Ethereum: Send Money/Address from Watch-Only Wallet

How ​​to Move Money and Addresses from a Watch-Only Wallet to the Mainnet

I’m completely new to Bitcoin. I recently received bitcoins from a poker site, using a receiving address I created in Bitcoin Core. When I realized that it takes forever to sync, I decided it was time to take the next step and move my money and address from a watch-only wallet to the mainnet.

When I first started using Bitcoin, I used a watch-only wallet, which is basically a pseudonymous address with no funds associated with it or ownership of the underlying blockchain. This allowed me to receive bitcoins without having to worry about managing and storing my own coins.

However, when I started using the Bitcoin network more regularly, I realized that syncing my wallet to the mainnet could take forever due to the slow sync times of the Bitcoin Core client. My poker site was using a receiving address created in Bitcoin Core, which meant I had no control over how the funds were used or transferred.

The Problem with Read-Only Wallets

Read-only wallets are convenient for receiving bitcoins and not for managing your own coins, but they have several limitations. In read-only wallets, you don’t have direct access to your funds and any transactions you make must go through a third-party transfer or exchange service. This means you’re basically paying fees to the transfer or exchange service every time you send money.

The Solution: Moving to a Mainnet Wallet

In order to move my bitcoins from a read-only wallet to the mainnet, I needed a way to have direct control over my funds and be able to transfer them independently of any exchange or transfer. This is where a mainnet wallet comes in.

A mainnet wallet allows you to create an address that is directly linked to your Bitcoin account, giving you full ownership and control over your coins. With a mainnet wallet, I can use the same receiving address to send money to other users on the network without having to pay fees or worry about third-party middlemen.

Benefits of Using a Mainnet Wallet

Using a mainnet wallet offers several benefits, including:

• Faster Transaction Times: Since I don’t pay fees or transfer my coins through an exchange or transfer service, transactions can be completed much faster.

• Direct Ownership and Control: With a mainnet wallet, I have direct access to my funds and can make changes to them as needed.

• No Fees: I no longer have to pay fees for transfers or exchanges, which can save me a significant amount of money over time.

Getting Started with a Mainnet Wallet

If you’re new to Bitcoin like me, getting started with a mainnet wallet is easier than ever. Here are the steps I followed:

• Get a Bitcoin Core Client: Download and install the latest version of Bitcoin Core on your computer.

• Create a new wallet

  : Go to [ and follow the instructions to create a new wallet.

• Set up your receiving address: Create a new account in the Bitcoin Core client and then set up a receiving address that is tied directly to your account.

• Transfer funds: Use the receiving address you created to send money to other users on the network.

With these steps, I was able to move my bitcoins from a watch-only wallet to a mainnet wallet and enjoy faster transaction times, direct ownership and control, and no fees!