5/17/2023 0 Comments Eth transaction fee![]() For a single transaction or a batch of simple transactions like when you open a Maker Vault, this is basically all you need to know. However, you can also check current gas prices and put in a custom gas amount (this can be smart if gas prices are rapidly increasing). In MetaMask, for example, you typically just have to stick with “normal” or “fast,” and this is going to be enough to account for any changes in gas prices. You avoid this by making sure you pay high enough gas fees upfront. Not paying enough gas: Transactions failing because you didn’t pay enough for the transaction is easy to avoid in most situations. I suggest a slippage of at least 3% (but as high as 15% for illiquid pairs) and ‘fast gas’ or custom gas if using MetaMask (or the equivalent if not check current gas prices to see how much gas is needed right now). ![]() If you are getting failed transactions, you either need to add more gas by customizing gas before you start the transaction ( you can also “speed up” a transaction by paying more later, for example, click “speed up” in MetaMask) and/or, if you are trading on a DEX, you need to increase slippage (done in settings on DEXs like Uniswap, SuhiSwap, etc.). If your transaction failed on UniSwap or another DEX during a trade, it’s probably a slippage issue. If an approval or simple transaction failed, it is probably a gas issue. The Two Main reasons For Failed Transactions: Slippage and Not Adding Enough Gas TIP: The transaction fee you pay on the Ethereum network is called “gas” (gas is a small amount of ETH paid for Ethereum transactions measured in units of ETH called GWEI). So, you are paying for that regardless of whether your transaction goes through. You are still charged for failed transactions because miners need to confirm transactions to the chain whether they succeed or fail. Transactions fail when there isn’t enough gas to pay for a transaction, or when a smart contract rejects a transaction. When a transaction fails on the Ethereum network, you are still charged. ![]() Why ETH Transactions Fail and What to do About it All referral links are checked regularly. Our referral partner,, provides referral links for exchanges prohibited in the US. Trade Bitcoin for Free, use leverage, and get all current welcome bonuses at Bybit with referral code CCFsignup. Save 10% on BitMEX Fees with referral code 7rnV63. Save 20% on OKX Fees with referral code CCFACTS. Get $10 free when you sign up for Bittrex with referral code ZLW-SG3-HUE. Save up to 10% on fees at GMX with referral code CCFacts. Get $10 in Bitcoin after you buy or sell $100 with our Coinbase referral link. See a review of the Binance referral program. You can also save an additional 25% by using BNB to trade. Save 10% on Binance Trading Fees with referral code IX44CLLS: Use our referral link to sign up for Binance and save 10% on trading fees for life. Binance has staking and offers a high APY! Plus get a $10 welcome bonus and 25% off trading fees by using BNB to trade. Trade Bitcoin For Free at Binance.US with our Referral Link: Trade Bitcoin for free for a limited time on Binance.US.
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