Let’s start with, what is a blockchain wallet? It can be likened to that leather bound, fold-over, thing-a-ma-jiggy, you house your dollars, credit cards, various photos like that first sports car you plan on buying with your bitcoin when they reach $200,000 each.
Seriously, the blockchain is the wave of the future. It is the new database and platform that houses your Cryptocurrency allowing you to exchange, redeem and utilize. It functions like the wallet in your back pocket or for ladies, in your purse, in this virtual environment, existing in the data world.
In search of the best way to upload CASH OR FIAT into Cryptocurrency? We recommend the blockchain wallet with COINBASE. We advise setting it up because it is the best way to learn more. And by doing so, 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.
From there are many other wallets – All with specific set purposes and resource within the blockchain, cryptocurrency, and the ever-growing digital future that lies ahead of us all.
Coinbase is currently offering Staked Coins and the option to “Stake” or hold your coins for gains. By Staking them you agree to lock them. To lock them means you will not sell or transfer them. The purpose of staking them is so they hold the value of the COIN itself. This is beneficial to you because you get an Annual Percentage Yield (APY) like you would with a Bond or Savings Account. Which range from 0.01 to 25% or more, sometimes. However, the ones associated within Coinbase, typically have proven to be safer. But with investments and staking being no different, there are always risk involved.
Staked Coins have the ability to gain in rewards, resulting in additional coin as the staking is taking place. Much like bank bonds or Certificate of Deposit used to generate and leverage the creation of even more Crypto Coins.
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-Karen
Response Magic