Why is my Coinbase Wallet transaction failing?

Common Reasons for Coinbase Wallet Transaction Failures

1. Insufficient network fees can lead to transaction rejection. If the gas fee or miner fee set is too low, nodes may ignore the transaction, especially during periods of high blockchain congestion.

2. Network congestion on blockchains like Ethereum often delays or drops transactions. When the network is overloaded, transactions with lower fees remain stuck in the mempool without confirmation.

4. Outdated app versions might contain bugs or compatibility issues with current blockchain protocols. Running an older version of the Coinbase Wallet app could interfere with transaction signing or broadcasting.

5. Poor internet connectivity disrupts the process of sending a transaction. A weak connection between the app and the blockchain node can result in timeouts or incomplete data transmission.

Wallet Synchronization and Security Issues

1. Delayed synchronization with the blockchain can make transactions appear failed when they are actually pending. The wallet must fully sync with the latest block to reflect accurate status.

2. Incorrect nonce values due to multiple pending transactions may cause rejections. Each transaction requires a unique sequential number, and conflicts arise if this sequence is disrupted.

4. Local cache corruption within the mobile app interferes with transaction processing. Corrupted data stored on the device may prevent proper execution even if inputs are correct.

5. Security restrictions such as biometric authentication failure or session timeout halt transaction initiation. These safeguards prevent unauthorized access but may interrupt legitimate actions.

Blockchain-Specific Factors Affecting Transactions

1. ERC-20 token transfers require sufficient ETH balance for gas, even if the token balance is adequate. Users often overlook that native currency is needed to power transactions involving tokens.

2. Layer 2 networks like Optimism or Base have different fee structures and finality times. Misunderstanding these mechanics leads to premature assumptions of failure.

4. Reverted transactions consume gas but do not execute the intended action. This occurs when a smart contract throws an error during execution, appearing as a failed send despite partial processing.

5. Chain ID misconfiguration in manual transaction setups results in invalid signatures. Using the wrong network identifier prevents the transaction from being accepted by the target blockchain.

Frequently Asked Questions

What does it mean when my transaction is 'pending' for a long time?A prolonged pending state usually indicates insufficient gas fees. The transaction remains in the network's queue until miners choose to include it, which may take hours or days during congestion.

Can I cancel a transaction that hasn’t confirmed?You cannot cancel a transaction once broadcasted. However, you can replace it by sending another transaction with the same nonce but higher gas fees, effectively overriding the original.

Why did my transaction fail even though I had enough funds?Having enough tokens doesn't guarantee success. You must also possess adequate native cryptocurrency to cover transaction costs. Token approvals and contract rules can also block transfers despite sufficient balances.

How do I check the status of a failed transaction?Use a blockchain explorer like Etherscan. Enter your wallet address and locate the transaction hash. The explorer will show whether it was successful, reverted, or dropped due to low fees.