How To Add Spending Limits

Spending Limit:

• Defining spending limits is a crucial aspect of policy management. 
• Setting spending limits helps you control how much can be sent to whitelisted addresses within a set time frame (e.g. USD 100,000 over 24 hours). 
• This policy improves security, reduces risk, and ensures transactions stay within defined limits.

Steps on Setting a Spending Limit

• Access your settings and navigate to the "Policy Management" section.
• Click on "Add Policy Rules," and a pop-up window for policy creation will appear.
• Within the policy creation window, click on "Spending Limit."
• Select the specific wallet for which you want to configure the spending limit.
• Once you've selected the wallet, the spending limit configuration options will become visible.
• Here, you can enter the period for which the spending limit will apply, choosing between hours or days based on your preferences.
• Enter the amount in USD that you want to set as the cumulative total of tokens or coins that can be sent from the selected wallet within the chosen time period.
• Click on the "Next" button and proceed to approve.
• Once you click 'Approve', you'll be prompted to enter the 2FA code. After successful verification, the changes will be implemented.
  
  

By following these steps, you'll be able to establish spending limits that align with your organization's financial guidelines and security requirements, ensuring responsible and controlled transactions to whitelisted addresses.