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Watch-Only Wallet


Watch-only is a term used to describe wallets which do not store or use private keys. These wallets use only public keys, allowing them to show users their balances and receive bitcoin. However, since watch-only wallets do not store private keys, they cannot sign or spend any bitcoin.

A watch-only setup is optimal for cold storage, allowing users to keep track of their funds without exposing their private keys to the internet.