Author

Topic: watch wallet (Read 139 times)

legendary
Activity: 3472
Merit: 10611
February 25, 2021, 10:51:51 PM
#6
seeds are just for using an electrum wallet, it recover your wallet which have many addresses.
Seed phrases are not only used by Electrum, all the HD wallets use them. Nowadays all the existing wallets are HD wallets and deterministically derive their keys even if they don't give you a mnemonic. The algorithm they use may be different, majority use BIP39 while Electrum uses both BIP39 and its own scheme.
member
Activity: 100
Merit: 30
Stay humble, be cool, make world better place.
February 25, 2021, 04:01:42 AM
#5
If you import public address (that one starts with 1) it acts like a watch-only, showing amount of bitcoin
If you import private key, then you can access your bitcoins.

seeds are just for using an electrum wallet, it recover your wallet which have many addresses.
copper member
Activity: 2338
Merit: 4543
Join the world-leading crypto sportsbook NOW!
February 22, 2021, 02:21:57 PM
#4
how do i send bitcoin from my watch wallet only to my standard wallet

Bitcoin isn't stored in a "watch-only" wallet or a "standard" wallet, it's stored on the blockchain.  Wallet software, such as Electrum is a piece of software that interacts with the blockchain, it doesn't actually contain the bitcoin.  Your "watch-only" and your "standard" wallets show the same information that they obtain from the blockchain, so both should be able to display the bitcoin associated with your public and private keys (respectively.)

A "watch-only" wallet is incapable of sending bitcoin because it doesn't have the ability to sign transactions.  If you restore your wallet using the seed phrase (you should have written it down on paper when you created the wallet) you'll be able to sign transactions, and send the bitcoin wherever you like.
legendary
Activity: 3472
Merit: 3217
Playbet.io - Crypto Casino and Sportsbook
February 22, 2021, 02:11:19 PM
#3
Did you just import a public key or address to Electrum wallet and become a watch-only wallet?

If you don't have full control of the private key/seed of that watch-only wallet then you can't able to transfer any Bitcoin from watch-wallet to another wallet.

Do you have the seed/private key to this wallet?
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
February 22, 2021, 02:06:35 PM
#2
If you have a watch-only wallet, that means you have cold wallet that actually will be used for private key saving offline, you will need the cold wallet to sign a transaction generated from the watch-only wallet. Which means you can generate the trasaction from the watch-only wallet and use the cold wallet to sign it.
newbie
Activity: 4
Merit: 0
February 22, 2021, 02:03:35 PM
#1
how do i send bitcoin from my watch wallet only to my standard wallet
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