Spending Limit

The Spending Limits feature in AbstraWallet is designed to provide users with greater control over their digital assets by setting caps on the amount that can be spent within a specified period. This feature enhances security and financial management, helping users protect their funds from unauthorized or excessive expenditures.

Key Benefits

1. Enhanced Security:

   • Prevent Unauthorized Transactions: By setting spending limits, users can restrict the maximum amount that can be spent in a single transaction or over a specific period, reducing the risk of unauthorized or fraudulent transactions.

   • Protection Against Hacks: Spending limits act as a safeguard against potential hacks, ensuring that even if an account is compromised, the damage is minimized by the preset limits.

2. Financial Control:

   • Budget Management: Users can manage their finances more effectively by setting daily, weekly, or monthly spending limits. This helps in budgeting and prevents overspending, providing better control over personal or business finances.

   • Customizable Limits: Users have the flexibility to adjust their spending limits based on their needs and financial goals, allowing for personalized financial management.

3. User-Friendly Experience:

   • Easy Configuration: Setting up spending limits is straightforward and can be done directly within the AbstraWallet interface. Users can easily define and modify their limits as needed.

   • Alerts and Notifications: Users receive alerts and notifications when their spending approaches or exceeds the set limits, ensuring they stay informed about their financial activities.