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Author Topic: Withdrwal issue with myetherwallet  (Read 161 times)
sheenshane
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February 21, 2022, 11:46:23 PM
 #21

I am trying to withdraw the USDT in myetherwallet but everytime when I send transaction to my Binance USDT ERC 20 address then only the ETH gas fee gets deducted and USDT is not transferred. Any idea what's going wrong ?
I have experienced this problem because you've used a lower fee than the required gas fee to the ETH network.

To avoid this problem in the future here is the link that might help you to avoid it next time.
It seems wasting your gas fee if you force to transact even if lower than the required amount.
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February 22, 2022, 03:21:32 PM
 #22

it usually happens because the gas fee is too low. I've done that too. do a manual setting of the gas fee, with the hope that the fee I spend is small, and the transaction can occur. however, because of this, my fee was deducted, but my transaction failed. That's why people sometimes suggest using the recommended fee, even though the lowest one is quite expensive. however, it is better to pay a little more, but the transaction is successful, than unsuccessful. well, it can be a lesson for the next transaction. if you want your transaction to be cheap, wait until the fee goes down.
Some time eth gas is not stable when sending ERC20 coin, first when begin with sending we see example eth gas on https://etherscan.io/gastracker stable on 92 like right now, but few second after our coin sending up drastically will longer process and take few hours for sending completed depend if gas price will drop have chance for transaction completed, but if keep stable high need waiting more than several hours and probably have chance will be failed. Better use faster gas fees when sending coin if looks not stable but if you find with stable gas you can set with normal gas fees.

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lenovop-70
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February 22, 2022, 03:45:27 PM
 #23

Looking at your transaction data above, everything seems to be correct and in their place, the same as my case with MEW a few months ago, I don't know why but everything worked fine when I used Metamask. Maybe what happened to us was a system bug from MEW, I don't really understand, what I understand is, no one can compensate me for the lost transaction gas fee even though my transaction was not executed properly.
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February 23, 2022, 05:40:23 PM
 #24

Hey folks thank you everyone for helping me out I have figured out what was wrong with the transaction it was actually the gas fee when I used to initiate the transaction I had enough balance to pay the gas fee but the gas we tends to increase at the time of transaction so once I click the send button gas fee just to increase as a result it will leave me with insufficient amount to pay the gas fee thus my transaction will not go through and I'll end up losing the amount which I have committed for the gas free. Now it's sorted i have made the transaction.









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