# Import

Importing is the process of moving your Loopring Smart Wallet from one device to another device.

{% hint style="warning" %}
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.
{% endhint %}

## Benefits of Import vs. Recovery <a href="#benefits_of_migrating_vs_recovering_my_wallet" id="benefits_of_migrating_vs_recovering_my_wallet"></a>

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.

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


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