I placed an offer to buy bitcoins, someone accepted but the deposit transaction was not confirmed in 5 days. On the sixth day I asked to cancel the trade, as it had taken too long and I couldn’t wait any longer. The moderator did not respond, and on the seventh day the deposit was confirmed. I had already given up on the fifth day and asked the moderator to cancel. Am I required to pay the trade? Can the moderator force me to pay or should he comply with my cancellation request?
I read in a post that any trader can request a cancellation until the deposit transaction is confirmed.
"If you open a dispute or it takes too long for you and prefer to not continue the trade but cancel it, you can open a dispute. Tell the arbitrator the tx is not confirmed and if one of the traders prefer to cancel the trade the arbitrator will close the case so the seller gets back his BTC and both get back their deposit. "