What is a blockchain wallet?
Pretty much everyone knows what a wallet is. They are typically used to store ID’s, cash, credit cards, or other important documents. A “Blockchain” wallet is similar, except it is for Cryptocurrencies. A blockchain wallet is used in the data world much in the same way that a leather wallet is used in the brick and mortar world.
Looking for the best way to upload CASH or FIAT into Cryptocurrency? We use the blockchain wallet with COINBASE (we suggest you set up – its the best way to learn more. You get $10 in BTC just for joining).
- From there, there are several other wallets. All with set purposes and resource within blockchain, cryptocurrency and the growing digital future in store for us all. For years we have been trusting and utilizing Coinbase.
- Coinbase is now offering Staked Coins, and the option to “Stake” or hold your coins for gains. You agree to lock them, where you “STAKE THEM” meaning you will not sell or transfer them. They are STAKED so they hold the value of the COIN itself. For doing so, you get a APY or Annual Percentage Yield as you would with a Bond or Savings Account. These are ranging from 0.01 to sometimes 25{aec1786feeb0e063db098f4c2e55f229e1b8b396d019a2e8ed623b00c927c763} or more. The ones supported within Coinbase generally have proven to be more safe. But risk is always involved with investments and that includes staking.
- Staked Coins are able to gain in rewards, usually in additional coin as the staking is occurring. Similar to a bank bond or Certificate on Deposit. Used to create and leverage the creation of additional Crypto Coins.
We cover and train on the Blockchain, Cryptocurrencies and More in our Online Community Zoom Rooms. Be sure to get in Contact With Us for more! We will educate and support you in this incredible time of life with this technology.
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