# Loopring Smart Wallet — Easy-to-use Ethereum wallet

> Self-custodial Ethereum wallet with zkRollups for secure, fast, and cheap transactions. (iPhone/iPad app by Loopring HK Technology Limited.)

- Source: https://appshunter.io/ios/app/loopring-smart-wallet/id1550921126 (this page in markdown: same URL + `.md`)
- Developer: [Loopring HK Technology Limited](https://appshunter.io/developer/1550894292)
- Category: Finance
- Price: Free with in-app purchases
- Rating: 4.85/5 from 1,696 App Store ratings · 242 written reviews indexed
- Age rating: 4+
- Requires: iOS 14.0 · 162 MB
- Languages: English, French, Portuguese, Chinese, Spanish, Chinese, Turkish
- Released: 2021-02-07
- Data updated: 2026-06-10
- Monetization: free with in-app purchases
- User reviews in markdown: https://appshunter.io/ios/app/loopring-smart-wallet/id1550921126/reviews.md

## What is Loopring Smart Wallet?

Be your own bank and stay in control with a Loopring wallet! 

• CHEAP, FAST and INTUITIVE
Harness the power of zkRollups with Loopring L2; trade, transfer assets with Ethereum-level security at 100x lower fees and faster transactions:
Easily move assets between your wallet’s L1 and L2 accounts.
Manage your NFT collections. Send and receive tokens/NFTs quickly; supporting ERC-20, ERC-721 and ERC-1155.
Trade assets using a simple Swap view; 

• SECURE, SMART and TRUSTLESS
The Loopring Wallet is self-custodial, meaning only you are in control of your assets. It is also managed by a smart contract, allowing for enhanced security features:
Social recovery with Guardians: trusted contacts help you protect and recover your wallet should you ever lose your mobile device. No Secret Recovery Phrases to remember or risk losing.
Cloud recovery: back up your wallet safely and securely to the cloud (iCloud / Google Drive)
Secure your wallet: increase the security by enabling two-factor authentication (2FA)
Lock your wallet: if your mobile device is lost or stolen, instantly lock your wallet until you're back in control.
Daily quotas: set limits for the maximum value of tokens that can be transferred in a 24 hour period.
Whitelist addresses: trusted contacts are exempt from your daily quota limit.

• EASY TO USE and FUN
Access additional features designed with quality of life in mind:
Bind an ENS to your wallet, making it easier to remember your address.
Sign in daily to earn points that can be used to cover transaction fees.

## Key features

- zkRollups L2 transactions
- Low fees and fast transactions
- NFT collection management
- Token and NFT transfers
- Smart contract security
- Social recovery with Guardians
- Cloud backup

## Pricing and in-app purchases

Base price: Free.

**One-time purchases**

| Purchase | Price | Type |
| --- | --- | --- |
| Send Fee | $0.99 | one-time |
| Send Fee | $2.99 | one-time |
| Send Fee | $4.99 | one-time |
| Send Fee | $6.99 | one-time |
| Send Fee | $49.99 | one-time |
| Send Fee | $9.99 | one-time |


## What do users think of Loopring Smart Wallet?

Overall sentiment: positive

**Pros**

- 🚀 Cheap/no gas fees
- 🔒 Secure wallet with guardian feature
- 👍 Easy to use and intuitive interface
- 🚀 Fast transactions on Layer 2
- 👍 Allows self-custody of crypto assets
- 💡 Innovative Layer 2 technology
- 🚀 Seamless fiat on-ramp
- 👍 Constantly improving with new features

**Cons**

- 💰 High initial setup cost
- 🐛 Activation/verification issues
- 🐛 Wallet migration problems
- 🐛 Occasional app crashes/bugs
- 💰 Fees to move between L1 and L2
- 👎 Lack of transparency around fees
- 👎 Poor customer support

**Commonly reported bugs**

- Activation process not working
- Wallet migration issues
- App crashes and freezes

**Most requested features**

- Easier L1 to L2 migration
- More educational resources for new users
- Improved analytics and earnings tracking
- Fiat off-ramp functionality
- Ability to import existing wallets

## Recent user reviews (10 of 242)

All indexed reviews: https://appshunter.io/ios/app/loopring-smart-wallet/id1550921126/reviews.md

### 1/5 — Genuinely disappointed

*2025-06-02, version 3.2.42*

I’ve held this coin since before the creation of this wallet and the slow drain that has been years of watching fake promises and a roadmap to zero has given me the valuable lesson to never trust terrible organizations like the one here. The developers and the fearless leader wang that ram away to create another money pit should be ashamed of themselves. So much promise and nothing brought to the table. Maybe have a hard look at your lives and the time and money you wasted could’ve actually created something great, yet here we are

### 1/5 — ZERO help from developers

*2025-02-03, version 3.2.39*

I’ve had a Loopring L2 account for a year and a half. I have submitted tickets for the entire time because I cannot get to my assets because I can’t “Activate” my account. I sent a bunch of assets to my wallet, so I have assets in there, but I can’t get to any of my crypto because Loopring will not reply to me via the ticket system or via social media. At this point I think they are just ghosting me to keep my money.

### 1/5 — Abandonware

*2024-10-11, version 3.2.25*

These guys rug pulled silently and then abandoned their entire project

### 1/5 — 2 dollars I won’t get back

*2024-09-24, version 3.2.34*

Sent the required amount of ETH to activate an L2 account and it put it into the L1 account which wasn’t activated. Now my ETH is stuck in there unless I pay 30 dollars to activate an L1 account.

### 4/5 — Easy

*2024-06-07, version 3.2.21*

Direkte Verknüpfung mit Base wäre super 👍

### 5/5 — The future is here

*2024-04-30, version 3.2.16*

See you later banks

### 5/5 — Loopring is the future

*2024-04-29, version 3.2.16*

I can’t say enough good things about this project and the community behind it. 🖤

### 5/5 — solid wallet - easy to use

*2024-03-19, version 3.2.9*

Been using loopring for 3 or so years. no complaints, better than i ever expected when i started using it years ago. Thanks loopring team!

### 1/5 — So complicated

*2024-02-20, version 3.2.8*

BYOD is never going to take off like this. If your parents or grandparets can't use it, it is too complicated.

Simplfy it or the banks win.

### 2/5 — L2 never activated. L1 did but L2 won’t activate.

*2024-01-07, version 3.1.25*

L2 won’t activate.

## Frequently asked questions about Loopring Smart Wallet

### What is the Loopring Smart Wallet?

The Loopring Smart Wallet is a self-custodial Ethereum wallet that leverages zkRollups technology for fast, secure, and low-fee transactions on Layer 2. It allows users to manage their digital assets, including tokens and NFTs, with enhanced security features.

### What are the key security features of the Loopring Wallet?

The wallet offers robust security through its smart contract management, including social recovery with trusted contacts (Guardians) instead of secret phrases, cloud backups to iCloud or Google Drive, two-factor authentication (2FA), the ability to instantly lock the wallet if lost or stolen, daily transfer quotas, and whitelisting of trusted addresses.

### How much does the Loopring Wallet cost?

The Loopring Wallet is free to download and use. While the app itself is free, users may incur transaction fees for certain operations on the blockchain, which can be partially covered by earning points through daily sign-ins.

### What types of assets can I manage with this wallet?

You can manage a wide range of digital assets, including ERC-20 tokens, ERC-721 NFTs, and ERC-1155 NFTs. The wallet also facilitates easy movement of assets between your L1 and L2 accounts.

### Is this wallet suitable for beginners?

Yes, the wallet is designed to be easy to use and fun, with features like binding an ENS name to your address for easier recall and earning points to cover transaction fees. It aims to provide an intuitive experience for managing crypto assets.

## Version history (last 5 releases)

### 3.2.43 — 2025-06-06

Fix several user experience issues.

### 3.2.42 — 2025-05-20

Portal UI/UX optimization.

### 3.2.41 — 2025-04-01

Fix several user experience issues.

### 3.2.40 — 2025-03-26

1. Add a Loopring DeFi entry to the Assets screen. Earn, Portal, and Block Trade have been migrated here.
2. Fix several user experience issues.

### 3.2.39 — 2025-01-23

Fix several user experience issues.

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*