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I'm trying to buy a cripto kittie that costs 0.0035 ETH which is around 3.14 dollars. I'm using my ether wallet for the transaction and when I set up the Gas Limit I get the following error on Metamask:

Insufficient balance for transactionGas limit set dangerously high. Approving this transaction is likely to fail.

I tried setting Gas Limit to 2100, 1, 2 ,3, 0.5 and I still get the same error.

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I also don't understand where is the 303.04 dollars estimate coming from if the price of the Kittie is 0.0035 ETH. How to calculate Gas Limit I used ethgasstation.info and still I can get the Gas Limit to get this transaction to pass.

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Your price per gas unit is set super high -- 41 Gwei, and the limit is 7,600,027 gas units. 41 * 7,600,027 = 311,601,107 Gwei, or 0.311601107 ETH (which estimates to about $300 USD right now).

You need to lower the price per gas unit and the gas limit. The error message basically says that the transaction will fail because you don't have enough money in the transaction to cover the theoretical max gas used (which is the approx 0.31 ETH figure).

  • I just got it to work by updating metamask but I thought just by adding the Gas Limit on the filed in myetherwallet as shown in the image abouve would transfer that to metamask. The information you provided was very helpful thank you – jimmythechamp Feb 18 '18 at 3:32
  • On the Metamask transaction confirmation screen, you can type in the text field that has the 7,600,027 figure. You can see this text field in your screenshot. – hakusaro Feb 18 '18 at 3:36
  • Even tho the transaction when thru when I check the tx I get the following error: Warning! Error encountered during contract execution [Out of gas] etherscan.io/tx/… When I check in my kitties I still have no kitties. How can I solve this issue? – jimmythechamp Feb 18 '18 at 3:42
  • Again your gas price is way too high. This transaction executed with a gas price of 0.35 Gwei, and used 140895 gas. You need to lower the gas price and raise the limit. – hakusaro Feb 18 '18 at 3:47
  • what should I set the gas price to? – jimmythechamp Feb 18 '18 at 3:53

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