Add a spending limit

You can add a spending limit for a wallet to define the maximum asset amount that can be transacted within a specific time period. For example, you can set a maximum transaction amount limit of USD 100 within a 6-hour period.

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Note:

• The hot deposit wallets don't support this policy.

As an owner or admin of your organisation, take the following steps to add a spending limit.

1. Log into Vaults.
2. Go to Settings > Policy Management > Policy Rules.
3. Select +Add next to View.

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Information:

• Alternatively, you can also go to Wallets and select a wallet. In that wallet, go to Policy then select +Add Policy to configure a policy for that wallet.

4. In the Policy field, select Spending Limit from the dropdown.

5. In the Wallet field, select a wallet from the dropdown.
6. In the Period field, enter the time period, as shown in the following screenshot. You can set the unit of time in hours or days.
7. In the Amount field, enter the maximum total amount that can be transacted in the time frame you have set.
8. Select Next to confirm the changes.

9. Select Approve to approve the policy rule.

10. Enter the unique code for two-factor authentication.
11. Select Continue to complete the process.