How to Speed Up Ethereum Transactions
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If you've ever used the Ethereum network, you may have experienced delays in transaction confirmation. This occurs when miners prioritize transactions based on the fees users are willing to pay. However, if your Ethereum transaction is stuck due to low gas fees, there are options to accelerate it. In this article, we will guide you through the process using either MetaMask or Trust Wallet.
Why is My Ethereum Transaction Stuck?
During periods of network congestion, transactions on the Ethereum blockchain can become stuck. Ethereum uses a bidding system for transaction fees, where the complexity of your transaction determines the gas cost. The gas price represents the price paid for each unit of gas, and the gas limit is the maximum amount you're willing to pay for a transaction. If your gas price is too low, other users may outbid you, leaving your transaction pending. Until a miner confirms the first transaction, Ethereum won't confirm any subsequent transactions from the same wallet address.
How to Speed Up a Transaction on MetaMask
1. Log in to your MetaMask wallet with the pending transaction. If it's an external wallet, import the address using the seed phrase or private key.
2. Find the pending transaction under the "Activity" tab and click "Speed Up."
3. This process allows you to broadcast your transaction again. Ensure you select a higher gas price by clicking "Fast" and then "Save."
4. If the previous step doesn't work, go to the "Advanced" tab to manually set the gas price. You can check current gas prices and average confirmation times on platforms like Etherscan or EthGasStation.
How to Replace a Transaction on MetaMask
1. Log in to your MetaMask wallet with the pending transaction. Again, if it's an external wallet, import the address using the seed phrase or private key.
2. Under the "Activity" tab, find the pending transaction. Click on it to check the details and note the "Nonce" value.
3. Go to MetaMask "Settings" and click "Advanced."
4. Scroll down and turn on "Customize transaction nonce."
5. Return to the main screen and click on your wallet address to copy it to your clipboard.
6. Click "Send" to create a new transaction and paste your wallet address into the "Add Recipient" field.
7. Send 0 ETH to your own wallet using the nonce of the pending transaction (noted in step 2). Click "Confirm" when ready.
8. Wait for the new transaction to be confirmed, replacing the pending one.
How to Cancel a Transaction with Trust Wallet
1. In the Trust Wallet app, click on the pending transaction and locate the "Nonce" field. Take note of the number.
2. Create a new transaction and enter your wallet address in the "Recipient Address" field. Make sure it's the same address as the pending transaction. Set the "Amount ETH" to 0 and click "Next."
3. Tap the settings in the top-right corner.
4. Replace the "Nonce" field with the previously noted value. Set a competitive "Gas Price" to prevent the new transaction from getting stuck.
5. Wait for the new transaction to be confirmed, replacing the pending one.
Encountering a stuck Ethereum transaction can be frustrating, but there are solutions. While some transactions may clear automatically when network fees drop, the waiting time can be lengthy. Fortunately, you can cancel a stuck transaction by front-running it with a zero token transfer. Remember to pay sufficient gas fees for the canceling transaction to succeed. By following the steps outlined in this article, you can accelerate your Ethereum transactions and minimize delays.
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