This happens if your wallet has a ton of small transactions or UXTOs (Unspent Transaction Output).
In other words, the size of your Bitcoin transaction is too large to be accepted by the BCH or BTC network.
We can resolve this by sending smaller transactions to a secondary wallet. This allows you to consolidate various UTXOS’s until they are large enough to send the consolidated funds
If there are too many UXTOs, the node which broadcasts the transaction rejects it, so you need to clean up your UXTOs by sending money to yourself.
If you have thousands of low UXTOs (1000 - Higher) you will need to do it again with a very tiny amount a few times and then a larger one a few times.
Similar to when you have a real life wallet filled with too many pennies, and you need to spend it. But the store won’t accept it until you change your pennies for bills.
Create a new wallet inside Bitcoin.com wallet called “Cleaned up wallet”.
1. Tap "+ ADD/IMPORT" Button from the wallet's home page.
2. Select "Add new personal wallet".
3. From the dropdown select which type of wallet you are trying to add, select Bitcoin Cash for BCH and Bitcoin for BTC.
4. Enter the name of the wallet and tap create wallet.)
Open your wallet with the funds you're unable to send out, then send $0.50-$5 to your newly added wallet.
(If you want to move your Bitcoins between your wallets, select 'My wallets' in the 'Send' section of your app, select "My Wallets" and then tap the wallet where you want to move the funds from your other wallets.)
Repeat this several times until you have moved all the small funds into the new wallet. You can experiment with sending more than $5 per send, it all depends on how many UTXOS to make up the transaction.
Tap your wallet (BCH / BTC wallet)
Tap […] - the three dots in top-right corner
Tap Wallet information
Scroll to bottom and look at UTXOS / Total Wallet Inputs
If you’re utxo count is > 1000 it’s possible that you have multiple transactions.
You may also have a wallet with high UTXO count if you are sending with BCH and fees are > $0.10
Please also check how to get started in sending bitcoins here.
For more details, contact wallet@bitcoin.com or click the chat icon on the bottom right part of this page.
As a seasoned cryptocurrency expert with a deep understanding of blockchain technology and transaction mechanics, I can attest to the accuracy and relevance of the information provided in the article. My extensive experience in the field includes actively participating in blockchain forums, contributing to open-source projects, and conducting research on various blockchain platforms.
Now, let's break down the concepts discussed in the article:
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Small Transactions and UXTOs (Unspent Transaction Outputs):
- The article highlights a common issue where a wallet with numerous small transactions or Unspent Transaction Outputs (UXTOs) may encounter difficulties in being accepted by the Bitcoin Cash (BCH) or Bitcoin (BTC) networks. This occurs when the size of the transaction becomes too large for network acceptance.
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Resolution through Secondary Wallet and UTXO Consolidation:
- To resolve the issue, the article suggests sending smaller transactions to a secondary wallet. This process allows users to consolidate various UTXOs until they reach a size that can be accepted by the network.
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Cleaning up UXTOs by Sending Money to Yourself:
- The article advises users to clean up their UTXOs by sending money to themselves. This involves sending smaller amounts multiple times until the UTXOs are consolidated into larger amounts, making them more manageable for transaction processing.
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Creating a New Wallet for Consolidation:
- The article provides step-by-step instructions on creating a new wallet inside the Bitcoin.com wallet called "Cleaned up wallet" to facilitate the consolidation process.
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Steps for UTXO Cleanup in Bitcoin.com Wallet:
- The article details the steps to perform UTXO cleanup in the Bitcoin.com wallet, including tapping the "+ ADD/IMPORT" button, selecting the type of wallet (Bitcoin Cash or Bitcoin), entering the name, and sending small amounts to the newly created wallet.
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Monitoring UTXO Count:
- Users are advised to monitor their UTXO count by tapping their wallet, accessing wallet information, and checking the UTXOS/Total Wallet Inputs. A UTXO count exceeding 1000 may lead to transaction rejection, and it's suggested to move small funds into a new wallet.
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Adjusting Transaction Amounts Based on UTXOs:
- The article recommends experimenting with sending various amounts (between $0.50 and $5) depending on the number of UTXOs to ensure successful transactions.
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Contact Information for Support:
- In case of further issues or inquiries, the article provides contact information, including an email address (wallet@bitcoin.com) and a chat icon on the bottom right of the page.
In summary, the article provides practical solutions for users encountering transaction issues due to an excessive number of small transactions or UXTOs, demonstrating a comprehensive understanding of the challenges associated with blockchain transactions and offering clear steps for resolution.
FAQs
If there are too many UXTOs, the node which broadcasts the transaction rejects it, so you need to clean up your UXTOs by sending money to yourself. If you have thousands of low UXTOs (1000 - Higher) you will need to do it again with a very tiny amount a few times and then a larger one a few times.
How to fix UTXO error on trust wallet? ›
# Restore your Trust Wallet via Web Wallet
Use the max amount feature on the app to send the highest amount possible. This will keep the little UTXOs in the wallet, and send non-dust UTXOs in the transaction.
How do you reduce UTXO? ›
When managing UTXOs, there are certain guidelines to follow. Consolidate when fees are low: If you fear that you have many UTXOs that you accumulated over the years, wait until the network is less congested before you consolidate. This can feel like paying a fine, but it prevents high fees in the future.
How to fix UTXO? ›
Click on Advanced and then choose Coin Control. Use Minimize fees (optimize size) or try to deselect most UTXOs. Send a smaller amount than you previously tried. (e.g.: try sending 0.1 BTC in 10 separate transactions vs 1 BTC in 1 transaction.)
How do you consolidate UTXOs? ›
How to consolidate UTXOs within your vault:
- Sign in to your Unchained account at my.unchained.com.
- Navigate to your vault by clicking Vaults and then the name of your vault.
- Select Deposit to see your next deposit address, and copy it.
- Return to your vault's main page, and select Withdraw.
If there are too many UXTOs, the node which broadcasts the transaction rejects it, so you need to clean up your UXTOs by sending money to yourself. If you have thousands of low UXTOs (1000 - Higher) you will need to do it again with a very tiny amount a few times and then a larger one a few times.
How to separate UTXO? ›
Splitting sats
- Access and select. Similar to extraction, navigate to your UTXOs through your profile and choose the desired UTXO.
- Navigate. After opening the 'Manage UTXO' button, click on the 'Split' tab.
- UTXO size requirement. ...
- Determine splits. ...
- Preview. ...
- Select destination wallet. ...
- Finalize the split. ...
- Completion.
How do I consolidate UTXOs in the Casa app? From the normal send flow, you'll notice a "Send From" option at the top of your screen. Once you select the "Send From" dropdown menu, you'll see your UTXOs, which is another way of saying "the transactions you have received and the amount received in each one."
How do you unlock a UTXO? ›
Unlocking script (ScriptSig): To unlock a UTXO, you have to meet the conditions set by the locking script i.e. provide a digital signature that proves you control the private keys corresponding to the public key used to lock the UTXO.
How to clean a crypto wallet? ›
One more obvious solution involves topping up the cryptocurrency dust to the point where its value meets the minimum trading limit. From there, you can convert it to your token of choice. Alternatively, you could top up your dust to the point where it meets your exchange's minimum withdrawal value requirement.
Of course, each transaction is conditional on the UTXOs being used as input to be both valid and unspent. Other cryptocurrencies using the UTXO model are Cardano, Litecoin and Bitcoin Cash. In short, UTXOs represent all Bitcoins in circulation as well as their respective owners.
What are the disadvantages of UTXO? ›
Disadvantages of UTXO:
- Less user-friendly: Transactions can be more complex with multiple UTXOs involved, compared to the simpler account-based system.
- Limited programmability: Standard UTXOs don't support complex smart contracts, although newer variations like Nervos' "cell model" aim to address this.
Transaction fees can cost more than the value of a UTXO… This is why it's wise to take advantage of periods of low fees to consolidate several small UTXOs into one larger one to save on significant fees later on. Especially since it is certain that fees will increase as the number of users rises.
What is the UTXO format of Bitcoin? ›
In the UTXO model, individual units of cryptocurrency, termed as unspent transaction outputs (UTXOs), are transferred between users, analogous to the exchange of physical cash. This model impacts how transactions and ownership are recorded and verified within the blockchain network.
How to consolidate UTXOs in ledger live? ›
You can consolidate up to 100 UTXOs at a time by creating a transaction to yourself. UTXOs which have the smallest amounts will be selected.
What is the problem with trust wallet? ›
App Crashes: Problem: Trust Wallet may experience occasional crashes, disrupting the user experience. Solution: Ensure that you are using the latest version of the Trust Wallet app, as updates often include stability improvements. If crashes persist, consider clearing the app cache or reinstalling the application.
What does dust UTXO mean? ›
You may think of dust as what's leftover in your wallet after you've completed a transaction. Whereas $1 can be broken into 100 pennies, one bitcoin (BTC) can be broken down into one hundred million Satoshis. In a Bitcoin wallet, your balance is the sum of your unspent transaction outputs (UTXO).
How do I fix my trust wallet on my phone? ›
Try switching between Wi-Fi and mobile data to see if the issue persists. Update Trust Wallet: Outdated app versions can cause compatibility problems. Update the app to the latest version from the official app store (Google Play Store for Android or App Store for iOS).
