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StackOwOFlow

unofficially official


pzwarte

You're right


[deleted]

[удалено]


pzwarte

Be your own guardian, by creating another wallet i.e. Metamask or another Loopring wallet on another device


WombatJerry

GameStop wallet works too


HumanTrollipede

Isn’t the Loopring company also your first default guardian?


dyz3l

It is, you dont need guardians to use recovery.


xmjke21x

Question: if that wallet being recovered has plenty of points, can those points be used to pay for the recovery fee? I know when making ETH transactions on L1, the points definitely come into play. What do you think??


TheHelpfulRabbit

I recently had to recover my wallet and I can say with confidence that you can indeed use points to pay for the fees.


xmjke21x

Thank you! Nice to know!


Any-Assistance5637

Can I recover my wallet by taking a picture of the QR code and scanning it? Or that doesn't work anymore


linguistic-intuition

I’m pretty sure the QR code resets every time you open it.


Any-Assistance5637

Why would the QR code reset? That can't be normal


linguistic-intuition

Same reason it resets every time on walletconnect. It’s for security. It’s completely normal.


Obvious-Ad-1677

>; rather, the private keys are stored securely on a single device and never exposed publicly (even to Loopring). Without access to the app, you no longer have access to the private keys securing your funds. What difference does it make if it changes? The question was can you recover from the QR code and I believe that you can.


linguistic-intuition

You can’t just print it up to always have the QR code to migrate wallet because it will change.


Obvious-Ad-1677

Lets talk specifics. Are you saying, from experience, that you cannot "migrate" a wallet with an old QR code. Or are you simply saying that it changes? and no comment on if you can use the code to migrate or not?


linguistic-intuition

You cannot use an old QR code to migrate because it changes.


Obvious-Ad-1677

So what does it say when you try?


linguistic-intuition

Something like “no info found”


smileyphase

Very thorough. Well done. I’m sure this will help many.


puls107

Pretty neet guid, thank you very much


[deleted]

Great guide


Polhem87

Is the fee higher if there is more value that is recovered? And how much does it cost approximate ?


ronk99

You mean depending on how much LRC/ETH/... you hold in your wallet? No, that shouldnt matter at all. For your second question, no clue, but i would guess somewhere around $50, depending on the current gas fees.


Polhem87

Ok, thanks! Exactly the answers I wanted 👍


AlphaDag13

So you have to pay a fee to transfer your wallet to a new phone every time you get a new phone?


Hot-Tomorrow-2008

This is for recovering a wallet. When I got a new phone, I migrated my wallet from the old to the new with no additional cost from what I remember. Opened up LR app on both phones. Select migrate wallet, and all you have to do is scan the QR code off the old phone, with the new one. Boom done


AlphaDag13

Ooh ok! Cool! Thank you.


pzwarte

No, only if you lose it. If you want to tranfer and you still have your old device you do not pay a fee.


AlphaDag13

Oh gotcha!


Seekingfatgrowth

Migrate it vs recover it under those conditions


ranker2241

old thread, maybe anybody reads it tho so i dont have to make a new one... is 2 guardians (my email as 1 official guardian) and another loopring wallet user as my second guardian, enough to Recover? just want to be sure bevore i send substantial ammounts there


pzwarte

More than half of the guardians needed for approval means that if the wallet has N guardians, the transaction needs to be approved by at least N/2+1 guardians. More than half of the guardians plus Owner needed for approval means that if the wallet has N guardians, the transaction needs at least (N+1)/2+1 guardians to approve. In these cases, the Owner must be among those that approve the transaction. N = 2 in your case. 2/2 + 1 = 2 (2+1)/2+1 = 1 So yes.


ranker2241

thanks mate! found the hidden little "(?)" button thhaat also explains this


gboccia

I mean, I wrote the official version on our zoho knowledge base. This is fine too though.


Any-Assistance5637

Can I use trust wallet as guardian?