Before doing anything with Metamask, always ensure you have backed up your seed phrases and private key. Write these down and store them in more than one safe location – and NEVER tell them to anyone.
If you lose access to your Metamask account (for whatever reason), you will need the seed phrases and private keys to regain access to your account and funds. Securing your wallet seed words is the FIRST and most important thing you need to do.
The following is a guide on how to speed up transactions on Metamask, when they have been pending for too long.
Why is my transaction taking so long to confirm?
Usually, the reason for this is because the Ethereum network is heavily congested and the gas settings that you selected were too low. When this happens, it can cause your transaction to be lowered to the bottom of the priority list.
Miners on the Ethereum network are rewarded with the gas fees you pay when making any transaction. Unfortunately they are in the business of making a profit so will search out the transactions with the highest gas price to process first.
If you have selected an insufficient amount of gas to save a few dollars, then expect your transaction to end up at the bottom of the list to be processed. Depending on the amount of gas you chose, the tx may even get ignored completely – which could leave you with a pending tx, indefinitely.
Steps To Speed Up A Transaction
On the user-interface (UI) of Metamask, navigate to the pending transactions list, and identify the transaction that you wish to speed up. You will see a button which says “Speed up”, which is located next to “Cancel”.
On the next page, you will be shown options for different gas fee settings. Slow, average, and fast. As you most likely have already chosen a slow or average gas fee for your transaction, it is recommended to select the “Fast” option as this will help get your transaction processed on the network the fastest.
If your transaction is still pending due to extreme network congestion (after choosing the “Fast” option in the previous step) and you would like to go one step further in attempting to speed up the transaction, then try the following:
From the Metamask UI, once again select “Speed up”. This time, when you get to the gas settings, find and click “Advanced” located at the top.
Manually adjust the gas price (GWEI) to your desired amount. Preferably, higher than the previous “Fast” gas limit setting that you selected in the previous step.
Increasing your GWEI above the previous amount can be quite effective in getting your transaction processed quickly – especially at times when the network is heavily congested. Click “Save”. Hopefully, now your transaction gets confirmed in no time!
Be sure to check out the highly-anticipated release of the Swapfolio app, where you can monitor current and the recommended gas prices while contemplating your next trade – all done right from within the easy-to-use, all-in-one dashboard.
The days of having to mess around looking for gas prices on Metamask or Etherscan are no longer required.
Swapfolio, making Uniswap safe and efficient, for all.