-1

I wanted to swap memecoin "Crypto President Trump" to Ethereum on Base Network and it always say that "something went wrong" I assume that it is related to few amount of ETH on my account ? Could someone please explain me how much money do I need to do the swap ? Right now I have about 8 $ on ETH

Improve this question

1 Answer 1

Reset to default
0

  • What you need: You need some ETH to cover the transaction fees (gas fees) on the Base Network.

  • Current situation: You have $8 worth of ETH.

  • Possible reasons for error: If gas fees are high, $8 might not be enough.

Steps:

  • Check gas fees: Use a gas fee tracker to see current rates.
  • Estimate: If gas fees are, for example, $3 per swap, your $8 should be enough for 2-3 swaps.
  • Add more ETH: If gas fees are higher than $8, you'll need to buy more ETH.
  • Try again: Once you have enough ETH, retry the swap.

By checking and making sure you have enough ETH for gas fees, you should be able to complete the swap.

Improve this answer
7
  • So, I have checked current rates on Etherscan and it says that Swap is like low (44.80 USD) average (44.93 USD) and high (46.15 USD) so it means I have to have the equal level of (lets say) 44.93 USD of ETH to make a swap ?! Or am I looking at the wrong rates ?
    – Kamil
    Commented Dec 4 at 18:15
  • Network matters: Confirm you're on the Base Network. Estimate gas fees: Use your wallet or swap tool to get an accurate fee. Enough ETH?: $8 in ETH should cover low fees on the Base Network. If fees are higher, you’ll need more ETH. Double-check you're using the Base Network and verify the actual gas fees for an accurate estimate.
    – mumut3k
    Commented Dec 4 at 18:23
  • Ohhh. I see now. When I swap on Ethereum Network it only works with USDC and it is swapping in a way that after the swap I will get like 30 USD less than the current value of this memecoin e.g. I have 100 USD worth of memecoin and after swap to USDC it will be 77 USDC. Is it common ?
    – Kamil
    Commented Dec 5 at 15:36
  • Yes, it is common to experience significant slippage, price impact, and fees when swapping low liquidity memecoins on the Ethereum network.
    – mumut3k
    Commented Dec 5 at 15:41
  • Okay, thank you very much now. I gladly appreciate your kind help. I will try to buy more Ethereum on Base Network or on Ethereum Network (does it matter which one?) and then try to make a swap. Once again, Thank you for help and If I have still trouble doing this I will be adding new comments here :D
    – Kamil
    Commented Dec 5 at 15:50

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.