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I have been doing bitcoin trading using a trader and they have sent me my profits to my Trust Wallet. But when I try to send the cryptocurrencies that I have received from my wallet it says it is watch only wallet.

I dont understand what it means by watch only wallet as I am new to this and also how can I send cryptocurrency from my wallet to someone else.

Trust Wallet Watch Only Wallet

Ishan

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    Does this answer your question? Reg: Watch only Address Jan 9, 2022 at 21:45
  • you can't move these coins since you don't have the private keys. If this trader created a watch-only wallet and gave it to you then looks like a scam. Sorry to say that, only this guy can spend these coins.
    – xargr
    Nov 22, 2022 at 11:57

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Watch-only wallet means the wallet only has access to its public key (usually "extended public key" or "xpub"). This allows the wallet software to monitor any activity in that wallet (receiving and sending) without being able to spend the funds.

What this warning is saying is that unless you have the private key to that wallet somewhere else, it isn't actually your wallet. If this public key was given to you by your "trader", I'm sorry to say that you have been scammed. They're only trying to make it seem like you have access to your funds. You should probably check out this question.

If you do have your private key somewhere else – in a different wallet that you used to generate this public key and then imported the public key into Trust Wallet – then there's nothing to worry about. Your funds are still accessible from the previous wallet as long as you have it.

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