Activate the full Loopring wallet
The full Loopring wallet consists of activating both Layer 1 and Layer 2
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The full Loopring wallet consists of activating both Layer 1 and Layer 2
Last updated
Was this helpful?
Read every statement on the page to ensure you understand how the Loopring Wallet works. If you understand and agree, please check every box to the left of the appropriate statement. Once you understand and confirm that you agree with all statements, tap the Confirm button to continue.
You need to pay the wallet creation fee before you can start creating a wallet. Loopring supports four kinds of tokens for payment: LRC, ETH, USDT and USDC.
It is best to send your funds once in order to avoid paying multiple gas fees for multiple transfers. Consider sending the entire amount you want held in your Loopring Wallet to avoid multiple costly transactions.
After the QR code appears, you can scan it or copy the address. You will then need to send funds from your previously activated L2, a centralized exchange, fiat on-ramp provider, or another Ethereum L1 wallet – funds must be sent to the L1 account.
Transfer the necessary ERC-20 tokens to the address shown. Once the gas for the wallet creation fee is consumed, the remaining funds will be automatically deposited into your wallet’s L1 account.
After confirming payment, you need to wait for the confirmation on-chain before the assets are credited to the account. After the assets are confirmed, the wallet will automatically begin the creation process. Since this is a smart contract wallet, it may take some time to create - please be patient. After the wallet is successfully created, you will receive a SMS or email reminder.
You’re on the future of Ethereum!
Congratulations! Welcome to the Loopring Smart Wallet experience and say goodbye to cumbersome private keys and seed phrases – while still retaining 100% control over your assets.