How to use Watch-only Wallet
Last updated
Last updated
A watch-only wallet within Coin98 Super Wallet serves as a read-only representation of a cryptocurrency wallet. It allows you to observe the wallet's balance and transactions without the ability to initiate transactions or access private keys. This feature is often utilized for the purposes of enhanced security and monitoring.
Step 1: On the Home screen of the Coin98 Super Wallet, choose the Add Wallet icon
Step 2: Select Watch-only → then click Continue
Step 3: Choose the Blockchain, the Name of the Wallet, and input the wallet address that you want to observe -> then click Next.
Note: Please ensure that you input the accurate address associated with the correct blockchain. Failing to do so will result in an inability to proceed to the next step or monitor the desired wallet's balance.
Step 4: There'll be a popup that notifies you in case you add a watch-only wallet successfully, then click OK
Step 4: After successfully adding the Watch-only wallet, you will be navigated back to the Wallet main screen with the recently created Watch-only wallet.
To conveniently manage all watch-only wallets on your App, simply click the “Watch-only” category within the Wallet Management section.
If you have multiple wallets with the same blockchain on the App, you can only enable one wallet in the All Wallets section.
-> No, since the purpose of a watch-only wallet is to exclusively monitor the funds and assets of a wallet. To access the wallet's funds, you must possess the Seed phrase or private key. Once you have the seed phrase or private key, you can restore the wallet in the same manner as a hot wallet.
