It won't be a problem since you share only the public key/bitcoin address to track your net worth.

If you are concerned about your wallet privacy then you shouldn't share it with unknown apps and yes it can only watch your transaction and balances and you don't need to create a new BTC address.

As long as its only a public key you should be safe. (not your private key or seed phrase). The only thing you should be worried is the fact that if these data will be compromised, hackers knows exacly how much money you have and where it is. If you used your email to register, the same email you used somwhere else with your personal data (like phone number, name, surname, address - like when you buy in online store) its possible it was already compromised and traded in big leaked files on darknet. They can now attach more sensitive data (your net worth) to old packages and continue to trade it on the darknet. Guess who will be intterested in buying such database (mr XX yy, home address zzzz, net worth >...... ).

Do you have to include all of your addresses in the app?

Before I make any comment, I will ask you this, have you been able to check the reviews on the app on trustpilot to know peoples view and experience about the app because that would give you a little hint on the app reliability. The idea of tracking your assets is not bad but the fact that the wallet would expose your networth us the problem. Hackers if I am not mistaken uses these app to gain access to people's funds, stealing of information linking your wallet to steal your assets. I suggest you give this a rethink because apps are softwares designed for some specific purpose and here you are thinking of downloading the assets tracking app without any knowledge of the developer. What if the app is designed with some malware to stealing or exposing your information to hackers, do you not think you have granted them access to your assets?

The application will only see the address you input and cannot steal your Bitcoin as long as you are giving it the public address and not the private key make sure that you understand which one is which other wise you could make a mistake and lose all your money. If you care about privacy I recommend not using a tracking app and just use a blockchain explorer and add the total amount of btc in your address to your total fiat money and you should have the same result without giving someone your address which they could use to track every transaction you make and the amount of money you own.

If you want to, you can probably manually enter the amount of your cryptocurrency holdings (like BTC) in some applications to achieve the same effect as using an automatic API or integration. The specific application you're using will determine whether or not this is possible, but it's definitely worth exploring as an option.


When it comes to the security of your crypto assets, you don't need to worry. However, when it comes to privacy, it's important to be aware that there are some potential risks to consider.


It's entirely up to you and your personal preferences. As I mentioned previously, one option to consider is manually entering your amounts without providing too much of your personal information to the app.

If want nothing to worry about, it's best not to share a BTC address at all.

Even if it's just a BTC address it can trace your accounts from which exchanges you have been by tracing the origin of your coins. It depends on where you are from also. If you are from a country where the government is cracking taxes on crypto then I guess you might just give it so they know you are paying.

All you need to know when you are in the crypto space and have to give away some random codes. 

I have been there actually when I started very fresh in the crypto. When I first generated my address I did not even think about public and private addresses from bitcoin org website. I was so excited about it that I sent screenshot to my friends who introduced myself to the bitcoin universe. Believe me they had greatest laugh on that day in WhatsApp group.

Why would not they? I had laughable mistake but they soon taught me what went wrong. Since then I am not even taking screenshots of my addresses which is again malpractice in the crypto game.

Better learn basics before using them. As stated here it wont be problem to share your public address.

I am on the very edge.  No idea if I think it is safe or not.  If you are using a Financial Tracking app, I assume you already do not care about your Privacy in which case it probably does not matter if you share this information with them.  Want my opinion?  I would never do this because I value my Privacy.

After all, it is about you and what you want.  Do you trust this Financial Tracking app?  Do you trust the developers?  The owners?  If you hand them this information, chances are they will sell it away to some body else.  Do you mind that, or do you just not care.  If you care, do not hand them this information.

You likely already gave a lot of people the information that you own this amount of Bitcoin.  By using a Bitcoin Explorer to check your Address balance, you are doing just this.  You are giving them the information that the balance of that Address is in your interest.  If you search it once, they may not link it to you.  But if you specifically search your own TXIDs, Addresses et cetera multiple times, they will link it to you with great accuracy.

The whole thing you are asking is surrounded by a question.  Do you care about your Privacy?

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Regards,
PrivacyG

Actually it's not even the public key that they get since addresses are one-way hashes of them - there's no way to get back even the public key.

It should be straightforward to use the blockchain.com API or some other API to periodically update your address balance for you, without having to register. In fact, there's nothing to register for in the first place.