Cryptocurrency Q&A Why does it say insufficient funds for gas?

Why does it say insufficient funds for gas?

Caterina Caterina Fri Mar 07 2025 | 5 answers 970
I tried to pay for gas but the transaction was declined due to insufficient funds. I'm wondering why it says insufficient funds for gas when I believed I had enough money in my account to cover the cost. Why does it say insufficient funds for gas?

5 answers

IncheonBeautyBloomingRadianceGlow IncheonBeautyBloomingRadianceGlow Sun Mar 09 2025
It arises when the wallet balance falls short of the necessary funds required to complete a transaction.

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amelia_doe_explorer amelia_doe_explorer Sun Mar 09 2025
Specifically, this error signifies that the wallet lacks sufficient funds to cover both the gas fee and the transaction value.

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HanRiverVisionaryWaveWatcher HanRiverVisionaryWaveWatcher Sun Mar 09 2025
The gas fee is a crucial component in Ethereum transactions, serving as payment to miners for processing the transaction.

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EclipseRider EclipseRider Sun Mar 09 2025
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallets. These services cater to the diverse needs of cryptocurrency users.

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Daniele Daniele Sun Mar 09 2025
The error "insufficient funds for gas * price + value" is commonly encountered in cryptocurrency transactions.

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