Problem
I get the message "Insufficient Balance" when trying to submit a Bitcoin transaction even though I do have enough balance.
At present, TrustVault employs an automated system designed to select the top 80 Unspent Transaction Outputs (UTXOs) based on their value. This strategic method is aimed at ensuring that transactions are processed in a manner that is both efficient and cost-effective. By focusing on high-value UTXOs, we optimize the transaction process, which not only enhances the overall user experience but also plays a significant role in reducing transaction fees. This is particularly beneficial for users who are keen on managing their assets in a practical and economical way. However, it is important to note that there may be instances where the total value of the selected UTXOs falls short of what is needed for your transaction. In these situations, you have a few practical options to consider as you move forward.
Solution
One potential course of action is to carry out multiple transactions, each involving a smaller amount, until the cumulative total aligns with the amount required for your desired transaction. This approach provides you with added flexibility, allowing you to handle your transaction needs without being limited to a single high-value output. It can be particularly useful in scenarios where managing smaller amounts is more convenient or when you want to spread out your transactions over time. Alternatively, you might consider consolidating your UTXOs before proceeding with your transaction. This consolidation process entails merging several smaller UTXOs into one larger output, thereby simplifying the outputs in your wallet. By engaging in this process, you may discover that subsequent transactions become more straightforward and efficient, as you will have fewer outputs to keep track of.
If you find yourself needing additional information or assistance regarding the specific UTXOs associated with your wallet, please do not hesitate to contact us. Our dedicated team is committed to helping you gain a clear understanding of the contents of your wallet and is always prepared to offer any guidance you may require. We are here to assist you in navigating your transactions and to ensure that your experience with TrustVault is as seamless and enjoyable as possible.