Error: Cannot send due to insufficient funds
Last updated: April 1st, 2019
If you are getting the error,
"WARNING: Your ether or token balance isn't high enough to complete this transaction. Please send more funds or switch to a different wallet.", it means you do not have enough ETH in your account to cover the cost of gas.
Each transaction (including token and contract transactions) requires gas, and that gas is paid in ETH. You can think of this as a transaction fee.
Send 0.01 ETH to that public address in order to be able to make the transaction.
A standard transaction (TX) will be
21000 gas at a gas price of
0.00000002 ETH, so the total TX fee will be
0.00042 ETH. Sending tokens typically costs
50000 gas - 100000 gas, so the total TX fee increases to
0.001 ETH - 0.002 ETH.
The number displayed in that error message is the amount required to cover the cost of the TX in Wei. Take that number and divide by
1000000000000000000. This will give you the amount of Ether you need to send to that account and make the transaction.