My Solana transaction wasn’t approved
If you get an error when trying to make a transaction, we have a few insights for you:
1. Check if you have enough balance to cover fees.
All transactions on the Solana network, for the foreseeable future, have a base fee of 0.000005 SOL. Depending on the type of transaction it may include other fees like:
o Swapping may have different fees depending on your slippage tolerance setting.
o Staking may have fees set by the validator of your choosing.
o Unstaking mSOL instantly has additional fees.
o Opening a token account has a 0.002 SOL fee.
As a rule of thumb, we suggest keeping at least 0.1 SOL in your wallet at all times, so you don’t have to worry about your transaction failing due to lack of funds.
2. The Solana network could be experiencing slowdowns.
This happens when there is a high volume of transactions being processed. You can go to the Solana Explorer and scroll down to the “Live Transaction Stats” section, which will show you how the network is doing at the moment, and if it’s a good idea to keep trying. Don’t worry, you won’t be charged for failed transactions.
3. The Solana network might be partially down for maintenance or halted due to unforeseen issues.
Sometimes your tokens may not load correctly on your wallet, this doesn’t mean they’re gone but it probably means the network might be experiencing issues that are outside of Solflare’s control. All you can do when this happens is wait. Which means we’re probably waiting too, so we will keep you posted on our social media channels.
If you’re still curious about what’s going on, you can check on the Solana Network’s Status site.