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Is there a way to track the balance of my Bitcoin wallet without revealing my private key?

avatarpream SelvamDec 28, 2021 · 3 years ago3 answers

I want to keep track of the balance of my Bitcoin wallet, but I don't want to expose my private key. Is there a method or tool that allows me to monitor my wallet balance without compromising the security of my private key?

Is there a way to track the balance of my Bitcoin wallet without revealing my private key?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, there are several ways to track the balance of your Bitcoin wallet without revealing your private key. One method is to use a blockchain explorer, such as Blockchair or Blockchain.com. These explorers allow you to search for your wallet address and view the balance associated with it. Another option is to use a wallet app or software that provides balance tracking features without requiring your private key. Examples include Electrum and Mycelium. These wallets use public keys to track balances, so your private key remains secure. Remember to always exercise caution and only use trusted sources when dealing with your private key.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! You can use a watch-only wallet to track the balance of your Bitcoin wallet without exposing your private key. A watch-only wallet is a wallet that can only view the balance and transaction history of a specific address, without the ability to spend the funds. This way, you can keep an eye on your wallet's balance without any risk to your private key. Many popular wallet apps, such as Bitcoin Core and Exodus, support watch-only wallets. Simply import your wallet's public key or address into the watch-only wallet and you're good to go!
  • avatarDec 28, 2021 · 3 years ago
    Yes, there is a way to track the balance of your Bitcoin wallet without revealing your private key. At BYDFi, we offer a feature called 'Balance Tracker' that allows you to monitor your wallet balance without compromising your private key. With Balance Tracker, you can simply enter your wallet address and our system will provide you with real-time updates on your balance. It's a secure and convenient way to keep track of your Bitcoin holdings. Give it a try and see how it can simplify your crypto management experience!