01What
Removes one of your open orders from the exchange, freeing the funds and the reserve it was locking.
02Why you'd use it
Prices move. An order you placed last week at last week's price is a standing invitation to take your money — cancel stale offers.
03How
- 1Find the offer's sequence number with Account Offers (the seq field).
- 2Enter it as Offer Sequence.
- 3Submit and confirm tesSUCCESS — the 0.2 XRP reserve the offer locked is released.
Watch out
- Cancelling an offer that already filled or never existed still succeeds with tesSUCCESS — the ledger treats it as 'make sure this offer is gone'.
- You can only cancel your own offers.
- A cheaper trick: creating a new offer can cancel-and-replace an old one in a single transaction (the OfferSequence field) — the AI builder can generate that for you.
For example
You placed an offer selling XRP at 0.45 USD before the price rose to 0.55. You look up its sequence number, cancel it, and re-list at the new market price — losing nothing but two tiny fees.