Import

Import your Loopring Smart Wallet from one device to another, gas-free!

Importing is the process of moving your Loopring Smart Wallet from one device to another device.
The Loopring Smart Wallet Mobile App is a self-custodial crypto wallet app that holds and stores the private keys, which gives you access to your funds -- these keys are not exposed publicly, and can only be stored on one phone or device at a time.
Benefits of Import vs. Recovery
To perform a wallet import, you will need access to the Loopring Smart Wallet on your original device so that it can generate a QR code to be scanned by your new device -- this feature does not require L1 smart contract interactions on Ethereum, meaning it is a gas-free process.

A wallet recovery is required when you no longer have access to your Loopring Smart Wallet or its private keys. Because recovery generates a new set of private keys, it also needs to update the smart contract which is a L1 interaction and thus you incur a gas fee. Additionally, recovery requires Guardians to approve the action.
Text
Recovery
Import
Gas Fee?
Yes
No
Guardians Required?
Yes
No
Require access to current device and Mobile App?
No
Yes

Text	Recovery	Import
Gas Fee?	Yes	No
Guardians Required?	Yes	No
Require access to current device and Mobile App?	No	Yes

Recover with Guardians

Import Process

Last modified 1mo ago