Account does not exist or account balance too low

#1

Hi,

I've submitted a fortune of 0.05 ether to my account. When I try to buy a share or want to withdraw I get the message "Account does not exist or account balance too low." - what is the minimum account balance for buying shares / withdrawal?

Would be good to note this in the FAQ I guess.

Thanks,
Lukas

#2

Hey @lukas - I principal there is not minimum for anything. However - we set by default a very high gas limit for all transactions. You will only pay the gas that is actually used but to create the transaction you need the ETH you want to spend + the ETH that is reserved for the gas (only a small fraction of it will be used).

What we will do in the future is a better estimation of gas costs for the transaction so that this amount will be smaller.

For now I think you are fine with 0.5 ETH. And then buy some shares for 0.4 ETH e.g. - this should work.If you just want to test it you can also do it here with test-net Ether: http://test.groupgnosis.com/
You can get free test net Ether here: test.ether.camp