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How to speed up a stuck Bitcoin (BTC) transactioniconsinmed.org � Can-we-stop-or-cancel-an-unconfirmed-bitcoin-transacti. Can I cancel a cryptocurrency transaction? Due to the nature of digital currency protocols, transactions cannot be cancelled or altered once they are initiated. Coin deposits cannot be canceled or reversed. You are able to cancel a BTC withdrawal request to an external address under Account Funding/W.