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How can I set up and use a watch only wallet for my Bitcoin transactions?

avatarJyoti MandalNov 24, 2021 · 3 years ago1 answers

Can you provide a step-by-step guide on how to set up and use a watch only wallet for my Bitcoin transactions? I want to keep track of my Bitcoin balance and transactions without the ability to spend the funds. What are the benefits of using a watch only wallet?

How can I set up and use a watch only wallet for my Bitcoin transactions?

1 answers

  • avatarNov 24, 2021 · 3 years ago
    Certainly! To set up and use a watch only wallet for your Bitcoin transactions, follow these steps: 1. Choose a Bitcoin wallet that supports watch only functionality. 2. Install the wallet app on your device and create a new wallet. 3. Select the option to import an existing wallet and enter the public address of your Bitcoin wallet. 4. Complete the setup process and you'll now have a watch only wallet. Using a watch only wallet allows you to monitor your Bitcoin balance and transactions without the risk of accidentally spending your funds. It's a great way to keep track of your Bitcoin activity and ensure the security of your funds. If you have any more questions, feel free to ask!