What is watch only wallet on trustwallet?

[Enxx]

When an address is a watch only on trust wallet and other offline wallet, then it means that we can only see the balance but can not withdraw

 

[cherry123]

When an address is a watch only on trust wallet and other offline wallet, then it means that we can only see the balance but can not withdraw

Can't withdraw so what can be done with the money in it?

 

[Hate2Wait]

I am hearing this for the first time and don't know who will prefer this in their wallet lol as they cannot even use their earning

 

[Enxx]

Can't withdraw so what can be done with the money in it?

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

 

[cherry123]

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.

 

[Suba]

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.

 

[hastral45]

What is the essence of watch only when you can't withdraw?. I haven't come across this on trustwallet. I think I should just glance at it.

 

[Shavkat]

It sounds complicated to me. Besides the point, I have not encountered this before and it is only now. I need time to check this matter.

 

[IB D]

What is the essence of watch only when you can't withdraw?. I haven't come across this on trustwallet. I think I should just glance at it.

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.

 

[Suba]

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.