How do I set Ethereum and ERC20 custom transaction fees?
Everything you need to know about setting Ethereum and ERC20 custom transaction fees inside of Exodus.
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In this article:
- How do I set custom Ethereum network fees?
- What should I do if my Ethereum or ERC20 transaction is stuck?
How do I set custom Ethereum network fees?
Note that the custom fee you choose is the maximum fee that you might pay. In many cases, the gas for your transaction will cost less than the fee chosen, and any extra ETH will be returned to your wallet.
Mobile
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- In Exodus Mobile, navigate to your Ethereum (ETH) or ERC20 wallet, then tap on the Settings icon in the top right corner.
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- Toggle on Custom Fees.
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- Tap on the Send icon.
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- a) Enter the amount you wish to send, and b) tap Enter.
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- Tap on Advanced.
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- a) Slide the slider to the left to pay a lower fee (will confirm slower).
- b) Slide the slider to the right to pay a higher fee (will confirm faster).
- c) Tap the pencil icon to manually input a custom fee.
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Desktop
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- In Exodus Desktop, navigate to your Ethereum (ETH) or ERC20 wallet, then click Send.
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- Click Show Advanced in the top left corner to enable the advanced sending options.
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- a) Slide the slider to the left to pay a lower fee (will confirm slower).
- b) Slide the slider to the right to pay a higher fee (will confirm faster).
- c) Click the pencil icon to manually input a custom fee.
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Web3 Wallet
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- In Exodus Web3, navigate to your Ethereum (ETH) or ERC20 wallet, then click Send.
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- a) Paste in the address you want to send the funds to, then enter the amount you wish to send. To set a custom fee, b) click on the arrow next to Estimated Network Fee.
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- a) Use the slider to set your custom fee, then b) click Confirm. Note that a lower transaction fee will take longer to confirm, and if the fee is too low your transaction could get stuck. A transaction with a higher fee will confirm faster.
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- After you have set your custom fee, you can send your transaction. For more information about how to send crypto, visit: How do I send crypto on Web3 Wallet?
What should I do if my Ethereum or ERC20 transaction is stuck?
If you set your custom transaction fee too low, your transaction might take a long time to confirm or get stuck pending.
Don't worry! Exodus has a feature to accelerate stuck transactions.
In order to accelerate your pending transaction, it needs to have been sent with RBF enabled (custom fees turned on). If the transaction was sent while custom fees were disabled, you won't be able to accelerate it.
You'll need some ETH in your wallet to pay the extra transaction fee. Keep in mind that accelerating a transaction can be more expensive than a regular transaction fee.
Mobile
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- In your Ethereum or ERC20 wallet, tap on the transaction that is stuck pending.
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- Tap Accelerate.
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- You will see the amount of ETH needed to accelerate your transaction. To proceed, tap Confirm.
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Desktop
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- In your Ethereum (ETH) or ERC20 wallet, click on the transaction that is stuck pending.
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- You can pay a higher transaction fee to resend your stuck transaction. This fee will be deducted from your ETH balance as soon as you click Accelerate. If you would like to proceed, click Accelerate.
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Web3 Wallet
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- In your Ethereum (ETH) or ERC20 wallet, click on the transaction that is stuck pending.
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- Click Accelerate.
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- You will see the amount in ETH needed to accelerate your transaction. To proceed, click Confirm.
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Exodus is not affiliated with any third-party platforms, external links, or any other third-party resources mentioned in this article. As such, Exodus cannot guarantee the performance of third-party products or services, or that the steps shown and the information provided will always be accurate.