imToken is one of the most widely used cryptocurrency wallets in the blockchain space, trusted by millions of users worldwide. Designed as a decentralized digital asset management tool, imToken provides a secure and user-friendly platform for storing, managing, and transferring various cryptocurrencies such as Ethereum (ETH), Bitcoin (BTC), EOS, and a vast range of ERC20 tokens.
Launched in May 2016, imToken has evolved into a leading mobile wallet application that emphasizes security, simplicity, and multi-chain support. While it began primarily as an Ethereum-focused wallet, it now supports multiple blockchain networks and digital assets, making it a go-to choice for both beginners and experienced crypto users.
👉 Discover how to securely manage your Ethereum and ERC20 tokens today.
Understanding imToken: Is It Based on ERC20?
Yes — imToken is fundamentally built around the Ethereum ecosystem and supports ERC20 tokens natively. This means every wallet address generated by imToken can hold ETH and any token issued on the Ethereum network, including popular ones like USDT (ERC20), DAI, MKR, REP, and DGD.
However, it's important to clarify a common misconception: a cryptocurrency wallet doesn’t store actual coins or tokens. Instead, it stores your private keys — cryptographic credentials that allow you to access and control your funds on the blockchain. imToken encrypts these private keys and stores them locally on your device, ensuring that only you have control over your assets.
This local storage model makes imToken a software (hot) wallet, as opposed to hardware (cold) wallets like Ledger, which offer air-gapped security through physical devices. While hardware wallets generally provide higher security, software wallets like imToken balance convenience and protection for everyday use.
Does imToken Support ETH_loop?
As of now, imToken does not officially support a token or network called "ETH_loop". There is no verified blockchain project or ERC20 token by that exact name listed on major cryptocurrency tracking platforms such as Etherscan, CoinMarketCap, or CoinGecko.
It’s possible that “eth_loop” refers to:
- A misspelling or misinterpretation of another token name.
- A non-existent or scam project attempting to mimic legitimate Ethereum-based assets.
- An internal term used within a specific community or platform not integrated with imToken.
Because imToken allows users to manually add custom tokens via contract address, some may attempt to import unrecognized tokens like "ETH_loop". However, doing so carries significant risks:
- Loss of funds if the contract is malicious.
- Inability to recover assets if the token isn’t legitimate.
- Exposure to phishing or spoofing attacks.
Always verify token contract addresses through official sources before adding them to your wallet.
👉 Learn how to safely add and manage custom tokens in your wallet.
Supported Assets and Multi-Chain Capabilities
imToken goes beyond basic ETH and ERC20 support. The wallet currently supports multiple blockchains and their native assets:
- Ethereum (ETH) and all ERC20/ERC721 tokens
- Bitcoin (BTC)
- EOS
- Cosmos (ATOM)
- BNB Smart Chain (BSC)
- Polygon (MATIC)
- Filecoin (FIL)
- Solana (SOL) — limited support in newer versions
This multi-chain architecture enables users to interact with decentralized applications (dApps), swap tokens via built-in decentralized exchanges (DEXs), stake assets, and participate in Initial DEX Offerings (IDOs) directly from the app.
For users managing diverse portfolios, this flexibility eliminates the need for multiple wallets — a key reason why imToken remains among the top choices globally.
Security Best Practices When Using imToken
While imToken employs strong encryption and local key storage, user behavior plays a crucial role in maintaining security:
- Never share your 12-word recovery phrase — This is the master key to your wallet. If lost or stolen, your funds could be compromised permanently.
- Download only from official sources — Always install imToken from the official website (token.im) or trusted app stores.
- Enable biometric authentication — Use fingerprint or face recognition for an added layer of protection.
- Avoid public Wi-Fi when transacting — Public networks increase the risk of data interception.
- Regularly update the app — Updates often include critical security patches.
Remember: imToken is a non-custodial wallet. That means you are responsible for your own security — there’s no customer service to recover lost keys.
How to Send and Receive Cryptocurrency in imToken
Using imToken for transactions is straightforward:
- Open the app and select the desired asset (e.g., ETH or USDT).
- Tap “Receive” to display your wallet address — share this with the sender.
- To send funds, tap “Send”, enter the recipient’s address, amount, and gas fee settings.
- Confirm the transaction with your password or biometrics.
Always double-check addresses before confirming transfers — blockchain transactions are irreversible.
Frequently Asked Questions (FAQ)
Q: Can imToken store Bitcoin (BTC)?
A: Yes. imToken supports Bitcoin alongside Ethereum and several other major cryptocurrencies.
Q: Is imToken a Chinese company?
A: imToken was founded by a team based in China but operates internationally. It serves users globally and complies with regional regulations where applicable.
Q: Can I use imToken without KYC?
A: Yes. As a decentralized wallet, imToken does not require identity verification to create or use a wallet.
Q: What should I do if I lose my recovery phrase?
A: Unfortunately, there is no way to recover a lost recovery phrase. Without it, access to your funds cannot be restored.
Q: Are there any fees for using imToken?
A: The app itself is free. However, blockchain transaction fees (gas fees) apply when sending tokens or interacting with smart contracts.
Q: How do I back up my imToken wallet?
A: During setup, write down and securely store the 12-word recovery phrase. This is your only backup method.
👉 Start using a secure, multi-chain wallet trusted by millions.
Final Thoughts
imToken continues to be a reliable and powerful tool for managing digital assets in the decentralized world. While it does not support a token called "ETH_loop", its robust infrastructure supports a wide array of legitimate cryptocurrencies and tokens across multiple chains.
Whether you're new to crypto or an experienced user, understanding what your wallet supports — and how to use it safely — is essential for protecting your investments. Always conduct due diligence before interacting with unfamiliar tokens or networks.
By combining ease of use with strong security practices, imToken empowers users to take full control of their financial future in the Web3 era.