Why I am getting an "insufficient funds" error?

This means you do not have enough of your network's native token in your account to cover the cost of gas. On the confirmation screen, you might see the confirm button is greyed out. This is because you have an insufficient amount of the native token necessary to pay for the transaction. Generally, across EVM-compatible networks, each transaction (including token and contract transactions) requires gas. You can think of this as a transaction fee. For more on gas, see here.

Examples of native tokens include:

Ether (Ethereum mainnet)
BNB (Binance SmartChain)
MATIC (Polygon)
AVAX (Avalanche).

Torus Wallet is usable with any network compatible with the Ethereum Virtual Machine (EVM).

Solution

You can solve this by sending some of the necessary native token to your Wallet in order to be able to make the transaction.

If you need to buy some tokens to get a sufficient amount, you can either purchase using an on-ramp, buy from an exchange, or trade other tokens on a decentralized exchange (DEX). Torus Wallet supports on-ramps for native tokens for several networks -- check here to see if we cover the one you need.

Updated on: 13/04/2022