Why Does Phantom Display "Not Enough Funds" When Making a Transaction?

When using the Phantom wallet, you may encounter errors indicating insufficient funds for transaction fees. These errors are specific to the blockchain network you're interacting with.

It's important to note that even if you have enough of other tokens (like USDC, USDT, etc.), transaction fees can only be paid using the native token of the network.

"Not Enough SOL"

  • "Not Enough SOL" error occurs when you don't have enough SOL (Solana) in your wallet to cover the transaction fees. On the Solana blockchain, transaction fees are paid using SOL.
  • Ensure you have at least 0.05 SOL to cover the transaction fees. You can purchase SOL from within the app or receive it from an exchange and transfer it to your Phantom wallet.

"Not Enough MATIC"

  • "Not Enough MATIC" error indicates that you do not have enough MATIC in your wallet to cover the transaction fees on the Polygon network. Polygon requires MATIC to pay for gas fees.
  • Make sure you have enough MATIC to cover the transaction fees.
  • Purchase MATIC from within Phantom or from an exchange and transfer it to your wallet.
  • With sufficient MATIC, try your transaction again.

"Not Enough ETH"

  • "Not Enough ETH" error means you do not have enough ETH (Ethereum) in your wallet to cover the gas fees for transactions on the Ethereum network.
  • Ensure you have enough ETH to cover the gas fees. The amount needed can vary based on network congestion and the complexity of your transaction.
  • Use a Gas Fee Estimator to determine how much : Tools like [Etherscan Gas Tracker](https://etherscan.io/gastracker) can help you estimate the current gas prices.
  • Once you have sufficient ETH, you can proceed with your transaction.

 

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