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Transferring funds from wallet to exchange

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by COINS NEWS 108 Views

I’ve got $20 of LRC in an old wallet that I want to send to an exchange. I know I needed some ETH for gas fees, so I transferred $20 of ETH from my exchange to my wallet. No problems.

When trying to send the LRC back to the exchange, etherscan tells me the transaction failed with these error messages:

  • Warning! Error encountered during contract execution [out of gas]
  • ERC-20 Token Transfer Error (Unable to locate corresponding Transfer Event Logs), Check with Sender

My LRC funds don’t move, but I’m still deducted the ETH gas fee. I don’t understand how I can be told I’m out of gas, but the transaction still deducts the gas fee from me

I don’t want to keep trying and losing money each time the transaction fails. Can someone explain what I’m doing wrong please?

submitted by /u/Aynsie
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