Tag: Gas

Do You Have a Minimum Requirement to Transfer Out of MyCrypto?

There is no minimum to transfer as MyCrypto is not an exchange and has no way of blocking your withdrawals or deposits. The minimum is the…

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What Are the Different Units Used in Ethereum?

When using Ethereum, you may encounter different units, such as Wei and Gwei. In this article, you'll find an explanation of the different…

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What Is Gas?

Ethereum is the network, also known as the blockchain. Ether (ETH) is the fuel for that network. When you send tokens, interact with a…

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Why Is Gas?!

When sending a transaction on the Ethereum network you may be startled by the cost to send said transaction, especially if you are returning…

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How To Know What Gas Limit to Use

If you send a transaction with a gas limit that is too low, you may run into the following error: "Warning! Error encountered during…

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How To Know What Gas Price to Use

The gas price determines how much you pay per unit of gas. A higher gas price will mean that your transaction is confirmed faster, but will…

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Transaction Has a 'Bad Jump Destination' or 'Out of Gas' Error

When a transaction fails due to a Bad jump destination or Out of Gas error, the ETH never actually leaves your address. If you check…

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Gas Required Exceeds Allowance or Always Failing Transaction

This error can occur when interacting with a contract, and means that MyCrypto could not estimate the gas limit for your transaction. This…

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Transaction Failed: Out of Gas

Each transaction (TX) on the Ethereum blockchain (including token and contract transactions) requires gas, which is paid in Ether. You can…

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Transaction Failed: TX Fee Not Refunded

"Why didn't I get my transaction fee (TX Fee) back, even though my transaction failed?" * Ethereum is the network—the blockchain. Ether (ETH…

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Transactions Not Showing Up or Pending Forever

At times, combinations of new users, increased interest, or popular DeFi products can create quite a mess of the transaction pool. This…

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