Pending Transactions on Polygon and QuickSwap & How to Surpass Them (2024)

FAQs

How do I override or cancel a pending Polygon transaction? ›

If your transaction is stuck on 'pending,' you can manually resubmit that transaction to the Polygon network. When you do so, you're effectively replacing your previously submitted transaction with a new transaction.

Transaction confirmation time

If your transaction has been pending for a few minutes and has not progressed, it is likely that you are submitting it during a period of high network demand. This usually indicates that you have not included a sufficient gas fee to process your transaction promptly.

A Polygon transaction only costs a fraction of a dollar. Regarding transaction speed, the average Ethereum transaction takes between 15 seconds and five minutes, while the Polygon network achieves transaction finality in just 2–3 seconds on average.

The trick to “cancel” your pending transaction is by replacing the transaction with another 0 MATIC transaction with a higher gas fee sending to yourself with the same nonce as the pending transaction.

How do I stop a pending debit transaction? You can stop a pending debit card transaction by contacting the merchant and canceling the purchase. Or you can try contacting your bank if you don't recognize the transaction, you suspect fraud is involved, or the merchant is unresponsive.

It's possible to clear a pending transaction by overwriting the transaction with a transaction that does nothing. This will allow you to move on to your future transactions, while canceling the first one. To do so, simply use your wallet to send yourself 0 Matic with the same nonce and higher GWEI.

Pending transactions occur when a payment has been authorized by your card issuer but hasn't been completed. A pending transaction will affect the amount of credit or funds you have available. Canceling a pending transaction usually requires contacting the merchant who made the charge.

How long do pending transactions take to clear? Many pending charges disappear in around 5 days or less. Though some institutions may have a longer period. It ultimately depends on the type of transaction, the processor settings for the credit card program, and what's stated in your agreement.

Pending transactions are temporary and a normal part of making purchases with a credit card. These charges will eventually resolve on your statement once they have been fully processed by the merchant and your credit card issuer.

Unlike Ethereum, which can only process around 17 transactions per second, Polygon can handle 65,000 transactions per second, a remarkable improvement. Furthermore, the transaction fees on Polygon are much lower, costing only a few pennies compared to Ethereum's average transaction fee of around $15.

How many confirmations does Polygon need? ›

Polygon PoS. Circle's platform requires 372 confirmations for transactions on Polygon PoS before marking them as complete, which takes ~20 minutes. 372 represents 3X the number of confirmations needed to ensure transaction finality beyond a reasonable doubt, based on the largest reorg seen to date.

Polygon Processes 16.5 Million Transactions in 24 Hours Without Failure.

While we cannot cancel or reverse a transaction once it is initiated, we are here to assist you with any questions or concerns you may have. If you encounter any issues or need further clarification, please contact our support team.

Due to the nature of digital currency protocols, transactions cannot be cancelled or altered once they are initiated.

The reason you cannot cancel a cryptocurrency transaction is due to the nature of blockchain technology. The blockchain is a decentralised and distributed ledger that records all the transactions made on the network. Once a transaction is recorded on the blockchain, it cannot be altered or deleted.

While we cannot cancel or reverse a transaction once it is initiated, we are here to assist you with any questions or concerns you may have.

The short answer is no, you cannot cancel a cryptocurrency transaction once it has been initiated. Once you have sent the transaction, it is broadcasted to the network, and the miners start verifying it. After a few minutes, the transaction is confirmed, and it becomes irreversible.