How to transfer from your Loopring Smart wallet L2 balance to another Loopring wallet L2

How to transfer from your Loopring Smart wallet L2 balance to another Loopring wallet L2

Transfer between two Loopring Layer 2 wallets

Please ensure you are transferring assets to an address that supports Loopring L2. As a reminder, the wallet needs to be a Loopring or EOA Wallet on the Ethereum blockchain. If you need to transfer funds to another type of smart wallet (Argent, Gnosis Safe, etc…), you will need to send them to the L1 account

 

When transferring assets from your L2 to an external L2 address, there are a few things to be aware of:

  1. Transfers on Layer 2 will incur a small transaction fee. This fee will be taken from the token you select at the fee stage. 

Open the Loopring Smart Wallet app

With the app open:

  1. Tap Loopring L2

  2. Tap Send

  3. Tap To another Loopring L2 account

 

Select the recipient address

While on the Choose the payee screen, you may select the recipient by any of the following methods:

  1. Enter or search the contact’s name, address, or ENS

  2. Tap the contact’s name or address in the list

  3. Tap the scan icon in the top-right corner to scan the recipient’s QR code


Select the Address Type

While on the L2 Send screen:

  1. Tap Select in the Address Type field to indicate the type of wallet you are transferring  assets to:

  2. While in the Address Type screen, select the type of address

    1. EOA Wallet

      1. Includes wallets that do not bind with a smart contract (MetaMask, GameStop Wallet, imToken, Ledger, Trezor, etc…)

    2. Loopring Wallet

      1. Recipient has already activated their wallet

    3. Exchange

      1. Currently not supported

  3. Tap Confirm





Set the transfer token and amount

Back on the L2 Send screen:

  1. Enter the token to transfer to the external L2 account. Tap to select from a list of available tokens in your L2 balance.

  2. Enter the amount of tokens to transfer to the external L2 account. To transfer all of the tokens, simply tap All.

  3. Confirm the details one more time. When you are ready to proceed, tap Next.


 

Verify the gas fee payment preferences

The Loopring Wallet will use your token order located in Settings > Fee Preference when determining the token used for paying fees. You have the option to change the token on the Confirmation screen. Please ensure you have more than enough tokens in your balance to pay the fee or the remainder needed may be taken from the other layer’s balance.


  1. Tap Change

  2. Tap the token used to pay the gas fee

  3. Tap Confirm when you are ready to proceed

 

 

Confirm the Transfer

While on the Confirm the Transfer screen, please confirm the following:


  1. The token and amount transferred

  2. The From and To fields

    1. From should contain My Loopring Account

    2. To should contain the Contact/Loopring Account

  3. Fee preference and amount


As a reminder, transactions on the blockchain are final. After reviewing the information above, tap Confirm to submit the transaction.


Congratulations! You’ve successfully completed and submitted a Layer 2 transfer using the Loopring Smart Wallet.