AnswerBun.com

Why can't I move my XTZ?

Tezos Asked by user5185 on November 7, 2021

Firstly, the questions that have been asked similar to this one have zero answers.

Today I tried to move my XTZ from the KT1 address in my Galleon wallet to my XTZ address on Binance. Twice I got a status indicator followed by no confirmation that anything had happened. Then I tried to transfer the XTZ from the KT1 address to the tz1 address to see if that would work. I got a confirmation of the contract being ‘invoked’ but it just stayed as pending, nothing moved, and when I logged out and logged back into Galleon, it was as though the transaction had never happened.

I tried accessing my XTZ using a different wallet and was able to access the wallet in Kukai.app, but several attempts to transfer the XTZ out of there also failed – it was saying that I don’t have enough XTZ for the transaction fees, even though I was setting a very high fee (1 XTZ) and leaving enough for the burn amount.

When I check my KT1 address on TzStats, the balance seems to be correct but I am very confused and frustrated as to why I can’t perform a simple transfer of my XTZ. Is anyone able to help please?

One Answer

In order to transfer out of a KT1, the manager TZ1 must have enough funds in it to pay for the transaction fee. KT1's cannot pay fees; only the manager TZ1 can. Make sure you have at least 1-2 XTZ in the manager TZ1 before trying to transfer out of a KT1. A fee of 1XTZ is insane; leave that normal.

Answered by utdrmac on November 7, 2021

Add your own answers!

Related Questions

Timestamps overflow/underflow errors

1  Asked on August 19, 2021 by moremi-vannak

     

Michelson: Parameter vs Storage

1  Asked on August 19, 2021 by user5177

     

How to access Big Map value for a specific key

2  Asked on December 16, 2020 by soumya-ghosh-dastidar

 

More verbose logging in tezos-client

1  Asked on December 8, 2020 by thorkil-vrge

     

Calling contract invocation operation in loop

1  Asked on December 4, 2020 by pawan-dhanwani

     

How long time does it take to sync a rolling node on Carthage net?

0  Asked on July 23, 2020 by troels-bjrnskov

   

Ask a Question

Get help from others!

© 2023 AnswerBun.com. All rights reserved. Sites we Love: PCI Database, UKBizDB, Menu Kuliner, Sharing RPP