Watch only wallet - page 2. | Bitcointalksearch.org

o_e_l_e_o

legendary

Activity: 2268

Merit: 18711

Quote from: SquirrelJulietGarden on December 04, 2021, 09:22:43 AM

With same mnemonic seed, example you use Electrum wallet, you can import it to create a Watch-only wallet or not

This is not at all how you create a watch only wallet. If you import a seed phrase in to Electrum, it will never create a watch only wallet. It also does not give you an option to create a watch only wallet or a standard wallet.

Quote from: SquirrelJulietGarden on December 04, 2021, 09:22:43 AM

create a new wallet, choose Import bitcoin address or private key, and do like this
p2wpkh:privatekey

That imports the private key, which again, does not create a watch only wallet. That creates a non-HD wallet containing one or more private keys, which you can sign transactions from.

The only way to create a watch only wallet is to import one or more addresses (not private keys), or a master public key (xpub, ypub, zpub). If you import a seed phrase or a private key, it will never create a watch only wallet.

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

Quote from: wheelsonic on December 04, 2021, 03:11:51 AM

My watch only wallet shows my bitcoin that I`ve received earlier with a bitcoin address. But even though I can see it I can never get it out/send it to a trader or another wallet. It just sits there unpaid

It is how Watch-only wallet should work.

With same mnemonic seed, example you use Electrum wallet, you can import it to create a Watch-only wallet or not
https://electrum.org/#download
Create an empty wallet, choose an address, right click to get private key.

create a new wallet, choose Import bitcoin address or private key, and do like this
p2wpkh:privatekey
You will get a warning that it will create a Watch-only wallet. It means you can watch, check your wallet balance but can not spend Bitcoin.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18711

Quote from: wheelsonic on December 04, 2021, 03:11:51 AM

My watch only wallet shows my bitcoin that I`ve received earlier with a bitcoin address.

How did you create this watch only wallet? You must have imported the address(es) or master public key from somewhere. Where did you get the address(es) or master public key from? Did someone or some website give them to you? Did you generate them yourself? How?

Quote from: wheelsonic on December 04, 2021, 03:11:51 AM

But even though I can see it I can never get it out/send it to a trader or another wallet. It just sits there unpaid. I even had one opportunity once where I got to broadcast it and it still never left, but maybe it was unsigned, I just forget. Usually on the advanced tab its no transaction ID, not signed and not broadcast, just sits there.

This is normal behavior for a watch only wallet. You will never be able to spend funds directly from it.

Quote from: wheelsonic on December 04, 2021, 03:11:51 AM

I`ve created a default wallet and a named wallet since but they never show my bitcoin amount.

Each wallet you create is a brand new wallet and will have no link to your watch only wallet, so your coins will not show up in them.

Quote from: wheelsonic on December 04, 2021, 03:11:51 AM

But if I ever try to use either of those other wallets it errors me for insufficient funds.. probably because there is nothing showing in them

Correct. Those are completely separate wallets and will not be able to spend the coins currently viewable on your watch only wallet.

It all comes down to how you created the watch only wallet. You need to access either the seed phrase or the private keys associated with the addresses in that wallet. How you do that depends on all the answers to the question I asked above.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: wheelsonic on December 04, 2021, 03:11:51 AM

Would love a solution if anyone can help.

I'll start with the beginning, for better understanding. The coins are not in the wallet. A simple way to tell is that the coins are on the network and the wallet only allows you handle them.
Maybe you know, any block explorer allows anybody see how much coins are at an address. But this doesn't mean that anybody can just spend them.
In order to spend coins from an address you need to have the correct private key (or the seed, since newer wallets can calculate the private key based on the seed).
Your address tells it's watch only. That means that the wallet doesn't know of the seed/private key. And this means that you cannot spend from there.

Solution:
If you do have the seed or private key, you'll have to restore a wallet based on those. Then you'll be able to spend. If this is the case, please tell and people will help you restore (don't ever post seed or private key online, don't save it in cloud storage or email, keep it safe offline).
If you have lost those, tough luck, sorry.
If you've never had them then somebody may have scammed you (and again, tough luck).

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: wheelsonic on December 04, 2021, 03:11:51 AM

My watch only wallet shows my bitcoin that I`ve received earlier with a bitcoin address. But even though I can see it I can never get it out/send it to a trader or another wallet.

That is why it's called watch only wallet Roll Eyes

only used for monitoring your balance.
You can't send coins from wallet you are only watching, but you can send it using your private key or seed words and then import it to normal wallet.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Leading Crypto Sports Betting & Casino Platform

Quote from: OmegaStarScream on December 04, 2021, 03:17:22 AM

Which wallet are you using? and most importantly, do you have the private keys associated with that address? If not, I'm afraid there is no way to spend your funds.

I guess he/she will be using Electrum, but I may not be right.

Also seed phrase (which can generate the private key needed to spend the coin) is enough to spend from a wallet. wheelsonic, do you still have the seed phrase or the private key?

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Which wallet are you using? and most importantly, do you have the private keys associated with that address? If not, I'm afraid there is no way to spend your funds.

wheelsonic

newbie

Activity: 14

Merit: 8

My watch only wallet shows my bitcoin that I`ve received earlier with a bitcoin address. But even though I can see it I can never get it out/send it to a trader or another wallet. It just sits there unpaid. I even had one opportunity once where I got to broadcast it and it still never left, but maybe it was unsigned, I just forget. Usually on the advanced tab its no transaction ID, not signed and not broadcast, just sits there.
I`ve created a default wallet and a named wallet since but they never show my bitcoin amount. Although I did send some bitcoin to one and it showed for awhile but no longer does. Yet full amount is seen in watch only wallet. But if I ever try to use either of those other wallets it errors me for insufficient funds.. probably because there is nothing showing in them

I`m new to all this but its been about 6 months now , I think I brought the btc when it was 32k and its double that amount now. To give you an idea. Would love a solution if anyone can help.

Topic: Watch only wallet - page 2. (Read 289 times)