How to Add Transaction Limits

Created by Muskan Bhandari, Modified on Wed, 3 Jan at 11:29 AM by Muskan Bhandari

Configuring transaction limits is a pivotal component of policy management, allowing you to specify the maximum amount that can be sent to whitelisted addresses per individual transaction.

To set these transaction limits, follow these steps:

1️⃣ Go to "Settings" and navigate to the "Policy Management" section.

2️⃣ Click on "Add Policy Rules," and a pop-up will appear for creating a new policy.

3️⃣ In the policy creation window, select "Transaction Limit"

4️⃣ Next, choose the specific wallet for which you want to establish the transaction limit.

5️⃣ After selecting the wallet, the transaction limit configuration options will become visible.

6️⃣ Within this configuration, simply enter the desired amount in USD that represents the cumulative total of tokens or coins that can be sent to whitelisted addresses for each individual transaction from the chosen wallet.

7️⃣ Click on the "Next" button and proceed to approve.

? Note: If the owner has set a minimum approval requirement greater than 1, another admin will need to review and approve the policy.

By following these steps, you'll set transaction limits that align with your organization's financial guidelines, enhancing control and transparency over your policy management system. This feature offers a valuable layer of security and compliance to ensure responsible and efficient transactions to whitelisted addresses.