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What are the common causes for error code 1020 in cryptocurrency transactions?

fardeen qureshiMar 31, 2025 · 2 months ago3 answers

Can you explain the common causes that lead to error code 1020 in cryptocurrency transactions? I'm trying to understand why this error occurs and how to avoid it.

Cryptocurrency
Error Code
Transaction

3 answers

  • Foysal Ahmed RajuMay 23, 2025 · 21 days ago
    Error code 1020 in cryptocurrency transactions usually occurs when there is a problem with the transaction's input data. This can happen if the transaction is missing required information or if the data provided is invalid. To avoid this error, make sure to double-check all the transaction details and ensure that the input data is accurate and complete.
  • jazzSep 19, 2022 · 3 years ago
    Error code 1020 in cryptocurrency transactions can also occur due to network congestion or high transaction fees. When the network is busy, transactions may take longer to process, leading to timeouts and error codes. To avoid this, consider using a higher transaction fee or waiting for the network congestion to subside before initiating the transaction.
  • Re HiNov 11, 2024 · 7 months ago
    At BYDFi, we have observed that error code 1020 in cryptocurrency transactions is often caused by insufficient funds in the sender's wallet. Make sure that you have enough balance in your wallet to cover the transaction amount, including any additional fees. Additionally, check if there are any restrictions or limitations on your account that could be causing the error.

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