What are the best practices to avoid insufficient ETH for network fee on Ledger?

3 answers

• Jan 12, 2022 · 3 years ago
  One of the best practices to avoid insufficient ETH for network fee on Ledger is to always keep a sufficient balance of ETH in your Ledger wallet. Make sure you have enough ETH to cover the transaction fees before initiating any transactions. It's recommended to have a buffer amount of ETH to account for any fluctuations in gas prices. This way, you can ensure that your transactions are processed smoothly without any issues.
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• Jan 12, 2022 · 3 years ago
  Another way to avoid insufficient ETH for network fee on Ledger is to monitor the gas prices on the Ethereum network. Gas prices can vary depending on the network congestion and demand. By keeping an eye on the current gas prices, you can estimate the required amount of ETH for the network fee and adjust your balance accordingly. There are various websites and tools available that provide real-time gas price information.
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• Jan 12, 2022 · 3 years ago
  If you're using BYDFi, a digital currency exchange, you can take advantage of their gas fee estimation feature. BYDFi provides an estimate of the gas fee required for your transaction based on the current network conditions. This can help you ensure that you have enough ETH in your Ledger wallet to cover the network fee. Additionally, BYDFi offers options to customize the gas fee according to your preference, allowing you to optimize the cost and speed of your transactions.
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