BlueWallet’s functionality extends beyond holding spendable keys. It can also function as a powerful “watch-only” wallet. This means you can import a public address or an extended public key (xPub) into BlueWallet to create a wallet that can monitor transactions and balances but cannot spend the funds. This is an incredibly valuable feature for several reasons. A business treasurer can monitor the company’s cold storage balance without having the ability to move funds. An individual can track the balance of a hardware wallet on their phone for convenience while knowing the seed phrase is safe offline. You can also monitor a donation address. To set this up, you choose “Import Wallet” and then select “Import an address or xPub.” After entering the public information, BlueWallet will synchronize and display the balance and full transaction history of that wallet. bluewallet download It provides a perfect dashboard for viewing your holdings without compromising the security of your private keys.