A watch-only pockets is strictly what the title says: a pockets that watches a set of addresses, however can’t spend these funds.
Watch-only wallets are for instance used to trace incoming funds with out exposing the non-public key materials to a server. A watch-only pockets is created by importing solely the addresses or public keys from another full pockets that’s stored on a safer system or totally offline.
Anybody can create a pockets that watches particular addresses, as a result of addresses and transactions are public data. Spending the funds requires the non-public keys. You probably have a watch-only pockets, you’ll be able to watch the exercise of a pockets, however can’t management the funds.
In case you created the pockets, you could have by accident imported an handle or prolonged public key (xpub) into the pockets as an alternative of importing the non-public keys. In case you imported this data from one other pockets, the unique pockets that you simply created the handle with ought to be capable to signal for the transactions.
If another person created a pockets for you that seems to be a watch-only pockets unexpectedly, they’re doubtless attempting to rip-off you. They’re exhibiting you funds that you don’t management, prone to defraud you of cash not directly.
If you do not have the non-public key, you can not spend the cash. If no one else has it both, the cash are misplaced.