Why is my available balance less than my wallet balance?
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.
In this Article:
What does available balance mean?
When you send or exchange assets in Exodus, you can at maximum send only 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.
While transaction fees for most Blockchain Networks are negligible and very close to $0.01 USD, Bitcoin (BTC) fees can be much higher than that because the network is very popular (and sometimes congested) and because Bitcoin uses a UTXO-model where several inputs might be included in a single transaction. With Bitcoin and other similar coins, the more previous deposits (Unspent Outputs) you have in your wallet, the more data has to be included in your transactions, and this makes network fees higher.
Something important to keep in mind is that Exodus will automatically calculate and set the fees in order to make transactions confirm faster, and this could lead to slightly higher fees than other services that prioritize lower costs over speed and reliability.
Let's see a real-life example
In this example, there is 0.16737503 BTC in this Bitcoin wallet:
However, the most that this wallet could send would be 0.1672493 BTC, since the network fee would deduct 0.0001258 BTC from the total balance to determine the available balance: