How to use Watch-only Wallet
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Last updated
Last updated
A watch-only wallet within Coin98 Telegram 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 Telegram Wallet, choose the ☰ icon
Step 2: Choose Add Wallet icon → 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 5: 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 Coin98 Telegram, simply click the “Watch-only” category within the Wallet Management section.
If you have multiple wallets on the Coin98 Telegram Wallet, you can only enable one wallet in the All Wallets section.
Can I withdraw funds from the Watch-only wallet in Coin98 Telegram Wallet?
→ 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.
