Methylammonium lead halide perovskite nanocrystals offer attractive optoelectronic properties but suffer from fast degradation in the presence of water.I nc ontradiction to this observation, we demonstrate the possibility of ad irect aqueous synthesis of CH 3 NH 3 PbX 3 (X = Br or Cl/Br) nanocrystals through the reaction between the lead halide complex and methylamine when the pH is maintained in the range of 0-5. Under these synthetic conditions,t he positively charged surface of the perovskite nanocrystals and the proper ionic balance help to prevent their decomposition in water.A dditional surface capping with organic amine ligands further improves the photoluminescence quantum yield of the perovskite nanocrystals to values close to 40 %, ensures their stability under ambient conditions for several months,and their photoluminescence performance under continuous 0.1 Wmm À2 405 nm light irradiation for over 250 hours.Over the past several years,o rganic-inorganic methylammonium lead halide perovskites (CH 3 NH 3 PbX 3 ,X= Cl, Br, I) and all-inorganic cesium lead halide perovskites (CsPbX 3 , X = Cl, Br, I) have experienced unprecedented development both from the synthetic point of view and in terms of optical quality, [1][2][3][4][5] with potential for employment in optoelectronic devices. [6][7][8][9] However,t he moisture sensitivity of perovskites and their apparent instability upon contact with water remain as erious challenge which impedes their practical application. [10][11][12] Several recent studies devoted to revealing the interaction mechanism between perovskites and water [13][14][15] have pointed out that weak interactions between the organic and inorganic constituents,p articularly at the surface of the perovskite,l ead to their rapid decomposition upon exposure to H 2 O. [16][17][18][19] To avoid this issue,b oth bulk perovskites and perovskite nanocrystals (PNCs) were synthesized in organic solvents,s uch as N,N-dimethylformamide (DMF) and dimethyl sulfoxide (DMSO) in the presence of hydrophobic organic ligands, [20][21][22][23][24] which help to provide basic protection from moisture. [25][26][27][28] Methods to further enhance their protection from aqueous environment include surface encapsulation with dense layers of polymers, [29][30][31] SiO 2 , [32,33] Al 2 O 3 , [34,35] and ZnO. [36] Because of the anticipated general instability of perovskites in water, the aqueous synthesis route that is rather common for metal and classical semiconductor quantum dots [37][38][39] has never been considered as applicable for PNCs.A tt he same time,r ecent studies have pointed out the positive role of trace amounts of water in the formation of PNCs, [40] the self-healing of perovskite thin films, [41][42][43] and the possibility to perform the synthesis of perovskite/oxide Janus particles and phase transformation from organic solvents. [44] These observations imply the existence of as olubility equilibrium between perovskites and their saturated ionic components in water, which can eventually be shifted to...