1

I constantly get failed transactions when sending out tokens like USDT using metamask. I have my gwei set at 10 and the gas limit at 21000. I even tried gas limit set to 51000 and it still fails. Where can I go to easily calculate what numbers to put to send out my tokens? Obviously metamask isn't calculating this correctly.

Improve this question
7
  • 21,000 is for sending Ether, not anything else. And even with Ether, if the destination address is a contract (rather than an externally-owned account), then it will cost most than 21,000. So in short, the only thing that you can do with 21,000 is transferring Ether to an externally-owned account.
    – goodvibration
    Commented Jul 11, 2019 at 7:35
  • So how would one even know what to set the gas limit to when transfering tokens?
    – Patoshi パトシ
    Commented Jul 11, 2019 at 7:38
  • Just set it to a large enough value (which you are willing to pay in the worst case). Don't worry about gasLimit, you'll get back whatever's not being used (unlike gasPrice, which you will pay in full). The only thing to worry about is if the contract with which you interact performs some wasteful operations (intentionally or unintentionally). The idea about gasLimit is just to protect you from spending more than the maximum that you're willing to.
    – goodvibration
    Commented Jul 11, 2019 at 8:14
  • So what is an appropiate gas price? default is 10 gwei. i set it to 1 and it works, but does it work for others too?
    – Patoshi パトシ
    Commented Jul 11, 2019 at 15:00
  • 1
    No, you only lose whatever gas was spent up until the point where the transfer function has failed (which is typically at the beginning of it, so you hardly pay anything).
    – goodvibration
    Commented Jul 11, 2019 at 17:48

1 Answer 1

Reset to default
1

The solution to sending out tokens is to look at other transactions that are sending the same token from its contract source. From there you can see how much other people are paying and what you should set in the settings. For me, looked at the usdt contract and saw others setting GAS_PRICE to 1 Gwei and gas limit to 400,000. That worked.

Improve this answer

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.