Unable to transfer USDT off my wallet - Help needed

[pauhegunor]

UPDATE Number 4

I have now purchased ETH on another app, transfered it over to try get my Crypto out of the APP

and every time it keeps failing but it wants an extortionate amount of network fees of 15$ to 25$ just to transfer off $129 !?!?!?!?!?!

[iamdeadlyz]

Hi @pauhegunor,

Please be informed that Trust Wallet is not the one who is charging those fees. The ETH gas fees goes directly to the miners. Learn more about gas fees here:

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Introduction With Trust Wallet, you can send your funds anywhere they are supported. In principle, a small fee will always be required in one form or another before you can make transactions. Trust Wallet does not charge any fees, this is mandated by the blockchain or the network where a token resides. On the Ethereum network, for a transaction to go through, miners need to approve it. What is an ETH gas fee? The term gas refers to the pricing mechanism used on the Ethereum network. Such…

Regarding the expensive fees, there is an influx of transactions in the Ethereum blockchain, hence, the miners raised their requirements so they can confirm the transaction. More details here:

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More Transactions = Higher Fees Ethereum (ETH) transaction fees increase when the network is busier. This is caused by more people making transactions like sending tokens, trading on DEXes or depositing their assets to lending platforms. A recent tweet by WeissCrypto states that: https://twitter.com/WeissCrypto/status/1262769670664400896 According to this post, “The average fee per transaction on Ethereum reached $6.04 Wednesday night (August 12), according to Blockchair, the highest fees …

To better assist, please provide us the following information:

1. Trust Wallet app version (open the app, go to the settings of the app and press “About”, take a screenshot, and attach it here)
2. ETH address
3. Transaction hash or link

[pauhegunor]

Thanks for the reply, I understand it goes to the miners. Are these the SS you are after.
this one is still pending but this is the 3rd time i have tried as it has failed every other time.

[iamdeadlyz]

Please copy the transaction hash (the one in the screenshot) and send it here

[pauhegunor]

0x559d4b067d7c8f38ff79023fbebc68e36495de13104b125c5d71ca30e86ea100

[iamdeadlyz]

Looks like you don’t have any failed transactions. How did you determine that it failed? https://etherscan.io/address/0xc583fac549f063443d5ba99e96a7bd7eeaa68e74

You have one pending tx now, which is this one: https://etherscan.io/tx/0x559d4b067d7c8f38ff79023fbebc68e36495de13104b125c5d71ca30e86ea100.

Since you used a low gas price, it will take time for the transaction to be confirmed. Learn more here:

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Why is my Transaction Pending? Since miners collect gas fees paid by the sender, they usually look for transactions with the highest gas price to approve first. That is why lower gas price transactions take longer to process. In a pool of many transactions, some transactions with the lowest gas prices never get picked up - miners are not willing to process them. It results in them getting “stuck” in a pending status. [image] Note: Pending transactions can also appear on your wallet, but …

[pauhegunor]

I initiated the transaction 3 times, this is the 3rd time i have had to start the transaction as where is says Pending Transaction, it changed to Failed and text Changed to red and i had to process it again.

[pauhegunor]

Thanks for your help, aprechiated but hopefully this one wont fail and it will be done in the morning, but its just annoying that it cost me 50$ to try get this transfered back out the wallet to the exchange and this one is still going.

[iamdeadlyz]

@pauhegunor

I initiated the transaction 3 times, this is the 3rd time i have had to start the transaction as where is says Pending Transaction, it changed to Failed and text Changed to red and i had to process it again.

It is likely an internet connection issue, as there were no transactions that were broadcasted and returned failed.

@pauhegunor

hopefully this one wont fail and it will be done in the morning, but its just annoying that it cost me 50$ to try get this transfered back out the wallet to the exchange and this one is still going.

As long as you didn’t change the gas limit, this tx won’t fail. It will just take a lot of time to be confirmed since the gwei right now is 90+ (https://www.gasnow.org/). And yes, I can relate to you. Currently, the gas fees are expensive and it’s indeed annoying. Hopefully, this lowers sooner or later.

[pauhegunor]

still pending, 14hrs on a 10$ network fee, it only cost 9$ to transfer it to the wallet and it was done in under 5 minutes, The transaction is nolonger showing up on the app now it has taken that long but is still in the networking pending.

The DEV responce on the app store, they didnt even gove a damn about the problems i am having.

They just said its a network fee that goes to the miners, NO S*** Terrible support so far.

[iamdeadlyz]

I sympathize with you, @pauhegunor. However, Trust Wallet is not the one in charge of confirming this transaction. Here is another explanation that could help you understand further:

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Why is my Transaction Pending? Since miners collect gas fees paid by the sender, they usually look for transactions with the highest gas price to approve first. That is why lower gas price transactions take longer to process. In a pool of many transactions, some transactions with the lowest gas prices never get picked up - miners are not willing to process them. It results in them getting “stuck” in a pending status. [image] Note: Pending transactions can also appear on your wallet, but …

[pauhegunor]

Yeah but if you look at it from my perspective.

I did a transfer to trust wallet the process completes in less than 5 minutes at a 9$ fee
I do a 2nd transaction and its a 9$ fee and its less than 5 minutes.

I have tried 4 times now to take my money off this platform.

1 transaction has dropped at $10.24 because it went on for 1 day and 12 hrs
another transaction has been going now for 10 hrs when it said it should take 1 hr at $11.71, so yeah i think this one will drop also.

I think the platform has something to do with it.

Kinda suspicious how i can get instant transfers to trust wallet at $9 AT BUSY TIMES but its impossible to get my money off the platform at $11

and kinds suspicious how Trust wallet also Auto sets the Gass Price to $25 to $30 every time for a $130 transfer and if you lower it, it wont go through.

Checking the Gas Price as we speak.

Help explain this to me checking gasnow it says 100 Gwei is about $4 how does it say $14.54 on Trust wallet when i set it to 100 Gwei!?

200 is about $8 max on gasnow but when i set it on Trustwallet its $29!?

[claudio]

Sorry, but you need to understand that transferring ETH is a simple transfer and the cost is lower than a token (like USDT) transfer that requires a smartcontract call (for the token contract).

You can try for yourself (don’t need to really send - just look at the fees before confirming).

Right now:

• transfer ETH: $7.80
• transfer USDT: $20.03

Does this explain to you why transfer IN ETH and transfer OUT USDT are so different in terms of gas?

[pauhegunor]

I’m not talking about sending out ETH I’m talking about sending out USDT

So why was Trust Wallet charging 20$ to 30$ to send out $129 USDT When it only cost 9$ USDT to send 129 USDT to the wallet and it was on more or less the same time on the network

Every time I try to send it out from Trust Wallet it is extremely high, even when I check gasnow and its average is about 100/120 gwei, you set the gas charge on your app to about 20$ to 30$ but gasnow states 4$ to5$

Only when sending out from trust wallet the gas charge is extremely high even when the gasnow price is showing low?

Using Trust wallet it shows High $$$ cost but using other apps it shows low $$$ cost!?

[iamdeadlyz]

@pauhegunor

So why was Trust Wallet charging 20$ to 30$ to send out $129 USDT When it only cost 9$ USDT to send 129 USDT to the wallet and it was on more or less the same time on the network

Please be informed that Trust Wallet is not the one that is charging these network fees. It goes directly to the miners. And no, it didn’t cost 9 USDT for network fees, to receive 129 USDT. It was worth $21.15.

You used a centralized exchange where the withdrawal fees are fixed. Trust Wallet is not a centralized exchange, so you have to abide by the network fees.

@pauhegunor

Every time I try to send it out from Trust Wallet it is extremely high, even when I check gasnow and its average is about 100/120 gwei, you set the gas charge on your app to about 20$ to 30$ but gasnow states 4$ to5$

Only when sending out from trust wallet the gas charge is extremely high even when the gasnow price is showing low?

Using Trust wallet it shows High $$$ cost but using other apps it shows low $$$ cost!?

You have to learn more about how ETH gas works. Sure, gasnow shows a different $, however, you have to take into consideration the gas limit. The usual gas limit for transferring USDT to another address is 84,313. Calculate (https://ethgasstation.info/calculatorTxV.php) it with the current gwei and you’ll get the maximum $ that you will spend.

[pauhegunor]

I am trying to understand but something looks shady to me…

I set my Gwei price to 120
Gas limit 84313
Actual Gas used 41209

Due to slight fluctuation, thats roughly what it showed in your app yesterday, Image below shows max gas and the Gwei price.

I was happy to pay the 17$ in the end just to get my money out of the app with all the hastle, but why was $25 taken out of my ETH wallet. after i set the price to 17$ max

Below SS is of the actual transaction. gas used only 48% of the gass was used that shows $8.65 but the full 17$ was taken + close to an extra 10$, I had about 32$ of eth and after the transaction i had 6$ left

What happened to atleast the other 10$ as my price was set to 120 around $17$

[iamdeadlyz]

@pauhegunor

What happened to atleast the other 10$ as my price was set to 120 around $17$

Those weren’t charged. You only used 48% of the gas limit. You still have the ETH in your wallet. Think of the initial $ that you have seen earlier as the maximum amount that you are going to spend.

[pauhegunor]

I WAS CHARGED 25$! I will repeat myself a few times in this post

I had 30 USD to 32 USD worth of ETH on MY ACCOUNT! (Depending on the slight fluctuation)

I sent $129 USDT out of my wallet

I set the Gwei to 120 ($17 usd of ETH to use max)

Only 48% of the charge was used $8.65

After the 129$ was sent out of my account $25 was subtracted from my ETH balance

I was left with about 6.5 USD woth of ETH on my account.

I then transfered the about 2.5$ off my account for about 3$

32 - 8.65 = 23.35

I was left with about 6.5 USD of ETH on my account after the 129 USDT was sent

even if the full 100% of gass was charged ( thats 32$ - 17$ = 15$)

I was left with 6.5$ on my account after the transaction

That means 25$ (roughly) of ETH was subtracted from my account after 129 USDT was sent out, how was i left with only 6.5 USD worth of ETH after the transaction on my account

I actually only had 6.5 USD worth ETH on my account after the money was sent out

Where did the other $$$ go if you say it only took $8.86

30 - 8.65 = 21
30 - 17 = 13

or

32 - 8.65 = 23
32 - 17 = 15

How did i only end up with 6.5 USD worth of ETH?!!?!?!?

This is basic math, is there another transaction fee that you take or another transaction fee that i am now aware of?

[iamdeadlyz]

@pauhegunor

is there another transaction fee that you take or another transaction fee that i am now aware of?

You forgot to take into account the failed transaction: https://etherscan.io/tx/0xfcb4502e2376b96b91e3467473708a4fdbe78ba89fa80307821b07d71ca2a4f8

So you spent a total of 0.01506264 ETH fees for these two transactions.