Why is my available balance less than my wallet balance?
Everything you need to know about why your available balance is different than your total balance.
In this article:
- Tutorial video: Why is my available balance less than my wallet balance?
- What does available balance mean?
- What does this look like for Bitcoin (BTC)?
- What does this look like for XRP (XRP)?
- What does this look like for Polkadot (DOT)?
- Which assets have minimum balances?
Tutorial video: Why is my available balance less than my wallet balance?
What does available balance mean?
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.
When you send or exchange assets using our in-app exchange feature within Exodus, you can only send 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.
- Your available balance will also subtract any reserve requirements set by the asset's network, such as the minimum balance for XRP (XRP) and Polkadot (DOT).
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:
What does this look like for Bitcoin?
In this example, there is 0.02701926 BTC in this Bitcoin wallet. However, the most that this wallet could send would be 0.02697574 BTC, since the network fee would deduct 0.0000408 BTC from the total balance to determine the available balance.
What does this look like for XRP (XRP)?
XRP is a special asset in the sense that the XRP Ledger enforces minimum reserve requirements. In order to remain compliant with these reserve requirements, Exodus has set the minimum balance requirement to 10 XRP.
Let's take a look at how this minimum balance rule affects available XRP balances:
Here, we can see that there is currently 66.856732 XRP in the wallet, as shown in the image below:
However, the most this wallet can send is 56.851732 XRP, after taking into account the 10 XRP minimum balance rule, and the 0.005 XRP network fee.
What does this look like for Polkadot (DOT)?
DOT is another special asset in the sense that the Polkadot Network enforces reserve requirements as well. Currently, all DOT holders are required to have at least 1 DOT in order for their addresses to remain active.
Let's take a look at how the minimum balance rule affects available DOT balances:
In the example below, we can see there's currently 2.7616279 DOT in the wallet.
However, the most this wallet can send is 1.72162786 after taking into account the minimum balance rule of 1 DOT, as well as the transaction fee of 0.02 DOT.
Which assets have minimum balances?
|Asset||Minimum balance||Learn more|
|Algorand (ALGO)||0.1 ALGO|| Algorand FAQs - Learn more about ALGO
|Cosmos (ATOM)||0.0595 ATOM*|| Staking Cosmos FAQs
|Lisk (LSK)||0.05 LSK|| Lisk FAQs - Learn more about LSK
|Polkadot (DOT)||1 DOT|| Polkadot FAQs - Learn more about DOT
|XRP (XRP)||10 XRP|| XRP FAQs - Learn more about XRP
|Solana (SOL)||0.01 SOL|| Solana FAQs - Learn more about SOL
|Stellar (XLM)||1 XLM|| Stellar FAQs - Learn more about XLM
|Tezos (XTZ)||0.275 XTZ|| Tezos FAQs - Learn more about XTZ
*Only when there is a staked balance.