What is Loopring Smart Wallet?

Loopring smart wallet is a smart contract we help users deploy to Ethereum main net. If you don't know the difference between the EOA address and the contract address on Ethereum, please see this.

You can check our wallet smart contract source code here.

How It works

Create a New Wallet In Loopring Wallet Mobile APP

Our mobile APP will generate a key pair for you at first which will be permanently stored in your phone. Only your self can access your deployed smart wallet with this key, we do not control your wallet.

Then we will generate an EOA address for you, which is your future wallet address. You need to transfer enough gas fee to this address so as to deploy the wallet smart contract code to your address. The gas fee is used to pay Ethereum miners and Loopring does not take profit.

Once we detect your transfer is enough your wallet will be created within several minutes in most situations. The smart contract is registered by your own private key, only you can control this wallet.

Recover an Existing Wallet In Loopring Mobile APP

If you delete the APP, you will lose your private key permanently. If you install the APP again you will get a different key pair. Your wallet was registered by your old key pair, now you need to recover the wallet by replacing your old key pair with the new one to your wallet smart contract on Ethereum.

Please be aware that every transaction on Ethereum costs a gas fee, so as to recover action.