In-app L1 to External L1
Withdrawal from Ethereum Layer 1 in-app to an external Layer 1 address
Last updated
Withdrawal from Ethereum Layer 1 in-app to an external Layer 1 address
Last updated
Please use this method when transferring assets from your Loopring L1 account to a centralized exchange (CEX) or to an external wallet address on L1, such as MetaMask.
When transferring assets from your L1 to an external L1 address, there are a few things to be aware of:
When interacting with the L1 account, you will incur an Ethereum gas fee
With the app open:
Tap Ethereum L1
Tap Send
Tap To another ETH wallet (incl. Exchange)
While on the Choose the payee screen, you may select the recipient by any of the following methods:
Enter or search the contact’s name, address, or ENS
Tap the contact’s name or address in the list
Tap the scan icon in the top-right corner to scan the recipient’s QR code
Back on the L1 Send screen:
Enter the amount of tokens to transfer to the external L1 account. To transfer all of the tokens, simply tap All.
Confirm the details one more time. When you are ready to proceed, tap Next.
The Loopring Wallet will use your token order located in Settings > Fee Preference when determining the token used for paying fees. You have the option to change the token on the Confirmation screen.
Ensure you have more than enough tokens in your balance to pay the fee or the remainder needed may be taken from the other layer’s balance.
Tap Change
If needed, change the Layer the token will be paid from
Tap the token used to pay the gas fee
If needed, change the transaction speed (this will also change the amount needed for the gas fee)
Slower is usually cheaper, while faster is usually more expensive
Tap Confirm when you are ready to proceed
While on the Confirm the Transfer screen, please confirm the following:
The token and amount transferred
The From and To fields
From should contain My Ethereum Account
To should contain the Contact/Ethereum Account
Fee preference and amount
As a reminder, transactions on the blockchain are final. After reviewing the information above, tap Confirm to submit the transaction.
Congratulations! You’ve successfully completed and submitted a Layer 1 transfer using the Loopring Smart Wallet.
Enter the token to transfer to the external L1 account. Tap to select from a list of available tokens in your L1 balance.