How to Create a Watch Wallet for Crypto
Creating a Watch Wallet Using Trust Wallet
Step 1: Download and Install Trust Wallet
To create a watch wallet using Trust Wallet, you first need to download and install the app on your mobile device. The app is available on both the App Store (for iOS devices) and Google Play Store (for Android devices).
To download Trust Wallet, simply open the app store on your device, search for "Trust Wallet," and click "Install" or "Get" to download and install the app.
Step 2: Create a New Wallet
Once you have installed Trust Wallet, open the app and select "Create a New Wallet" from the main menu. This will create a new cryptocurrency wallet for you to use.
Step 3: Set a Strong Password and Agree to the Terms of Use
To secure your wallet, you will need to set a strong password. Your password should be at least 8 characters long and include a mix of letters, numbers, and symbols.
After setting your password, you will need to agree to the terms of use. Take the time to read through these terms carefully to make sure you understand them.
Step 4: Write Down Your Recovery Phrase
Once you have set your password and agreed to the terms of use, Trust Wallet will generate a recovery phrase for your wallet. This recovery phrase is a set of 12 words that you can use to restore your wallet if you ever lose access to your device.
It is very important that you write down your recovery phrase and store it in a safe place. Do not share your recovery phrase with anyone, as it can be used to gain access to your wallet and steal your cryptocurrency.
Step 5: Add a Watch Wallet
After creating your wallet, click on the "Settings" icon in the bottom right corner of the screen. From there, select "Wallets" and then click on the "+" button in the top right corner.
Choose the cryptocurrency you want to add to your watch wallet. For example, if you want to create a watch wallet for Bitcoin, select Bitcoin from the list of supported cryptocurrencies.
Next, select "Watch Only" to create a watch wallet. A watch wallet is a read-only wallet that allows you to monitor your cryptocurrency balance without having to provide your private keys.
Step 6: Enter Your Public Address and Give Your Watch Wallet a Name
To create your watch wallet, you will need to enter the public address of your wallet. Your public address is a unique string of characters that identifies your wallet on the blockchain.
To find your public address, you can check the wallet or exchange where you hold your cryptocurrency. Look for an option to view your wallet address or to generate a new address.
Once you have your public address, enter it into Trust Wallet and give your watch wallet a name for easy identification.
Step 7: Click "Add" to Finish Creating Your Watch Wallet
After entering your public address and giving your watch wallet a name, click "Add" to finish creating your watch wallet. You can now view your watch wallet in Trust Wallet and monitor your cryptocurrency balance without having to provide your private keys.
Note that you will not be able to send cryptocurrency from your watch wallet, as you do not have access to the private keys. To send cryptocurrency, you will need to use a full-access wallet that allows you to enter your private keys.
Tangem is a leading company in the world of cryptocurrency, offering a unique approach to storing and using digital assets. Unlike traditional digital wallets, Tangem produces physical cryptocurrency wallets in the form of smart banknotes, which provide users with an added layer of security and convenience.
Tangem wallets are preloaded with a specific amount of cryptocurrency, and each smart banknote has a unique serial number that can be easily verified with a smartphone app. The wallets are designed to be used offline, making them ideal for situations where an internet connection may not be available.
One of the key benefits of Tangem wallets is their simplicity and ease of use. The wallets have a user-friendly interface that can be easily understood by both experienced and novice crypto users. The smart banknotes themselves have a variety of security features, such as a unique chip that stores the private key, making them tamper-proof and secure.
Tangem wallets are designed to be used as physical banknotes, meaning that they can be easily carried around in a wallet or purse, just like traditional banknotes. This makes them a great choice for individuals who prefer the security and convenience of physical wallets, rather than traditional digital wallets.
Another benefit of Tangem wallets is their portability. Because they are physical, they can be used in any situation where traditional digital wallets may not be accessible, such as in areas with poor internet connectivity or where electronic devices are prohibited.
In summary, Tangem wallets offer a unique and innovative approach to storing and using cryptocurrencies. They provide users with the security and convenience of physical wallets, combined with the convenience and flexibility of digital wallets. Whether you're an experienced crypto user or a novice, Tangem wallets are a great choice for anyone looking for a secure and reliable way to store and use digital assets.