Skip to main content

Your first steps in Loop

What is on the Dashboard, the settings to turn on first, and where everything else lives.

Once you are inside your wallet, a few minutes of setup will save you a lot of time later. This page walks through what you see on the first screen, the settings we recommend turning on straight away, and where everything else lives.

What you see on the Dashboard

The Dashboard is your home screen. At the top you see the total value of everything you hold, together with how that value has moved over the last day, and a chart underneath it.

Below the chart is My Tokens, the list of everything currently in your wallet with the amount and the value of each one.

Across the top of that panel are the actions you will use most often:

  • Send Tokens moves an asset to another address.

  • Receive shows your own address so someone can send to you.

  • Bulk Transfer lets you send to more than one recipient in one go.

Your address is the long string at the top of your wallet, with a copy button beside it. You will see it called your party ID and your public wallet address in different places; they are the same string. Send it whenever you write to us, because it is what lets us find your wallet in the records.

The settings to turn on first

Open Settings from the left menu. On a phone the same menu is behind the menu button at the top of the screen. The panel called One-step Transfers is the one to deal with first. It decides whether money sent to you arrives on its own or sits waiting for you to accept it by hand.

The One-step Transfers panel in Loop Settings, showing both automatic acceptance switches turned on.

The One-step Transfers panel in Settings, with both switches on.

Accept incoming CC automatically. With this off, every incoming Canton Coin transfer waits for you to approve it, and each approval is a transaction on the network that carries a fee. With it on, eligible transfers arrive on their own and you pay nothing to receive them.

Accept utility transfers automatically. The same thing for the other tokens issued on the network. It covers transfers from issuers you have approved, so you stay in control of which ones are included rather than accepting anything that arrives.

Accepted utility tokens. This is where you choose which tokens the setting above applies to. Open Manage to see the list and pick the ones you are happy to receive automatically. The panel shows how many you currently have selected.

Each switch shows its state next to it, and switching it back off is done from the same place. Nothing here is permanent. One-step transfers goes into what each one costs.

UTXO Management

Further down in Settings, outside the panel shown above, is one more setting worth leaving on.

Your balance is not stored as a single number. It is held as separate pieces, and a transfer has to be built out of them. Leaving UTXO Management on lets your wallet keep those pieces tidy in the background, so you are far less likely to run into a transfer that cannot be built. UTXO merges: what they are and what they cost explains the rest.

Add the people you send to

Address Book, also in Settings, stores the addresses you use regularly under a name you choose. Sending to a saved name instead of pasting a long address each time removes the single most common cause of a lost transfer, which is sending to the wrong place.

A transfer cannot be reversed once it has left, so this is worth doing early.

Look after your Private Key

Settings also holds your Private Key. It is the only thing that proves the wallet is yours, and nobody at Loop can recover it or reset it for you.

Store it somewhere offline that only you can reach. Never type it into a website other than wallet.looptech.io, never send it in a message, and never share it with anyone who contacts you claiming to be support. Loop will never ask you for it.

The rest of the menu

  • Swap exchanges one asset for another.

  • Requests holds transfers waiting on you, split into Incoming, Outgoing and Deposits. An incoming item may need you to approve it before it completes, so it is worth checking here if something you expected has not arrived. This screen was called Offers before the rebrand.

  • History is the record of everything that has moved. Open a transaction to see its hash, its fee and its outcome.

  • Discover is the directory of the applications built to work with your wallet.

  • Currency, under Settings, sets the currency your balances are displayed in.

If you get stuck

Message us from this page, or write to [email protected]. Send your party ID with anything you report.

Related

Did this answer your question?