What does the "insufficient funds for gas * price + value" error mean when using the EstimateGas function? (2024)

FAQs

What does "insufficient funds for gas" mean? ›

The "insufficient funds for gas * price + value" error typically occurs when there are not enough funds available in a wallet to cover the gas fee required for a transaction. This error message indicates that the wallet's balance is insufficient to pay for both the gas cost and the transaction value.

Why I am getting an "insufficient funds" error? ​ This means you do not have enough of the network's native token to cover gas fees. Generally, across EVM-compatible networks, each transaction (including token and contract transactions) requires gas, the price of which is changeable.

If you're getting an error like “Insufficient ETH for gas fee” or “Insufficient funds for gas” while trying to confirm a transaction, you most likely do not have enough ETH in your wallet to pay for the transaction fees.

The "insufficient funds" error

In other words, what you are trying to buy costs more than what you have in your bank account. Solution: Refill the funds on your bank account in order to fix this error.

1. If you have recently funded your account, it's possible that the funds did not fully clear into the account when you attempted to make a payment. 2. If you are using overdraft or credit facilities on your account.

Non-sufficient funds, or insufficient funds, is a banking term used to indicate that the checking account does not have sufficient balance to cover a transaction or payment. Having a non-sufficient funds situation can lead to penalties, a bad impact on one's credit score, and a criminal liability.

Out of gas is an error that occurs when the gas limit was set too low. Please read the below article for a better understanding of the gas limit: https://ethgasstation.info/blog/gas-limit/. You can retry the transaction, but this time please use advanced gas controls to set the gas limit to a higher value.

Click on the fee, and a menu will appear with a slider, and another option to click on 'Advanced Options'. The slider lets you pick between three options that describe how much gas you want to pay: 'Low' involves paying less for gas, and most likely waiting longer for your transaction to complete.

of a quantity not able to fulfill a need or requirement. “insufficient funds” synonyms: deficient. meager, meagerly, meagre, scrimpy, stingy. deficient in amount or quality or extent.

Why am I getting charged for insufficient funds? ›

An insufficient funds fee (sometimes referred to as a non-sufficient funds fee or NSF fee) can occur when you don't have enough money in your checking (spending) account to cover the entire transaction. Most financial institutions will reject the transaction and charge a fee.

What is an Insufficient Balance Error? Insufficient Balance errors indicate that some outgoing transactions (e.g. sell, trade, transfer) are missing basis from an incoming transaction (e.g. investment, gift, income). This is typically due to a missing transaction(s).

The error is from RPC, you account has a balance of 0.0104, and the gas it requires to execute the transaction is 0.014, hence it's giving the error.

If you are getting the error that looks like this: “Not enough ETH to send”, it means you do not have enough ETH in your account to cover the cost of gas.

This error means that the funds available in your wallet are lower than the recommended bitcoin miner fee level for getting a transaction added to the Bitcoin blockchain ("confirmed"). You still have access to your money, but it is not possible with your current settings to send the funds to another bitcoin address.

Non-sufficient funds, or insufficient funds, is a banking term used to indicate that the checking account does not have sufficient balance to cover a transaction or payment. Having a non-sufficient funds situation can lead to penalties, a bad impact on one's credit score, and a criminal liability.

If you run out of gas and have no money, you can walk to a nearby gas station and ask for assistance. Some gas stations may offer to help or provide you with a small amount of gas to get you to a nearby location where you can purchase more.

Non-sufficient funds (NSF), or insufficient funds, is the status of a checking account that does not have enough money to cover all transactions.

If the gas limit is set too low, the transaction will fail, and if the gas price is set too low, the transaction can be stuck pending for an indefinite amount of time.