Transaction Failed on Uniswap: How to Fix the Error

Are you experiencing a failed transaction on Uniswap?

You are getting this error, “This transaction will not be successful either because of the price movement or the transfer fee. Try to increase your slippage tolerance.”?

Whenever you are trying to buy a coin by exchanging it for another coin, its price tends to fluctuate.

In other words, the price of the coin can change dramatically.

For example, when making a swap, the movement in the price of the coin may be too large.

In that case, the amount of coins you will get is not at all close to the original amount you should get.

As a result, the transaction will fail due to the large price movement of the coin.

This has to do with your slippage tolerance.

In this guide, you will learn how to fix a canceled, rejected, or failed transaction on Uniswap.

How to Fix Failed Transaction on Uniswap

To fix the failed transaction on Uniswap, you need to gradually increase your slippage tolerance.

Start by increasing your slip tolerance to 3%, 6%, then 12%.

You can also increase it by 1% each time to avoid buying the coin at a higher price.

A failed transaction on Uniswap is usually caused by a large price movement of the coin.

So, if your slippage tolerance is too low as 0.1%, the transaction will fail if the price movement of the coin is more than 0.1%.

Increasing slippage tolerance will allow the transaction to succeed with a wider price movement.

However, you could buy the coin at a higher price.

1. Increase slippage to 3%

The first method is to increase the slippage tolerance on Uniswap to 3%.

The default slip tolerance on Uniswap is 0.1%, which is very low.

This will cause transactions to fail, especially if you are buying a popular currency.

So, you can start by increasing it to 1% first.

1% is a suitable tolerance as it is not too low or too high.

Here’s how you can increase your slip tolerance to 3%.

1. Go to the Uniswap website and link your wallet to it.
2. Select the token you want to exchange and the token you want to get.
3. Tap the settings icon to open the transaction settings.
4. Increase slip tolerance to 3%.

After increasing your slippage tolerance to 3%, try exchanging tokens again.

This time, the transaction should be successful.

If the transaction continues to fail, you need to further increase your slippage tolerance to 6% or more.

2. Increase slippage to 6%

If increasing the slippage tolerance to 3% does not work, you need to increase it further to 6%.

This is because the movement of the price of the coin is more than 3%.

As a result, the transaction will continue to fail if you do not increase it.

A slippage tolerance of 6% is at the highest end, so you need to be ready to buy the coin at a much higher or lower price.

This could cause you to lose profits in the future.

Here’s how you can increase your slip tolerance to 6%.

1. Go to the Uniswap website and link your wallet to it.
2. Select the token you want to exchange and the token you want to get.
3. Tap the settings icon to open the transaction settings.
4. Increase slip tolerance to 6%.

After increasing your slippage tolerance to 3%, try exchanging tokens again.

This time, the transaction should be successful.

If the transaction continues to fail, you need to further increase the slippage tolerance to 12%.

3. Increase your slippage to 12%

The last method is to increase the slippage tolerance to 12%.

If you are buying a very popular coin, its price will fluctuate a lot.

So, your transaction will fail if your slippage tolerance is too low.

By default, the slip tolerance on Uniswap is 0.1%.

A slippage tolerance of 12% is very high, so you must be willing to buy the coin at a much higher or lower price.

It is highly recommended that you gradually increase your slippage tolerance by 1% each time the transaction fails.

This way, you will be able to maximize your future profits.

Here’s how you can increase your slip tolerance to 12%.

1. Go to the Uniswap website and link your wallet to it.
2. Select the token you want to exchange and the token you want to get.
3. Tap the settings icon to open the transaction settings.
4. Increase slip tolerance to 12%.

After increasing your slippage tolerance to 12%, try to trade the tokens again.

With a slippage tolerance of 12%, the transaction is very likely to be successful.

If not, you can try to increase the gas price of the transaction.

If all else fails, you can try to trade the tokens a few hours later.

Conclusion

Keep in mind that setting a higher slip tolerance can result in two things.

First, you could buy the coin at a much higher price.

Secondly, you could buy the coin at a much lower price.

This depends on the movement of the prices of the coin.

So, it is highly recommended to increase your slippage tolerance little by little until the transaction is successful.

Don’t increase your slippage tolerance to 12% right away as you may buy the coin at a much higher or lower price.

If the transaction continues to fail, you can try to exchange the coins a few hours later.