Yes, if the order has not been finalised yet (they are still active). If you wish to cancel your order/purchase go to "Orders", then you can either click on Cancel all or if you wish to cancel an individual order, click on the arrow next to the order you wish to cancel:

Click on Cancel Order to finalise your cancellation:

The status of your order will be changed from "Active" to "Cancelled":

All confirmed transactions of any kind on platform are final and irreversible.