diff --git a/demo/android/src/main/kotlin/im/molly/monero/demo/ui/HomeScreen.kt b/demo/android/src/main/kotlin/im/molly/monero/demo/ui/HomeScreen.kt
index 5bff446..bf11700 100644
--- a/demo/android/src/main/kotlin/im/molly/monero/demo/ui/HomeScreen.kt
+++ b/demo/android/src/main/kotlin/im/molly/monero/demo/ui/HomeScreen.kt
@@ -1,7 +1,9 @@
 package im.molly.monero.demo.ui
 
 import androidx.compose.foundation.layout.fillMaxSize
+import androidx.compose.foundation.layout.fillMaxWidth
 import androidx.compose.foundation.layout.padding
+import androidx.compose.foundation.layout.wrapContentSize
 import androidx.compose.foundation.lazy.LazyColumn
 import androidx.compose.foundation.lazy.LazyListScope
 import androidx.compose.foundation.lazy.rememberLazyListState
@@ -12,6 +14,7 @@ import androidx.compose.ui.Modifier
 import androidx.compose.ui.input.nestedscroll.nestedScroll
 import androidx.lifecycle.compose.collectAsStateWithLifecycle
 import androidx.lifecycle.viewmodel.compose.viewModel
+import im.molly.monero.demo.ui.component.LoadingWheel
 import im.molly.monero.demo.ui.component.Toolbar
 
 @Composable
@@ -66,10 +69,16 @@ private fun HomeScreen(
 private fun LazyListScope.walletCards(
     walletListUiState: WalletListUiState,
     onWalletClick: (Long) -> Unit,
+    modifier: Modifier = Modifier,
 ) {
     when (walletListUiState) {
         WalletListUiState.Loading -> item {
-            Text(text = "Loading wallet list...") // TODO
+            LoadingWheel(
+                modifier = modifier
+                    .fillMaxWidth()
+                    .wrapContentSize(),
+                contentDesc = "Loading wallets",
+            )
         }
 
         is WalletListUiState.Loaded -> {
diff --git a/demo/android/src/main/kotlin/im/molly/monero/demo/ui/WalletCard.kt b/demo/android/src/main/kotlin/im/molly/monero/demo/ui/WalletCard.kt
index 36a1cfe..d510af0 100644
--- a/demo/android/src/main/kotlin/im/molly/monero/demo/ui/WalletCard.kt
+++ b/demo/android/src/main/kotlin/im/molly/monero/demo/ui/WalletCard.kt
@@ -4,6 +4,7 @@ import androidx.compose.foundation.layout.Column
 import androidx.compose.foundation.layout.Row
 import androidx.compose.foundation.layout.fillMaxWidth
 import androidx.compose.foundation.layout.padding
+import androidx.compose.foundation.layout.wrapContentSize
 import androidx.compose.material3.Card
 import androidx.compose.material3.ExperimentalMaterial3Api
 import androidx.compose.material3.MaterialTheme
@@ -14,6 +15,7 @@ import androidx.compose.ui.Modifier
 import androidx.compose.ui.unit.dp
 import androidx.lifecycle.compose.collectAsStateWithLifecycle
 import androidx.lifecycle.viewmodel.compose.viewModel
+import im.molly.monero.demo.ui.component.LoadingWheel
 
 @OptIn(ExperimentalMaterial3Api::class)
 @Composable
@@ -77,7 +79,12 @@ fun WalletCardError() {
 
 @Composable
 fun WalletCardLoading() {
-    Text(text = "Loading wallet...") // TODO
+    LoadingWheel(
+        modifier = Modifier
+            .fillMaxWidth()
+            .wrapContentSize(),
+        contentDesc = "Loading wallet",
+    )
 }
 
 //@Preview
diff --git a/demo/android/src/main/kotlin/im/molly/monero/demo/ui/component/LoadingWheel.kt b/demo/android/src/main/kotlin/im/molly/monero/demo/ui/component/LoadingWheel.kt
new file mode 100644
index 0000000..89f50b6
--- /dev/null
+++ b/demo/android/src/main/kotlin/im/molly/monero/demo/ui/component/LoadingWheel.kt
@@ -0,0 +1,174 @@
+/*
+ * Copyright 2022 The Android Open Source Project
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ *     https://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+package im.molly.monero.demo.ui.component
+
+import androidx.compose.animation.animateColor
+import androidx.compose.animation.core.Animatable
+import androidx.compose.animation.core.FastOutSlowInEasing
+import androidx.compose.animation.core.LinearEasing
+import androidx.compose.animation.core.RepeatMode
+import androidx.compose.animation.core.StartOffset
+import androidx.compose.animation.core.animateFloat
+import androidx.compose.animation.core.infiniteRepeatable
+import androidx.compose.animation.core.keyframes
+import androidx.compose.animation.core.rememberInfiniteTransition
+import androidx.compose.animation.core.tween
+import androidx.compose.foundation.Canvas
+import androidx.compose.foundation.layout.padding
+import androidx.compose.foundation.layout.size
+import androidx.compose.foundation.shape.RoundedCornerShape
+import androidx.compose.material3.MaterialTheme
+import androidx.compose.material3.Surface
+import androidx.compose.runtime.Composable
+import androidx.compose.runtime.LaunchedEffect
+import androidx.compose.runtime.getValue
+import androidx.compose.runtime.remember
+import androidx.compose.ui.Modifier
+import androidx.compose.ui.geometry.Offset
+import androidx.compose.ui.graphics.StrokeCap
+import androidx.compose.ui.graphics.drawscope.rotate
+import androidx.compose.ui.graphics.graphicsLayer
+import androidx.compose.ui.platform.LocalInspectionMode
+import androidx.compose.ui.platform.testTag
+import androidx.compose.ui.semantics.contentDescription
+import androidx.compose.ui.semantics.semantics
+import androidx.compose.ui.tooling.preview.Preview
+import androidx.compose.ui.unit.dp
+import im.molly.monero.demo.ui.theme.AppTheme
+import kotlinx.coroutines.launch
+
+@Composable
+fun LoadingWheel(
+    contentDesc: String,
+    modifier: Modifier = Modifier,
+) {
+    val infiniteTransition = rememberInfiniteTransition(label = "wheel transition")
+
+    // Specifies the float animation for slowly drawing out the lines on entering
+    val startValue = if (LocalInspectionMode.current) 0F else 1F
+    val floatAnimValues = (0 until NUM_OF_LINES).map { remember { Animatable(startValue) } }
+    LaunchedEffect(floatAnimValues) {
+        (0 until NUM_OF_LINES).map { index ->
+            launch {
+                floatAnimValues[index].animateTo(
+                    targetValue = 0F,
+                    animationSpec = tween(
+                        durationMillis = 100,
+                        easing = FastOutSlowInEasing,
+                        delayMillis = 40 * index,
+                    ),
+                )
+            }
+        }
+    }
+
+    // Specifies the rotation animation of the entire Canvas composable
+    val rotationAnim by infiniteTransition.animateFloat(
+        initialValue = 0F,
+        targetValue = 360F,
+        animationSpec = infiniteRepeatable(
+            animation = tween(durationMillis = ROTATION_TIME, easing = LinearEasing),
+        ),
+        label = "wheel rotation animation",
+    )
+
+    // Specifies the color animation for the base-to-progress line color change
+    val baseLineColor = MaterialTheme.colorScheme.onBackground
+    val progressLineColor = MaterialTheme.colorScheme.inversePrimary
+
+    val colorAnimValues = (0 until NUM_OF_LINES).map { index ->
+        infiniteTransition.animateColor(
+            initialValue = baseLineColor,
+            targetValue = baseLineColor,
+            animationSpec = infiniteRepeatable(
+                animation = keyframes {
+                    durationMillis = ROTATION_TIME / 2
+                    progressLineColor at ROTATION_TIME / NUM_OF_LINES / 2 with LinearEasing
+                    baseLineColor at ROTATION_TIME / NUM_OF_LINES with LinearEasing
+                },
+                repeatMode = RepeatMode.Restart,
+                initialStartOffset = StartOffset(ROTATION_TIME / NUM_OF_LINES / 2 * index),
+            ),
+            label = "wheel color animation",
+        )
+    }
+
+    // Draws out the LoadingWheel Canvas composable and sets the animations
+    Canvas(
+        modifier = modifier
+            .size(48.dp)
+            .padding(8.dp)
+            .graphicsLayer { rotationZ = rotationAnim }
+            .semantics { contentDescription = contentDesc }
+            .testTag("loadingWheel"),
+    ) {
+        repeat(NUM_OF_LINES) { index ->
+            rotate(degrees = index * 30f) {
+                drawLine(
+                    color = colorAnimValues[index].value,
+                    // Animates the initially drawn 1 pixel alpha from 0 to 1
+                    alpha = if (floatAnimValues[index].value < 1f) 1f else 0f,
+                    strokeWidth = 4F,
+                    cap = StrokeCap.Round,
+                    start = Offset(size.width / 2, size.height / 4),
+                    end = Offset(size.width / 2, floatAnimValues[index].value * size.height / 4),
+                )
+            }
+        }
+    }
+}
+
+@Composable
+fun OverlayLoadingWheel(
+    contentDesc: String,
+    modifier: Modifier = Modifier,
+) {
+    Surface(
+        shape = RoundedCornerShape(60.dp),
+        shadowElevation = 8.dp,
+        color = MaterialTheme.colorScheme.surface.copy(alpha = 0.83f),
+        modifier = modifier
+            .size(60.dp),
+    ) {
+        LoadingWheel(
+            contentDesc = contentDesc,
+        )
+    }
+}
+
+@Preview
+@Composable
+fun LoadingWheelPreview() {
+    AppTheme {
+        Surface {
+            LoadingWheel(contentDesc = "LoadingWheel")
+        }
+    }
+}
+
+@Preview
+@Composable
+fun OverlayLoadingWheelPreview() {
+    AppTheme {
+        Surface {
+            OverlayLoadingWheel(contentDesc = "LoadingWheel")
+        }
+    }
+}
+
+private const val ROTATION_TIME = 12000
+private const val NUM_OF_LINES = 12