Edit Spending Limit

Set a limit for how much you approve to spend when connecting wallet

When connecting your wallet to a dApp and performing actions like swaps or staking, the dApp typically requests permission to spend your tokens—often as an unlimited approval.

For trusted and well-established projects, granting unlimited approval is common and generally considered safe. However, not all dApps are reliable. If you accidentally approve unlimited token access to a malicious or unverified dApp, it could potentially drain all approved assets from your wallet. This is a common and serious security risk in the crypto space.

To address this, the KEYRING PRO Wallet introduces Edit Spending Cap in version 5.5.0.

How it works:

• When a dApp requests unlimited token approval, you now have the option to set a custom spending limit instead of simply Approve or Decline

• You can define the maximum amount of tokens the dApp is allowed to use

By setting a spending cap, you stay in control of your assets. Even if you interact with a risky dApp, potential losses are limited to the approved amount—acting as a safety net you hope to never need, but will be glad to have.