What is watch only wallet on trustwallet?
- Thread starter Enxx
- Start date
Can't withdraw so what can be done with the money in it?
- Thread starter
- #4
It is still the money of the owner and only the owner can withdraw. You can watch my address but can withdraw because you don't have the private key
Okay I understand now since the owner can withdraw it then no issues.
The crypto wallet will always create a new crypto address if you have made a transaction accepting crypto, even though the old crypto address is still valid, the goal is to avoid hackers. To make withdrawals at Trust wallet you must log in and use the private key.
I understand that it is a security modulated system that prevents access to your wallet from hackers. You would need the private key to access it.
The thread doesn't provide enough information, thus confusing readers who are less knowledgeable about wallets. Trust wallet is included in the Non custodian wallet group, so all users hold the private key. The non-custodian wallet type is less user-friendly, beginners often encounter problems.
