Hi, I have a question: Currently I'm keeping my LRCs on

Question

Hi, I have a question: Currently I'm keeping my LRCs on

a CEX. I would like to move them to the Loopring wallet, but I wonder how fast I can react in case my phone gets lost or stolen.

For example.. I also have an Exodus wallet, which is accessible from the pc too.

So, I feel safe in the sense that if I lose my phone I can immediately access the Exodus wallet from my pc and move all the assets elsewhere.

I know that Loopring has guardians, but I never took time to think about it.

May I ask you how does that work or a reference where I can read it properly?

The possibility of accessing the same wallet from both the pc and the phone is something that really matters to me.

#cryptocurrency #english #loopring

0

06.02.2022

6 ответов

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Ovvlu

1) set up security on your phone better 2) don't use exodus for anything other than a hot wallet 3) don't use the same privkey amongst devices - unless it's a hot wallet with $10 in it. 4) your hypothetical situation isn't unique to Loopring but to any coin held in Exodus. 5) use the Loopring smart wallet and set up guardians or use a hardware wallet

0

06.02.2022

Rick Sanchez Автор вопроса

Ovvlu
1) set up security on your phone better 2) don't u...

1) This answer is honestly too vague. As long as a phone can be easily stolen, the funds it stores are in danger. Having another access to those funds is a good strategy in my opinion. 2) Ehm.. why? Your statement comes alone, without any comment about it. That could be said about every other wallet. 3) I know it's a risk, however since it's just two devices I think the benefit outbalances the risk. 4) What do you mean with this? I don't get it. I spoke about Exodus as an example. Many wallets offer the possibility to be accessed by phone and PC at the same time. If the Loopring wallet was accessible from the pc as well would it be so much riskier? 5) Well.. I literally asked about it, and your answer is "just do it"?

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06.02.2022

Meow R

Rick Sanchez
1) This answer is honestly too vague. As long as a...

I agree with you

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06.02.2022

Ben

https://desk.zoho.com/portal/loopring/en/kb/loopring/smart-wallet-mobile-app/guardians-security

0

06.02.2022

Rick Sanchez Автор вопроса