can tap on More Details on the transaction overview screen. You will see the transaction hash, which is a unique identifier of your transaction. 

You can copy the transaction hash and paste it on a blockchain explorer, such as Etherscan or BscScan, depending on which network you are using. 

You will see the details of your transaction, such as the gas price, gas limit, nonce, and confirmation status. If the transaction is still pending, you will see a message like “Pending Transaction Found” or “Transaction Not Found”. 

If the transaction is confirmed, you will see a message like “Success” or “Failed”.

However, do not send the same transaction over and over again, as this might cause errors or loss of funds.

2: Cancel the Transaction

The next step on How to Cancel Pending Transaction on Trust Wallet in 2024 is

• Click on the pending transaction and find a field called nonce on the screen. 
• Record the value in that field (a number).
• Start a new transaction. In the “Recipient address” put your own public wallet address (the same one you are sending the transaction from). For the “Amount” put in 0 ETH.
• On the next screen, click the “gear” icon in the top right corner, scroll down and replace the nonce value with the value recorded earlier. 
• Set a high gas price and Confirm the transaction.

This will create a new transaction that will override the pending transaction and cancel it out. 

You will see a message like “Transaction Replaced” or “Transaction Dropped and Replaced” on the blockchain explorer.

3: Resend or Recreate the Transaction

Another step on How to Cancel Pending Transaction on Trust Wallet in 2024 is to recreate the transaction

The order of processing of transactions is determined by the value called “nonce”. If you want to resend the transaction that is “stuck”, you need to determine its nonce value and create a new transaction with the same nonce value.

• First, look for the oldest pending transaction. 
• Tap on the pending transaction to get an overview of it. You will find in this screen the Nonce value. Take note of the number as this will be used later.
• Next, create a new transaction (with your original “Recipient address” and amount). 
• On the confirmation screen click the “gear” icon in the top right corner, scroll down and replace the nonce value on the screen with the value recorded earlier. Set a high gas price. Confirm the transaction.

This process will create a new transaction that will replace the pending transaction and speed it up. 

You will see a message like “Transaction Replaced” or “Transaction Dropped and Replaced” on the blockchain explorer.

Meanwhile, if the transaction you are trying to speed up is a smart contract transaction, such as a token send or swap, you need to make sure that the Transaction Data field is properly filled up. 

You can copy the transaction data from the original transaction and paste it on the new transaction.

Conclusion on How to Cancel Pending Transaction on Trust Wallet in 2024

In this blog post, we have explained how to cancel pending transaction on Trust Wallet in 2024, and what are the alternatives if you cannot cancel it. 

We have also discussed the reasons why a transaction can be stuck in a pending state, and how to check the status of your transaction on a blockchain explorer. 

We hope that this guide has been helpful and informative for you. Don’t forget to share.

If you have any questions or feedback, please feel free to leave a comment below.

FAQs about How to Cancel Pending Transaction on Trust Wallet in 2024

What is the difference between gas price and gas limit?

Gas price is the amount of ether (ETH) you are willing to pay for each unit of gas, which is the measure of computational effort required to execute a transaction. 

Gas limit is the maximum amount of gas you are willing to spend on a transaction. The total transaction fee is calculated by multiplying the gas price and the gas limit.

How can I estimate the optimal gas price for my transaction?

You can use a tool like ETH Gas Station or BSC Gas Station to check the current gas prices and the average confirmation time for different gas prices. 

You can also use the Gas Price Calculator on Trust Wallet to estimate the gas price based on your desired confirmation time.

What happens if I set a low gas price or a low gas limit?

If you set a low gas price, your transaction will take longer to be confirmed, or it may never be confirmed at all.

 If you set a low gas limit, your transaction may run out of gas and fail. In both cases, you will lose the gas fees that you have paid.

What happens if I set a high gas price or a high gas limit?

If you set a high gas price, your transaction will be confirmed faster, but you will pay more gas fees. 

If you set a high gas limit, your transaction will have more gas to execute, but you will only pay for the gas that is actually used. The unused gas will be refunded to you.

Can I cancel a pending transaction on Trust Wallet without sending a new transaction?

No, you cannot cancel a pending transaction on Trust Wallet without sending a new transaction.

The only way to cancel a pending transaction is to override it with a new transaction with the same nonce and a higher gas price.

Can I cancel a pending transaction on Trust Wallet after it has been confirmed?

No, you cannot cancel a pending transaction on Trust Wallet after it has been confirmed. Once a transaction is confirmed, it is irreversible and cannot be canceled or modified.