- SETTING UP ETHEREUM WALLET HOW TO
- SETTING UP ETHEREUM WALLET INSTALL
- SETTING UP ETHEREUM WALLET VERIFICATION
The nascent project, dubbed M圜rypto, is similar to the original, so much so that it’s actually a software fork of the MyEtherWallet code. Now that your wallet is live, simply click to activate your L2 account on the homepage to start benefiting from L2’s gas-free and lightning-fast transactions.Co-Founder of MyEtherWallet Breaks from Project, Forks Software to Create My CryptoĬolin Monahan, the co-founder of MyEtherWallet (MEW), has left her baby to begin work on a new venture. Once your assets have been confirmed on Ethereum, your wallet is created and you’ll receive an SMS or email notifying you it’s live. The Loopring Wallet is a smart contract and like any other smart contract, it takes time to validate. Assets are confirmedĪfter you have submitted your payment, you’ll need to wait for the transaction to be confirmed on-chain in order for your assets to arrive. Then click in the pop-up window at the bottom. Once the wallet creation fee is accounted for, the remaining assets will be automatically deposited into your wallet’s L1 account.Īfter payment, click the ellipsis icon in the upper right of your wallet. It is best to send your funds once in order to avoid paying multiple gas fees for multiple transfers. Loopring supports five tokens for payment: LRC, ETH, USDT, USDC, and DAI.Īfter the QR code appears in your wallet, you can scan it (or copy the address) from a centralized exchange or any Ethereum wallet to pay.
Select Payment Methodīefore you can create your wallet, you’ll need to pay the wallet creation fee (which is an Ethereum transaction).
The cost of creating a wallet will vary with the Ethereum GAS fee. Generally, transfers consume less gas, while smart contract execution consumes more gas (the more complex the contract, the more gas is consumed). Loopring Wallet is a smart wallet, and the creation of the wallet needs to call the Ethereum contract. The wallet name here is actually the ENS domain name provided by Loopring Wallet, which can also be inherited and transferred in the future. The wallet name you create is unique on the entire network and is valid forever. If you don’t have an invitation code, just click at the top right. Once the wallet is successfully created, both you and your friends will earn 1,000 points, which can be used to deduct transfer fees in the future. If you have a friend’s invitation code, you can enter it as shown below.
SETTING UP ETHEREUM WALLET VERIFICATION
(Note: if your mobile phone number does not receive the verification code, register with an email instead). Registering with either a mobile phone number or email address can help Loopring’s Official Guardian verify your identity and message you when the wallet has been created.Įnter your mobile phone number or email address, click Get verification code, and then enter the verification code. Open Loopring Wallet APP and click on the homepage 3.
SETTING UP ETHEREUM WALLET INSTALL
Install Loopring Walletĭownload Loopring Wallet on either iOS or Android.
SETTING UP ETHEREUM WALLET HOW TO
In this guide, we will teach you how to create a Loopring Smart Wallet. With the Loopring Wallet, users only pay 1% of Ethereum Layer-1 fees, for a payment experience comparable to Visa and Paypal.
Users can ensure their assets' security by choosing their trusted third party as the guardian. Users no longer need cumbersome private keys and mnemonics. Loopring Wallet is the world's first Ethereum smart wallet powered by zkRollup.
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