How to Cancel Trezor Wallet

Canceling transactions with Trezor Wallet is not possible once they have been broadcast to the blockchain. However, there are some strategies to manage pending or stuck transactions:

Transactions made with Trezor Suite cannot be canceled or reversed once they have been broadcast to the network. It is crucial to carefully review transaction details before sending them, as cryptocurrency transactions are final and irreversible.

For Ethereum transactions, you can use the "Bump Fee" feature in Trezor Suite to speed up transactions by increasing the gas fee. However, this does not cancel the transaction but replaces it with a new one having a higher fee. To do this:

• Open Trezor Suite and locate the pending Ethereum transaction.
• Click on the "Bump Fee" option to increase the gas fee.
• Confirm the new fee on your Trezor device.

If you need to cancel an Ethereum transaction that is stuck, you might use third-party wallets like MetaMask to send a new transaction with the same nonce but a higher gas price, effectively overriding the previous transaction. However, this requires having enough Ethereum to cover the new transaction costs.

For Bitcoin transactions, you can use the "Replace-by-Fee" (RBF) feature if enabled, which allows you to increase the transaction fee to speed up confirmation. However, this does not cancel the transaction but replaces it with a new one having a higher fee.

In summary, while you cannot directly cancel transactions with Trezor, you can manage pending transactions by adjusting fees or using third-party tools for specific scenarios. Always ensure you have sufficient funds to cover any additional transaction costs.