What does available balance mean?

Your available balance is different from your total balance because blockchain transactions require some fees to be paid to the network in order to include your transaction on the blockchain. You can think of your available balance as the maximum amount you can send, once transaction fees are subtracted from your total balance.

When you send or exchange assets using our in-app exchange feature within Exodus, you can only send your available balance. This balance can be different than your wallet balance for the following reasons:

• The available balance subtracts network fees required to send a transaction. For example, if you have $50 USD in Bitcoin, and the fee for sending it is $0.5 USD, you will see $49.5 USD as the available balance. Fees are paid to individual networks (Bitcoin, Ethereum, etc.) to deliver transactions – they are not kept by Exodus.

• Unconfirmed transactions are marked with a Pending tag in the transaction list. Pending deposits cannot be spent until they are confirmed.
• Your available balance will also subtract any reserve requirements set by the asset’s network, such as the minimum balance for XRP (XRP) and Polkadot (DOT).

Something important to keep in mind is that Exodus will automatically calculate and set the fees.

While transaction fees for most blockchain networks are negligible and very close to $0.01 USD, Bitcoin and Ethereum/ERC20 fees can be much higher than that because these networks are very popular (and sometimes congested).

If you would like to set your own fees for Bitcoin or Ethereum then please check out these articles:

• How to enable Bitcoin custom fees.
• How to enable Ethereum custom fees.