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How can I set up a watch only wallet for my digital currencies?

avatarkamarukpDec 29, 2021 · 3 years ago1 answers

I want to set up a watch only wallet for my digital currencies. How can I do that? I want to be able to monitor my balances and transactions without the ability to spend the funds. Can you provide a step-by-step guide on how to set up a watch only wallet?

How can I set up a watch only wallet for my digital currencies?

1 answers

  • avatarDec 29, 2021 · 3 years ago
    BYDFi offers a user-friendly watch only wallet feature that allows you to monitor your digital currencies with ease. Here's how to set it up: 1. Sign up for a BYDFi account: If you don't have one already, sign up for a BYDFi account. 2. Navigate to the wallet section: Once logged in, go to the wallet section of your BYDFi account. 3. Create a new wallet: Click on the option to create a new wallet and follow the instructions provided. 4. Enable watch only mode: After creating your wallet, enable watch only mode by selecting the appropriate option. 5. Import your public addresses: Enter the public addresses associated with your digital currencies to import them into your watch only wallet. 6. Sync your wallet: Your watch only wallet will now sync with the blockchain and display the balances and transactions for your imported addresses. That's it! You've successfully set up a watch only wallet using BYDFi. Enjoy the convenience of monitoring your digital currencies securely.