What are the consequences of having insufficient ETH for network fee on Ledger?

3 answers

• Mar 22, 2022 · 3 years ago
  If you don't have enough ETH to cover the network fee on your Ledger wallet, your transaction will fail. The network fee is required to process and validate transactions on the Ethereum network. Without enough ETH to pay the fee, your transaction will not be included in the blockchain and will not be processed. It's important to ensure you have sufficient ETH in your wallet to cover the network fee before making any transactions.
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• Mar 22, 2022 · 3 years ago
  Having insufficient ETH for the network fee on your Ledger wallet can be frustrating. Your transaction will be stuck in a pending state and will not be confirmed by the network. This means that the funds you were trying to send or the operation you were trying to perform will not be completed until you add enough ETH to cover the fee. It's always a good idea to double-check your wallet balance and make sure you have enough ETH before initiating any transactions.
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• Mar 22, 2022 · 3 years ago
  When you don't have enough ETH for the network fee on your Ledger wallet, you won't be able to complete your transaction. This is because the network fee is necessary to incentivize miners to include your transaction in the Ethereum blockchain. Without the fee, miners have no reason to prioritize your transaction over others. To avoid this issue, make sure you have enough ETH in your wallet to cover the network fee before sending any transactions. If you're using BYDFi, you can easily check your wallet balance and estimate the network fee using their user-friendly interface.
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