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I. Function Introduction

The withdrawal strategy is an important feature in the ChainUp Custody wallet, used to manage and control the approval process and restrictions of withdrawal transactions. Through the withdrawal strategy, users can flexibly define parameters such as approval actions, approvers, the number of approvers required, and withdrawal limits to ensure fund security and compliance.

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II. Operation Procedure

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1. Withdrawal Strategy Configuration

1

Enter the Withdrawal Strategy Configuration Page

Log in to ChainUp Custody PC, navigate to the withdrawal strategy configuration page.

2

Configure Withdrawal Strategy Parameters

On the withdrawal strategy configuration page, you can configure the following parameters:

  1. Approval Actions: Define the business type of withdrawal that requires approver approval, the optional actions include approval or no approval.
  2. Approvers: Specify the approvers for withdrawal approval, up to 10 approvers can be added.
  3. Number of Approvers Required: Users can customize the number of approvers that meet the standard, the number of approvals must be more than 50% of the total number of approvers.
  4. Withdrawal Limit: The withdrawal quantity is calculated based on the market price of the currency. If the market price of the currency is not obtained, the withdrawal quantity is not limited.
  5. Transaction On-Chain Setting: Set whether the transaction must be on-chain, and a switch can be set to control the execution method of the transaction.
3

Save Configuration

After the configuration is complete, please save your withdrawal strategy settings to ensure they take effect.

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2. Manual Withdrawal Strategy

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Withdrawal orders initiated through the page (non-API)

1

Approval Trigger Condition Configuration

Currently, manual withdrawal orders will be risk-controlled according to your configured approval trigger conditions and currency approval strategy.

2

Set Withdrawal Value Threshold

Set the withdrawal value threshold (U), when the value of the withdrawal order equals or exceeds the threshold, the wallet member approval process will be triggered. If it is below this threshold, it will be processed directly.

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3. API Withdrawal Strategy

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API withdrawal order processing

1

Approval Strategy Setting

The approval strategy for API withdrawal orders: When turned on: API withdrawal orders will comply with the approval strategy;

If turned off: The system will automatically approve all API withdrawal orders, API orders will not comply with the approval strategy.

2

Set Withdrawal Value Threshold

Set the withdrawal value threshold (U), when the value of the withdrawal order equals or exceeds the threshold, the wallet member approval process will be triggered. If it is below this threshold, it will be processed directly.

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IV. Frequently Asked Questions

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API Management