A view-only wallet allows you to view a wallet in the Uniswap app without the ability to swap or send tokens. You cannot make any transactions with a view-only wallet.
Adding a view-only wallet to the Uniswap Wallet allows you to:
- Use the Uniswap Wallet to view a wallet's activity, tokens, and NFTs.
The Uniswap wallet app can only hold one recovery phrase at a time. You may consider adding other wallets to track your balances and activity in the Uniswap app.
- Test out the Uniswap Wallet without importing a recovery phrase.
This includes exploring tokens/NFTs, simulating a swap, and more. By using a view-only wallet to test the Uniswap Wallet, you can see what using the Uniswap Wallet would be like without importing a recovery phrase.
You can follow the view-only wallet’s transactions to see the tokens and NFTs held. If you would like to make transactions with the tokens and NFTs in the view-only wallet, then you need to import this wallet into the Uniswap Wallet via a recovery phrase.
Do not send tokens to view-only wallets unless you have the recovery phrase. If you send funds to a view-only wallet and you do not have the recovery phrase for that wallet, Uniswap Labs will not be able to reverse or recover the funds from the transaction.
Learn how to add a view-only wallet here: How to add a view-only wallet.