What happens if I choose to 'accelerate send' in Coinbase and the transaction fails?

3 answers

• Sofia LAZARJul 09, 2023 · 2 years ago
  If you choose to 'accelerate send' in Coinbase and the transaction fails, don't worry, you won't lose your funds. When a transaction fails, Coinbase will automatically refund the funds back to your account. However, it's important to note that the refund process may take some time, depending on the network congestion and the specific cryptocurrency you're dealing with. To resolve this issue, you can reach out to Coinbase support for further assistance and they will guide you through the refund process.
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• Jvst SoucenboyJul 11, 2022 · 3 years ago
  Accelerating a send in Coinbase is a feature that allows you to speed up the confirmation time of your transaction by paying an additional fee. However, if the transaction fails, the accelerated fee will still be deducted from your account. Don't worry, though, as Coinbase has a fail-safe mechanism in place. In the event of a failed transaction, Coinbase will automatically refund the original amount, including the accelerated fee, back to your account. To ensure a smooth refund process, make sure to double-check the recipient address and network conditions before initiating the transaction.
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• Hyperion LearnerFeb 09, 2021 · 4 years ago
  If you choose to 'accelerate send' in Coinbase and the transaction fails, Coinbase will refund the full amount back to your account, including any additional fees you paid for the acceleration. This is part of Coinbase's commitment to providing a secure and reliable platform for cryptocurrency transactions. However, keep in mind that the refund process may take some time, especially during periods of high network congestion. If you encounter any issues or have concerns about the refund, you can contact Coinbase support for assistance. They will be able to provide you with the necessary guidance and help resolve the issue.
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