What happens if the ERC20 transfer amount is greater than the available balance?

3 answers

• Feb 19, 2022 · 3 years ago
  If the ERC20 transfer amount exceeds the available balance in the sender's wallet, the transaction will fail. This is because the blockchain network verifies the sender's balance before executing the transfer. The sender must have sufficient funds to cover the requested transfer amount, including any associated transaction fees. It is important for users to double-check their wallet balance before initiating a transfer to avoid failed transactions.
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• Feb 19, 2022 · 3 years ago
  When the ERC20 transfer amount is greater than the available balance, it's like trying to spend more money than you have in your bank account. The transaction won't go through because the sender doesn't have enough funds. So, it's always a good idea to check your wallet balance before attempting any transfers to ensure a successful transaction.
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• Feb 19, 2022 · 3 years ago
  If you're using BYDFi, our platform will prevent you from initiating a transfer if the ERC20 transfer amount exceeds your available balance. We prioritize the security of your funds and want to avoid any failed transactions. Make sure to manage your wallet balance properly to ensure smooth transfers.
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