Why does Dollarparking require a trading limit?

What is the trading limit for?

The trading limit is a measure designed to protect the funds in your wallet.

It lets you approve only the funds you plan to use for trading instead of all the funds in your wallet.

Setting a limit for the amount you need can reduce the risks associated with granting unlimited token permissions.

Does it limit each trade, the number of trades, and the total amount?

The limit you set is a total trading limit.

You can make multiple trades within the limit, and the remaining limit decreases by the amount used in each trade.

For example, if you approve KRW 10 million and then trade KRW 1 million, KRW 9 million remains.

It does not separately restrict the amount of a single trade or the number of trades.

What happens if a trade exceeds the remaining limit?

A trade for more than the remaining limit will not be completed.

You need to set the limit again before making the trade.

Why is there a network fee when setting a limit?

A network fee is charged because the limit setting is recorded on the blockchain network.

The USD 0.71 shown on the screen is not a fixed fee.

The fee is generally around USD 1 and does not change based on whether the limit is large or small.

Before setting the limit, check the final network fee displayed in your wallet.

Do I need to set separate limits for buying and selling?

Yes.

Buying and selling use different tokens, so you need to set a limit for each one.

Set only the amount you plan to use for trading.