Why is my available balance less than my wallet balance?
Your available balance is different from your total balance because blockchain transactions require some fees to be paid to the network in order to include your transaction on the blockchain. You can think of your available balance as the maximum amount you can send, once transaction fees are subtracted from your total balance.
In this Article:
What does available balance mean?
When you send or exchange assets using our in app exchange feature within Exodus, you can at maximum send only your available balance. This balance can be different than your wallet balance for the following reasons:
- The available balance subtracts network fees required to send a transaction. For example, if you have $50 USD in Bitcoin, and the fee for sending it is $0.5 USD, you will see $49.5 USD as the available balance. Fees are paid to individual networks (Bitcoin, Ethereum, etc.) to deliver transactions - they are not kept by Exodus.
- Unconfirmed transactions are marked with a PENDING tag in the transaction list. Pending deposits cannot be spent until they are confirmed.
Something important to keep in mind is that Exodus will automatically calculate and set the fees.
While transaction fees for most Blockchain Networks are negligible and very close to $0.01 USD, Bitcoin and Ethereum/ERC20 fees can be much higher than that because these networks are very popular (and sometimes congested).
If you would like to set your own fees for Bitcoin or Ethereum then please check out these articles:
Let's see a real-life example
In this example, there is 0.16737503 BTC in this Bitcoin wallet:
However, the most that this wallet could send would be 0.1672493 BTC, since the network fee would deduct 0.0001258 BTC from the total balance to determine the available balance: