# Private
A **private address** is one you import into the wallet **without providing access to the** [**private key**](/knowledge-base/glossary.md#private-key). This means the wallet can’t manage or move funds, **as only you control the private key**. However, it can still **monitor transactions** and notify you of incoming or outgoing funds.
To perform a transaction from a **Private address**, you’ll need to **manually enter the private key**. Make sure to learn more about **private key storage** and the **precautions** you should take [**here.**](broken://pages/HGD8B9UvMIz7H0JEaFwm) Alternatively, you can grant the wallet access to the key, converting the **Private address** into a [**Shared address**](/walletium-object/address-types/shared.md) for full management through the wallet. This way, the address status will change from **Private** to [**Shared**](/walletium-object/address-types/shared.md).
As a result, you can import and organize all your addresses in one place **using only** [**public addresses**](/knowledge-base/glossary.md#public-key), with no need to provide your private keys unless necessary.
{% hint style="info" %}
The flexibility we provide makes [**Walletium**](https://t.me/walletiumbot) a unique tool, offering a hybrid approach that enables both monitoring and full management in one place.
{% endhint %}
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