Lootbase is a self-custody blockchain wallet app designed with your security in mind.
Account Setup and Wallet Creation:
Sign Up Easily: Create your account using your email and a secure passkey (supported via Touch ID, Face ID, or a passcode).
Embedded Wallets: When you sign up, Lootbase automatically generates an embedded wallet on each supported blockchain for your account. We accomplish this through our trusted Multi-Party Computation (MPC) infrastructure partner, Privy.
Self-Custody and Security:
Your Funds, Your Control: Since the wallets are self-custodial, only you can authorize transactions with your passkey. This ensures that you have sole control over your assets.
No Recovery Assistance: Please note that if you lose access to your account email or passkey, the Lootbase team will be unable to recover your funds. We cannot freeze, transfer, or recover funds on your behalf.
For more details on our security architecture and how Privy helps safeguard your funds, visit Privy Documentation.
By maintaining self-custody, Lootbase empowers you to manage your funds independently while upholding the highest security standards.
Note: Lootbase is not an exchange, and does not custody funds or maintain an orderbook. Our partner, MoonPay Inc. handles custody of funds and crypto during deposits and withdrawals.