Bitcoin Forum

I'm new to buying bitcoins and transferring them. So basically i bought some bitcoins from LocalBitcoins then sent them to my watch only electrum wallet. My BTC balance on electrum says i've got nothing. Does this mean i have lost my BTC forever? Blockchain is showing that they was sent to 2 addresses. I'm sorry if i don't make much sense. I'm very new to this stuff.

As long as you have the actual wallet with the private keys, then your Bitcoin is safe (provided that you withdrew to the right address).

Is your Electrum fully synced and up to date?

Can you provide us the transaction id of the transaction that sent the Bitcoin to you?

A watch-only wallet means that you cannot control the Bitcoins.
This means, you technically no longer own the Bitcoins. If you can contact the owner of the wallet to try and get your Bitcoins then that may work.

If you have ownership of that wallet or the private keys, you are fine!

Thanks for the reply. How do i contact the owner?

Where did you get that wallet from? Did someone else give it to you? Did you create it yourself?

That is an address. Is this your address or is it the address of localbitcoins?

What is the point of having a watch-only wallet? If it doesn't allow you to do what you want with the bitcoins that you have sent to it? It seems it is acting just as a black hole if you send to it they won't be found ever again.

its used is for watching the balance of your paper wallets without being able to spend them

can i ask how you got a watch only address? where did you copied it?

This is the address of Localbitcoins

If thats the case than you can send the coins from your localbitcoins account to a wallet you created.

Sorry, i meant that thats the address what sent me the bitcoins

When you say "send me", do you mean to one of your addresses? If so, which address of yours are you talking about? How did you create said address?

What is your address then? Where did you get the watch only wallet from?