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Loopring Wallet Guide

Wallet Provider: Loopring Technology Limited

Official Website: https://loopring.io/#/wallet 

Compatible Operating Systems: iOS or Android 

Description: ZkRollup powers Loopring Wallet, the first Ethereum smart wallet ever created. Direct transactions on Loopring L2 are more rapid and affordable while also ensuring the security of the Ethereum mainnet. It gives you an option to choose institutions, people and hardware to be the guardians of your wallet. 

Step 1: Download Loopring Wallet

Download Loopring wallet either on Android or iOS.

Step 2: Open the Loopring App and click “Create a new wallet” on the homepage

Step 3: Choose a creation method, it can either be via mobile number or email 

Click Get Verification Code after entering your email address or mobile number, and then input the verification code. 

You can input a friend's invitation code as indicated below if you have it. You and your contacts will each receive 1,000 points once the wallet has been successfully formed. These points can then be used to offset future transfer fees.

Simply click [Skip] in the top right corner if you don't have an invitation code.

Step 4: Create a 6-digit password 

Once you create a password, it should take you to the main screen that looks like the following. You have now a wallet address, however it has to be activated.

Step 5: Activate your wallet address

In order to activate your wallet, it will require a small fee, which is an Ethereum transaction. Loopring supports five tokens for payment: LRC, ETH, USDT, USDC, and DAI

By clicking the “Activate” button, and then “Add Assets” button, the following should be visible. 

In order to avoid paying various gas fees for multiple transfers, it is advisable to transmit your money just once. The remaining funds will be automatically put into your wallet's L1 account after the wallet creation fee is taken into account.

Step 6: Wallet Creation 

The Loopring Wallet is a smart contract, and like with all smart contracts, validating one requires time. You'll get an SMS or email letting you know your wallet is live after your assets have been confirmed on Ethereum.

Loopring Wallet Overview 


  • Can set a daily transfer quota or lock it down 
  • The Loopring Wallet separates security from identification 
  • ZkRollup technology significantly boosts speeds and reduces costs 
  • Simple to upgrade for future circumstances 
  • Wallet fee table included 
  • Great security 
  • Loopring Exchange (Ethereum’s zkRollup DEX) 


  • Only available on Mobile devices
  • Requires a fee to activate the wallet 
  • Supports only Ethereum network assets 

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Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence. 

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