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Transactions

My Transaction Failed. Why Was I Charged?

1 min read

The Ethereum network requires gas to execute transactions. Ether (ETH) is the fuel used for this purpose. When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation. That payment is calculated in gas, and gas is always paid in ETH.

You are paying for the computation, regardless of whether your transaction succeeds or fails. Even if it fails, the miners must validate and execute your transaction, which takes computational power. You must pay for that computation, just like you would pay for a successful transaction.

You can see your transaction fee (gas limit * gas price) in ETH & USD when you search for your transaction on Etherscan.io.

This is not a fee that MyEtherWallet, or any other service provider, receives. This fee is paid to miners for mining transactions, validating them into blocks, and securing the blockchain.

My Transaction Failed. Why Was I Charged?

1 min read

The Ethereum network requires gas to execute transactions. Ether (ETH) is the fuel used for this purpose. When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation. That payment is calculated in gas, and gas is always paid in ETH.

You are paying for the computation, regardless of whether your transaction succeeds or fails. Even if it fails, the miners must validate and execute your transaction, which takes computational power. You must pay for that computation, just like you would pay for a successful transaction.

You can see your transaction fee (gas limit * gas price) in ETH & USD when you search for your transaction on Etherscan.io.

This is not a fee that MyEtherWallet, or any other service provider, receives. This fee is paid to miners for mining transactions, validating them into blocks, and securing the blockchain.

Customer Support

Help Center

Transactions

My Transaction Failed. Why Was I Charged?

1 min read

The Ethereum network requires gas to execute transactions. Ether (ETH) is the fuel used for this purpose. When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation. That payment is calculated in gas, and gas is always paid in ETH.

You are paying for the computation, regardless of whether your transaction succeeds or fails. Even if it fails, the miners must validate and execute your transaction, which takes computational power. You must pay for that computation, just like you would pay for a successful transaction.

You can see your transaction fee (gas limit * gas price) in ETH & USD when you search for your transaction on Etherscan.io.

This is not a fee that MyEtherWallet, or any other service provider, receives. This fee is paid to miners for mining transactions, validating them into blocks, and securing the blockchain.

My Transaction Failed. Why Was I Charged?

1 min read

The Ethereum network requires gas to execute transactions. Ether (ETH) is the fuel used for this purpose. When you send tokens, interact with a contract, send ETH, or do anything else on the blockchain, you must pay for that computation. That payment is calculated in gas, and gas is always paid in ETH.

You are paying for the computation, regardless of whether your transaction succeeds or fails. Even if it fails, the miners must validate and execute your transaction, which takes computational power. You must pay for that computation, just like you would pay for a successful transaction.

You can see your transaction fee (gas limit * gas price) in ETH & USD when you search for your transaction on Etherscan.io.

This is not a fee that MyEtherWallet, or any other service provider, receives. This fee is paid to miners for mining transactions, validating them into blocks, and securing the blockchain.

Customer Support