What is a blockchain wallet? A wallet is best described as that leather bound to be a “fold-over” pouch you store your cash or credit cards. The photo of your first supercar (that you are going to buy when your bitcoin goes to $200k each).
Well the blockchain is Here To Stay. This is the new database of the future and platform that Cryptocurrencies reside in and requires a wallet to exchange, utilize and redeem. This is a virtual environment, that operates like that wallet in your back pocket, only in the digital 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 Coin base.
- Coin base is now offering Staked Coins, and the option to “Stake” or hold your coins for gains. You agree to lock them, where you as a stake holder. With this meaning you will not sell or transfer them. They are staked so they hold the value of the “COIN ” itself. while doing this you get an ( APY) Annual Percentage Yield. This as you would with a Bond or Savings Account. The ones supported within Coin base 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 education and support you in this incredible time of life with this technology.
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