What is a blockchain wallet? Maybe that is best question to start with. A wallet is best described as a leather “fold-over” pouch you put your cash, credit cards, and photos in. Above all, a photo of the car you well buy when cashing in bitcoin.
Well the blockchain is Here To Stay. With this in mind, this is a new database of the future that Cryptocurrencies reside in. As a result, it requires a wallet to exchange, use or redeem. In fact, this is a virtual wallet, that acts like the wallet in your back pocket, only virtual.
Looking for the best option to deposit CASH or FIAT into Crypto? We use the online blockchain wallet with COINBASE . For this reason, we suggest you set one up – this is the best way for more information.
- From there, there are several other wallets. All with set resources within blockchain, cryptocurrency and the growing digital futures in the market. 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 hold on to them, where you “STAKE THEM” means you won’t sell or transfer the crypto coins. With this in mind, you get a APY or Annual Percentage Yield just like you would with any other Bond or Savings Account. These are ranging from 0.01 to sometimes 25% or more. Furthermore, the ones in Coinbase usually are more safe. But risk is always involved with investments and that includes staking.
- Staked Coins are able to increase in rewards, mainly in coin as the staking is going on. Similar to a bank bond or Certificate on Deposit. Used to create and earn more Crypto Coins.
We explain and teach on the Blockchain, Crypto, and More in our Online Community Zoom meetings. Please be sure to Contact With Us for more info! We will educate and support you in this incredible time of life with this technology.
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