> ## Documentation Index
> Fetch the complete documentation index at: https://docs.anchorage.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Trusted counterparties

> Manage trusted organizations and relationships for regular transfers.

Trusted counterparties are organizations or external partners you have regular transfers with. By designating them as trusted, you can streamline approval workflows and simplify recurring transactions. This feature is available for organizations that have enabled counterparty management.

<Note>
  Trusted counterparties is a feature for organizations with recurring transfer relationships. Ask your administrator if this is enabled for your organization.
</Note>

## What is a trusted counterparty

A trusted counterparty is:

* **An organization or relationship** — Unlike [trusted destinations](/knowledge-base/porto/assets/trusted-destinations) which are individual wallet addresses, counterparties represent entire organizations
* **Pre-approved for transfers** — You can transfer assets to their approved wallet addresses with streamlined approvals
* **Reduced friction** — Transfers to trusted counterparties may require fewer approvals
* **Auditable relationship** — Your organization keeps a record of all transfers to trusted counterparties

## Add a trusted counterparty

<Steps>
  <Step title="Open settings">
    From the home screen, tap the **Settings** icon.
  </Step>

  <Step title="Select trusted counterparties">
    Look for **Trusted counterparties**, **Partners**, or **External organizations** in settings.
  </Step>

  <Step title="Tap add counterparty">
    Select **Add counterparty** or the **+** button.
  </Step>

  <Step title="Enter counterparty details">
    Provide:

    * **Organization name** — Name of the external organization (e.g., "Exchange Settlement Account")
    * **Description** — Notes about the relationship (e.g., "Daily settlements with X exchange")
    * **Administrator contact** — Email or contact info for their account administrator
  </Step>

  <Step title="Add wallet addresses">
    List all wallet addresses this counterparty will receive transfers at. Include:

    * **Address** — The wallet address (verify carefully)
    * **Asset type** — Which asset this address receives (Bitcoin, Ethereum, etc.)
    * **Label** — A name for this address (e.g., "Settlement wallet")
  </Step>

  <Step title="Set approval requirements">
    Configure how transfers to this counterparty are approved:

    * **Standard approval** — Use vault policies
    * **Fast approval** — Reduced approval requirements for trusted counterparties
    * **Single approver** — Only one approver needed instead of quorum
  </Step>

  <Step title="Submit for approval">
    Tap **Submit**. Adding a trusted counterparty requires approval based on your policies.
  </Step>

  <Step title="Approve if authorized">
    If you have approval permissions, complete biometric authentication to authorize adding this counterparty.
  </Step>
</Steps>

<Warning>
  Adding a trusted counterparty reduces approval friction, which can speed up transfers but also increases risk. Only add counterparties you have verified and trust completely.
</Warning>

## View trusted counterparties

<Steps>
  <Step title="Open settings">
    From the home screen, tap **Settings**.
  </Step>

  <Step title="Select trusted counterparties">
    Go to **Trusted counterparties** to see all organizations you've designated as trusted.
  </Step>

  <Step title="View details">
    Tap a counterparty to see:

    * Organization name and description
    * All associated wallet addresses
    * Approval requirements
    * Transfer history
  </Step>
</Steps>

## Transfer to a trusted counterparty

<Steps>
  <Step title="Initiate withdrawal">
    Open a vault, select an asset, and tap **Send** or **Withdraw**.
  </Step>

  <Step title="Choose trusted counterparty">
    Look for a **Select counterparty** or **Trusted organizations** option.
  </Step>

  <Step title="Select the counterparty">
    Choose the organization you want to transfer to.
  </Step>

  <Step title="Select the address">
    Choose which address of theirs to send to (if they have multiple).
  </Step>

  <Step title="Enter amount">
    Type the amount you want to transfer. The app will show fees and confirm your balance.
  </Step>

  <Step title="Review and submit">
    Verify the counterparty name, address, and amount are correct.
  </Step>

  <Step title="Approve transfer">
    Complete biometric authentication. If fast approval is enabled, the transfer may complete quickly.
  </Step>
</Steps>

## Edit a trusted counterparty

<Steps>
  <Step title="Go to settings">
    Tap **Settings** > **Trusted counterparties**.
  </Step>

  <Step title="Select the counterparty">
    Tap the organization you want to edit.
  </Step>

  <Step title="Tap edit">
    Select **Edit** or the pencil icon.
  </Step>

  <Step title="Make changes">
    You can update:

    * Description and contact information
    * Wallet addresses (add new ones or mark old ones as inactive)
    * Approval requirements
  </Step>

  <Step title="Submit for approval">
    Changes to trusted counterparties require approval.
  </Step>
</Steps>

## Remove a trusted counterparty

Removing a trusted counterparty prevents future transfers to them. Historical transfers remain in your audit trail.

<Steps>
  <Step title="Go to settings">
    Tap **Settings** > **Trusted counterparties**.
  </Step>

  <Step title="Select the counterparty">
    Tap the organization you want to remove.
  </Step>

  <Step title="Tap remove">
    Select **Remove counterparty** or **Delete**.
  </Step>

  <Step title="Confirm removal">
    You'll be asked to confirm you want to remove this counterparty.
  </Step>

  <Step title="Approve if required">
    Depending on your policies, removal may require approval.
  </Step>
</Steps>

<Note>
  Removing a counterparty doesn't affect historical transfers. All past transactions with them remain in your Activity log.
</Note>

## Counterparties vs. destinations

| Feature        | Trusted counterparties                        | Trusted destinations                  |
| :------------- | :-------------------------------------------- | :------------------------------------ |
| **Scope**      | Organizations or relationships                | Individual wallet addresses           |
| **Use case**   | Recurring transfers to the same organization  | Single one-time or frequent addresses |
| **Approval**   | Can customize approval rules per counterparty | Uses vault policies                   |
| **Management** | Managed at organization level                 | Can be personal or organization-wide  |
| **Requires**   | Admin setup and approval                      | User permissions                      |

If you have a single address to use repeatedly, see [Trusted destinations](/knowledge-base/porto/assets/trusted-destinations). If you have an ongoing relationship with an organization with multiple addresses, use [Trusted counterparties](/knowledge-base/porto/assets/trusted-counterparties).

## For administrators

If you're setting up counterparty management for your organization, see your admin dashboard for:

* Configuring counterparty approval requirements
* Setting organization-wide counterparty policies
* Approving new counterparties
* Managing counterparty relationships