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One of the ways to check your Bitcoin balance is through a Watch-Only wallet. This type of wallet operates exclusively in “observation mode”, allowing you to view the balance stored in a cold wallet, but does not allow transactions to be carried out.
Watch-only wallets are accessed through mobile applications and use their public keys to access balances without having access to private keys. Therefore, using such a wallet to observe and monitor the balance in a cold wallet can provide greater security and privacy.
If you want to understand how it works and how to set up a watch-only wallet, make sure to read this article all the way through!
  • Public key and private key
  • What is xPUB?
  • Types of Bitcoin wallets
  • Why do we use a watch-only wallet?
  • How to set up your Watch-Only wallet with Blue Wallet?
  • What other wallets can be set up as Watch-Only?
  • Conclusion