This guide explains how to manually adjust fee parameters for Ethereum transactions using Ledger Live. Custom transactions can be used for sending ETH or ERC20 tokens on the Ethereum network.
Things to Keep in Mind
Transaction Fees: Fees are paid to Ethereum validators, not to Ledger. These fees cannot be refunded once paid.
Fee Market: Ethereum’s fee market is competitive. Higher gas prices and gas limits increase the likelihood of quick transaction processing. Learn more about gas price and gas limits here.
Creating a Custom Ethereum Transaction
Open Ledger Live:
Launch Ledger Live and navigate to the Send tab.
Select Your Ethereum Account:
Choose the Ethereum account you want to use. Enter the recipient address and click Continue.
Enter Amount and Access Advanced Settings:
Specify the amount to send, then click Advanced.
Edit Fee Parameters:
Click Edit to modify the Max Fee and Gas Limit.
Set Max Fee and Gas Limit:
Adjust the Max Fee and Gas Limit according to your needs. Use the dashboard provided to select the optimal Max Fee and Gas Limit for your transaction type.
Typically, sending an ERC20 token requires around ~65,000 gas, but this can vary.
Review and Confirm Transaction:
Review the transaction details. If everything is correct, click Continue. Confirm the transaction on your Ledger device.
Transaction Complete:
You’ve successfully sent a custom Ethereum transaction.
“Fill out the form to send a request to the wallet’s customer service.”