Blue Wallet Watch only: view your complete Bitcoin balance from your mobile phone

The Blue Wallet Watch only function offers Bitcoin users an ideal way to securely monitor their balance without the risk of accidentally spending coins. In this article, you'll learn how this feature allows you to keep track of your Bitcoin wallet while keeping your coins securely stored on a hardware wallet. Learn more about the benefits, how to get the most out of it, and what makes the feature so special.

What is the Blue Wallet Watch only feature?

The Blue Wallet Watch only function was specifically designed to allow users to monitor their Bitcoin holdings without having direct access to the coins. This means that while you can see how many Bitcoins are in your wallet at any time, you cannot conduct transactions. This separation between monitoring and access is ideal for those seeking the highest security standards.

Why use the Blue Wallet Watch only feature?

The main motivation behind the use of Watch only Function lies in security. More and more users are storing their coins on hardware wallets to ensure that they are protected from hacks or phishing attacks. Watch only Blue Wallet's feature complements this security measure by allowing you to check your account balance and incoming transactions without putting your hardware wallet at risk.

Another advantage is convenience. This feature allows you to conveniently check your Bitcoin transactions and current account balance on your smartphone. This is an excellent solution for frequent travelers or people who are frequently on the go to keep track of their assets.

How does the Blue Wallet Watch only feature work?

The Watch Oonly Function works by entering a public address or X-Pub into the Blue Wallet. This key allows the app to read your transactions and display the current balance, but does not grant permission to sign or execute transactions. As long as you only use the public key, your coins remain secure on your hardware wallet and cannot be spent.

All you need to do is ensure that the private key required to sign transactions remains stored on your hardware wallet. This effectively makes your wallet "read-only," preventing any transfers.

Security and protection against errors

The security benefits of Blue Wallet Watch only function are immense. If your coins are stored on a hardware wallet, they are protected against many common types of attacks, such as hacks or viruses. By using the watch-only feature, you can also ensure that you don't make any mistakes when using your wallet—for example, accidentally spending coins or making incorrect operations.

A common problem with software wallets is that users accidentally sign a transaction and send coins without meaning to. This can't happen when using the watch-only feature, as the system is read-only and cannot generate signatures.

Step-by-step guide: Setting up Blue Wallet Watch only ????

Here I'll show you how to set up the Blue Wallet Watch only feature in just a few steps:

Step 1: Install the Blue Wallet app

Before you start, download the Blue Wallet App from the App Store (for iOS) or Play Store (for Android). Once the app is installed on your phone, open it and click Add Walletto add a new wallet.

Step 2: Create a watch-only wallet

1. Select the option Add a Wallet and then tap Import Wallet.
2. Now you have to xpub or zpub Insert key. This is the public key that allows you to view your wallet balance without being able to make transactions.

Step 3: Insert xpub/zpub key

The X-Pub or Z-Pub You can find it in your hardware wallet or the software you use for your wallet. Here are some examples of how you can find the key:

• Specter DIY: In the dashboard under “Master Public Keys” and “Single Key” you can find and scan the xpub.
• Sparrow Wallet: Go to Account Information under Settings to find your xpub.
• BitBoxApp: Under “Account Information” you will find the xpub as a QR code that you can scan with your mobile phone.

You can either enter the key manually or scan the QR code to speed up the import.

Step 4: Understand the watch only warning

Blue Wallet will send you a warning indicate that you can only view the balance but cannot spend any coins from this wallet. This is precisely the purpose of the watch-only feature: You get insight, but no access to your coins. This ensures your security.

Step 5: Receive Bitcoin with the Blue Wallet Watch only Wallet

Despite the limited spending options, you can still receive Bitcoin with a Blue Wallet Watch-only wallet. To do so, click on your Watch-only wallet in the app and select the option ReceiveYou will be shown a new Bitcoin address that you can share to receive Bitcoin.

⚠️ Tip: Ensure the displayed address is correct by verifying it with your hardware wallet. This will avoid confusion and provide additional security.

Advantages of the Blue Wallet Watch only Wallet

The use of a Blue Wallet Watch only Wallet brings numerous advantages:

• Maximum security: Since you don't store your private keys on your mobile device, your assets remain secure. Even if someone gets their hands on your phone, they can't send coins.
• comfort: You can check your wallet balance at any time without having to connect your hardware wallet.
• Receive Bitcoin: You can continue receiving Bitcoin without jeopardizing your main wallet. The watch-only wallet allows you to monitor transactions and generate new addresses.

Conclusion: Security and convenience with Blue Wallet Watch only

The Blue Wallet Watch only feature offers an excellent way to keep an eye on your Bitcoin wallet balance at all times, without the risk of accidentally spending coins. This feature allows you to securely store your coins on your hardware wallet while conveniently monitoring everything from your smartphone.

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