diff --git a/ui/components/app/edit-gas-display/edit-gas-display.component.js b/ui/components/app/edit-gas-display/edit-gas-display.component.js
index f44e5aa26..2bdef8a9a 100644
--- a/ui/components/app/edit-gas-display/edit-gas-display.component.js
+++ b/ui/components/app/edit-gas-display/edit-gas-display.component.js
@@ -19,6 +19,7 @@ import {
 import { areDappSuggestedAndTxParamGasFeesTheSame } from '../../../helpers/utils/confirm-tx.util';
 
 import InfoTooltip from '../../ui/info-tooltip';
+import ErrorMessage from '../../ui/error-message';
 import TransactionTotalBanner from '../transaction-total-banner/transaction-total-banner.component';
 import RadioGroup from '../../ui/radio-group/radio-group.component';
 import AdvancedGasControls from '../advanced-gas-controls/advanced-gas-controls.component';
@@ -59,6 +60,7 @@ export default function EditGasDisplay({
   gasErrors,
   onManualChange,
   minimumGasLimit,
+  balanceError,
 }) {
   const t = useContext(I18nContext);
 
@@ -73,6 +75,12 @@ export default function EditGasDisplay({
   );
 
   const networkSupports1559 = useSelector(isEIP1559Network);
+  const showTopError = balanceError;
+
+  let errorKey;
+  if (balanceError) {
+    errorKey = 'insufficientFunds';
+  }
 
   return (
     <div className="edit-gas-display">
@@ -85,6 +93,11 @@ export default function EditGasDisplay({
             />
           </div>
         )}
+        {showTopError && (
+          <div className="edit-gas-display__warning">
+            <ErrorMessage errorKey={errorKey} />
+          </div>
+        )}
         {requireDappAcknowledgement && (
           <div className="edit-gas-display__dapp-acknowledgement-warning">
             <ActionableMessage
@@ -255,4 +268,5 @@ EditGasDisplay.propTypes = {
   gasErrors: PropTypes.object,
   onManualChange: PropTypes.func,
   minimumGasLimit: PropTypes.number,
+  balanceError: PropTypes.bool,
 };
diff --git a/ui/components/app/edit-gas-display/index.scss b/ui/components/app/edit-gas-display/index.scss
index ae5f96fa0..4ab30bd14 100644
--- a/ui/components/app/edit-gas-display/index.scss
+++ b/ui/components/app/edit-gas-display/index.scss
@@ -61,4 +61,8 @@
       color: $primary-1;
     }
   }
+
+  &__warning {
+    margin-bottom: 24px;
+  }
 }
diff --git a/ui/components/app/edit-gas-popover/edit-gas-popover.component.js b/ui/components/app/edit-gas-popover/edit-gas-popover.component.js
index 8eb5e6840..4c213a722 100644
--- a/ui/components/app/edit-gas-popover/edit-gas-popover.component.js
+++ b/ui/components/app/edit-gas-popover/edit-gas-popover.component.js
@@ -1,6 +1,5 @@
 import React, { useCallback, useContext, useState } from 'react';
 import PropTypes from 'prop-types';
-
 import { useDispatch, useSelector } from 'react-redux';
 import { useGasFeeInputs } from '../../../hooks/useGasFeeInputs';
 import { useShouldAnimateGasEstimations } from '../../../hooks/useShouldAnimateGasEstimations';
@@ -83,6 +82,7 @@ export default function EditGasPopover({
     hasGasErrors,
     gasErrors,
     onManualChange,
+    balanceError,
   } = useGasFeeInputs(defaultEstimateToUse, transaction, minimumGasLimit, mode);
 
   const [showAdvancedForm, setShowAdvancedForm] = useState(
@@ -182,6 +182,7 @@ export default function EditGasPopover({
     <Popover
       title={title}
       onClose={closePopover}
+      className="edit-gas-popover__wrapper"
       onBack={
         showEducationContent ? () => setShowEducationContent(false) : undefined
       }
@@ -191,7 +192,7 @@ export default function EditGasPopover({
             <Button
               type="primary"
               onClick={onSubmit}
-              disabled={hasGasErrors || isGasEstimatesLoading}
+              disabled={hasGasErrors || isGasEstimatesLoading || balanceError}
             >
               {footerButtonText}
             </Button>
@@ -238,6 +239,7 @@ export default function EditGasPopover({
               gasErrors={gasErrors}
               onManualChange={onManualChange}
               minimumGasLimit={minimumGasLimitDec}
+              balanceError={balanceError}
               {...editGasDisplayProps}
             />
           </>
diff --git a/ui/components/app/edit-gas-popover/index.scss b/ui/components/app/edit-gas-popover/index.scss
new file mode 100644
index 000000000..c34c68fb7
--- /dev/null
+++ b/ui/components/app/edit-gas-popover/index.scss
@@ -0,0 +1,7 @@
+.edit-gas-popover {
+  &__wrapper {
+    @media screen and (min-width: 576px) {
+      max-height: 84vh;
+    }
+  }
+}
diff --git a/ui/hooks/useGasFeeInputs.js b/ui/hooks/useGasFeeInputs.js
index b56303e74..0312a2123 100644
--- a/ui/hooks/useGasFeeInputs.js
+++ b/ui/hooks/useGasFeeInputs.js
@@ -11,6 +11,7 @@ import {
 import {
   multiplyCurrencies,
   conversionLessThan,
+  conversionGreaterThan,
 } from '../../shared/modules/conversion.utils';
 import {
   getMaximumGasTotalInHexWei,
@@ -22,9 +23,14 @@ import {
   decGWEIToHexWEI,
   decimalToHex,
   hexToDecimal,
+  addHexes,
 } from '../helpers/utils/conversions.util';
-import { getShouldShowFiat } from '../selectors';
 import { GAS_FORM_ERRORS } from '../helpers/constants/gas';
+import {
+  getShouldShowFiat,
+  getSelectedAccount,
+  txDataSelector,
+} from '../selectors';
 import { useCurrencyDisplay } from './useCurrencyDisplay';
 import { useGasFeeEstimates } from './useGasFeeEstimates';
 import { useUserPreferencedCurrency } from './useUserPreferencedCurrency';
@@ -165,6 +171,9 @@ export function useGasFeeInputs(
   minimumGasLimit,
   editGasMode,
 ) {
+  const { balance: ethBalance } = useSelector(getSelectedAccount);
+  const txData = useSelector(txDataSelector);
+
   // We need to know whether to show fiat conversions or not, so that we can
   // default our fiat values to empty strings if showing fiat is not wanted or
   // possible.
@@ -413,6 +422,16 @@ export function useGasFeeInputs(
     ...gasWarnings,
   };
 
+  const minimumTxCostInHexWei = addHexes(
+    minimumCostInHexWei,
+    txData?.txParams?.value,
+  );
+
+  const balanceError = conversionGreaterThan(
+    { value: minimumTxCostInHexWei, fromNumericBase: 'hex' },
+    { value: ethBalance, fromNumericBase: 'hex' },
+  );
+
   return {
     maxFeePerGas: maxFeePerGasToUse,
     maxFeePerGasFiat: showFiat ? maxFeePerGasFiat : '',
@@ -443,5 +462,6 @@ export function useGasFeeInputs(
       setMaxFeePerGas(maxFeePerGasToUse);
       setMaxPriorityFeePerGas(maxPriorityFeePerGasToUse);
     },
+    balanceError,
   };
 }
diff --git a/ui/hooks/useGasFeeInputs.test.js b/ui/hooks/useGasFeeInputs.test.js
index a4b1400bb..96353be8f 100644
--- a/ui/hooks/useGasFeeInputs.test.js
+++ b/ui/hooks/useGasFeeInputs.test.js
@@ -7,7 +7,12 @@ import {
   getNativeCurrency,
 } from '../ducks/metamask/metamask';
 import { ETH, PRIMARY } from '../helpers/constants/common';
-import { getCurrentCurrency, getShouldShowFiat } from '../selectors';
+import {
+  getCurrentCurrency,
+  getShouldShowFiat,
+  txDataSelector,
+  getSelectedAccount,
+} from '../selectors';
 import { useGasFeeEstimates } from './useGasFeeEstimates';
 import { useGasFeeInputs } from './useGasFeeInputs';
 import { useUserPreferencedCurrency } from './useUserPreferencedCurrency';
@@ -71,6 +76,32 @@ const FEE_MARKET_ESTIMATE_RETURN_VALUE = {
   estimatedGasFeeTimeBounds: {},
 };
 
+const HIGH_FEE_MARKET_ESTIMATE_RETURN_VALUE = {
+  gasEstimateType: GAS_ESTIMATE_TYPES.FEE_MARKET,
+  gasFeeEstimates: {
+    low: {
+      minWaitTimeEstimate: 180000,
+      maxWaitTimeEstimate: 300000,
+      suggestedMaxPriorityFeePerGas: '3',
+      suggestedMaxFeePerGas: '53000',
+    },
+    medium: {
+      minWaitTimeEstimate: 15000,
+      maxWaitTimeEstimate: 60000,
+      suggestedMaxPriorityFeePerGas: '7',
+      suggestedMaxFeePerGas: '70000',
+    },
+    high: {
+      minWaitTimeEstimate: 0,
+      maxWaitTimeEstimate: 15000,
+      suggestedMaxPriorityFeePerGas: '10',
+      suggestedMaxFeePerGas: '100000',
+    },
+    estimatedBaseFee: '50000',
+  },
+  estimatedGasFeeTimeBounds: {},
+};
+
 const generateUseSelectorRouter = () => (selector) => {
   if (selector === getConversionRate) {
     return MOCK_ETH_USD_CONVERSION_RATE;
@@ -84,6 +115,18 @@ const generateUseSelectorRouter = () => (selector) => {
   if (selector === getShouldShowFiat) {
     return true;
   }
+  if (selector === txDataSelector) {
+    return {
+      txParams: {
+        value: '0x5555',
+      },
+    };
+  }
+  if (selector === getSelectedAccount) {
+    return {
+      balance: '0x440aa47cc2556',
+    };
+  }
   return undefined;
 };
 
@@ -234,4 +277,32 @@ describe('useGasFeeInputs', () => {
       // expect(result.current.estimatedMinimumFiat).toBe(`$${totalMaxFiat}`);
     });
   });
+
+  describe('when balance is sufficient for minimum transaction cost', () => {
+    beforeEach(() => {
+      useGasFeeEstimates.mockImplementation(
+        () => FEE_MARKET_ESTIMATE_RETURN_VALUE,
+      );
+      useSelector.mockImplementation(generateUseSelectorRouter());
+    });
+
+    it('should return false', () => {
+      const { result } = renderHook(() => useGasFeeInputs());
+      expect(result.current.balanceError).toBe(false);
+    });
+  });
+
+  describe('when balance is insufficient for minimum transaction cost', () => {
+    beforeEach(() => {
+      useGasFeeEstimates.mockImplementation(
+        () => HIGH_FEE_MARKET_ESTIMATE_RETURN_VALUE,
+      );
+      useSelector.mockImplementation(generateUseSelectorRouter());
+    });
+
+    it('should return true', () => {
+      const { result } = renderHook(() => useGasFeeInputs());
+      expect(result.current.balanceError).toBe(true);
+    });
+  });
 });