What is a blockchain wallet? Maybe that is the best question to start with. A regular wallet is best described as that leather bound “fold-over” pouch in which you store your cash, credit cards, and photos of loved ones.
Well the blockchain – the new database of the future and platform that Cryptocurrencies reside in, 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 data world.
A blockchain wallet is a digital wallet that allows users to store and manage their Bitcoin, Ether, and other cryptocurrencies. With these wallets you can transfer cryptocurrencies. You can also convert them back into a user’s local currency. A blockchain wallet also has a number of security features to prevent theft.
Are you looking for the best way to upload CASH or FIAT into Cryptocurrency? We use the blockchain wallet with COINBASE (we suggest you set it up. It’s the best way to learn more. (You get $10 in BTC just for joining).
There are several other wallets – all with set purposes and resources within blockchain, cryptocurrency and the growing digital future in store for us all.
Coinbase
Coinbase now offers 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.
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.
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% 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. This is similar to a bank bond or Certificate on Deposit. They can be used to create and leverage the creation of additional Crypto Coins.
You are welcome to contact us regarding this or anything available on this Community Information System. See how by clicking here.
Response Magic