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The keys stay on the hardware wallet. BlueWallet is the glasses and the mailbox. It watches the account, builds the payment, and broadcasts what the device already signed.
One seed is one mistake. A Vault needs more than one key to move the coins. Lose a phone, you can still have bitcoin. Lose the only seed, you don’t.
You already have bitcoin. You already have a recovery phrase on paper, in a steel plate, or in the app you are leaving. Import is how that wallet shows up in BlueWallet without creating a new one.
A watch-only wallet is a pair of glasses, not a vault. It can see your bitcoin. It cannot spend it. The keys live somewhere else: an old phone in airplane mode, a hardware wallet, a paper backup you do not want on this device.
Most Bitcoin security advice is about keeping hackers out: strong backups, no screenshots of seed phrases, do not type your words into a website that looks “official.” All good. All necessary.
Real cold storage usually means buying a dedicated hardware wallet. Keys stay offline. The internet never gets a vote. That works, and it is a solid choice.
If your Bitcoin lives on an exchange, you do not really own Bitcoin. You own a polite IOU. The exchange promises to hand it over later, as long as it is still solvent, still online, and still in the mood to process withdrawals.
Hot on the heels of v8.0.0, we’re back with v8.0.1. Smaller number, but don’t let that fool you, there’s a lot packed in here. Let’s get into it.