Can both watch-only wallet and a full wallet online at the same time?

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I need to leave a watch-only wallet open 24x7 to monitor payment.

On a separate machine, I want to setup a wallet that I can sometimes run the wallet to do payment. Hence, the watch-only wallet and this wallet will be online together sometimes.

At the same time, I want to setup a mobile wallet on my Android, which I can carry anytime and spend anytime I go.

In this scenario, will it work? Will there be any issue with change addresses here if I have to recreate from seed? Or is there any need to do any backup of the wallet file?

[longbob72]

It's fine. The seed contains all your possible addresses and change addresses so there will be no issue with them.

[Abdussamad]

see here for some tips:

https://bitcointalk.org/index.php?topic=1710718.msg17143284#msg17143284

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Thanks @longbob72

@Abdussamad, What are you trying to advise me from that link? Basically what I gather from that link is about backup and restoring at the wrong place. From what @longbob72 had mentioned, I could just safely restore from seed, hence can ignore the backing up of wallet file and hence no headache from restoring at the wrong place. Am I right here?

[longbob72]

@longbob72 had mentioned, I could just safely restore from seed, hence can ignore the backing up of wallet file and hence no headache from restoring at the wrong place. Am I right here?

That's what I'm saying, yes.

[Abdussamad]

Thanks @longbob72

@Abdussamad, What are you trying to advise me from that link? Basically what I gather from that link is about backup and restoring at the wrong place.

I just wanted to point out that you can create shortcuts to open specific wallet files using electrum. That'll make it easier to run two different wallets at the same time. And because you will always be opening the wallets using the shortcuts you create you can never mistakenly use the wrong wallet (as the OP in that thread did).

From what @longbob72 had mentioned, I could just safely restore from seed, hence can ignore the backing up of wallet file and hence no headache from restoring at the wrong place. Am I right here?

Restoring your wallet from a seed backup does not restore labels for transactions and addresses. You can enable the labels plugin to store those labels encrypted on a remote server. But I think it is better to keep a copy of the wallet file too.

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Restoring your wallet from a seed backup does not restore labels for transactions and addresses. You can enable the labels plugin to store those labels encrypted on a remote server. But I think it is better to keep a copy of the wallet file too.

Will look at that next. Have not explored that area yet.