Trader lost $10,000 on cryptocurrency

The user wanted to invest $120 in digital assets, but mixed up the fields and paid about $600 for one operation000% more than required.

A user under the pseudonym ProudBitcoiner lost more than $10,000, making an error in the transaction on the Uniswap exchange, as reported in a post on Reddit.This trading platform works on the Ethereum blockchain, so you have to pay a commission for all transactions on it.

The amount of the commission you need to pay fora transaction on the Ethereum network, users can set independently. This is done so that cryptocurrency holders can conduct transactions as quickly as possible - the higher the commission, the faster the transaction will be recorded in the blockchain.

ProudBitcoiner's desire to speed up the operation on Uniswap ended in a gaffe.He mixed up the fields when specifying the commission and for the deal for $120 paid 23.5 Ethereum, at the current rate it is just over $10,000.The operation was recorded by a etherscan.io blockchain columnist.

The average ETH fee is now $1.7.Thus, the trader paid almost 600,000% more for the operation than he needed.

"My previous transaction failed because of the wrongly filled field, which the commission says.In the next transaction, I decided to manually specify the commission... but he injected the wrong amount and ruined his life," the trader said.

In June, another user made a similar mistake, but for a much larger amount.At first, the unknown sent 0.5 ETH, paying for it about $2.5 million in Ethereum.Then he spent another $2.6 million to translate 350 ETH.

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