What is a watch-only wallet

A watch-only wallet is a type of cryptocurrency wallet that allows the user to monitor the balance and transactions of a particular address, but does not give them access to the private key, which is necessary for spending the funds. The purpose of a watch-only wallet is to provide a convenient way for users to keep track of their cryptocurrency holdings without the risk of theft or loss, since the private key is not stored on their device. A watch-only wallet is often used by individuals who want to monitor multiple wallets, or by exchanges or other third parties that need to track large amounts of cryptocurrency.

If you're interested in making one, check out our guide.