Create a transaction

Create transactions in accounts in which you have the Creator role.

Only Operators can create transactions on Ledger Vault

Before you start

Transaction rules are specific to each account

They are configured by Administrators either during account creation or through later updates. These rules may define:

• Who is allowed to create transactions (Operators)

• The permitted transaction amount range

• A list of approved recipients (see [Whitelists])

• Which Operators must approve a transaction, and how many are required

To view the transaction rules for a specific account, navigate to: Accounts > Account Dashboard > Rules tab

Transaction may be blocked

You won’t be able to create transactions in the following cases:

• The account is currently pending edits.

• A group or whitelist used in the account’s transaction rules is pending edits.

Please wait until the pending changes are approved before attempting to create a transaction.

Best practices

• Send a test transaction first: Before transferring a large amount, we recommend sending a small amount to confirm that the recipient receives it correctly.

• UTXO consolidation may be required: For large Bitcoin transactions, you may need to consolidate UTXOs first. Learn more about UTXO consolidation.

• Set up your Personal Security Device: Ensure your device is connected, powered on, and the Ledger Vault app is open before proceeding with any transaction.

Instructions

Step 1. Select an account and enter the recipient's address

1. Click New transaction on the left panel.

1. Select the Account to debit .

2. Enter the Recipient address or select one from the drop-down list if a whitelist has been linked to the account. Note: for SPL tokens, the Solana parent Account address can be provided as a recipient.

3. Enter the Amount to be transferred.

4. (optional) Click Advanced and select a UTXO selection strategy . This field appears for UTXO-based coins only.

   1. Merge outputs: To select UTXOs which have the lowest amounts. This is the method used by default.

   2. Optimize size: To optimise the sanity of your account/later transactions (focusing on UTXOs with the lowest amounts; if not possible - focusing on the lowest among the UTXOs with the highest amounts).

   3. Deep outputs first: To select UTXOs which have the highest amount of confirmations on the blockchain.

1. Click Next .

Step 2. Select your fees

1. Select the Transaction fees. See Transaction fees & speed for more details.
2. Click Next .

Step 3. Add comments (optional)

1. Enter a meaningful Title that will help you identify the transaction quickly.

2. Enter additional details in the Comments field.

3. Click Next .

Step 4. Confirm the transaction creation request on your device

1. Review the summary of the transaction.

2. Click Create transaction .

3. Verify that the information displayed on your device is accurate. If it's not, either try again or contact Support .
4. Tap Confirm when prompted by your device to confirm.

Note that for ERC20 tokens, the Total amount field doesn't include the gas fees as these are expressed in Ethereum.

Results

A Create transaction request is created. Depending on the approval workflow defined for the account, the request might need to be approved by other Operators.

• To review the approval workflow, go to the account's details page Account > Account dashboard > Settings.

• The transaction will be blocked if an Operator in the approval workflow who has approved the request is revoked.

Tezos note

If you've created your first transaction in a new Tezos (XTZ) account, a reveal transaction is automatically created by the Ledger Vault to make the public address of the account known to the Tezos network. This transaction is mandatory and costs 0.0025XTZ in fees. If you create multiple transactions at a time in a new Tezos account, these transactions will be put on hold until the first one is approved.

The Tezos feature is currently available on demand. Please contact your Technical Account Manager for more information.

What's next?

The request is submitted for approval to the necessary Operators, and must be processed before the 7-day expiry date. If the request expires a new one must be created. The transaction will be broadcasted to the blockchain network once all approvals have been collected.