What is a blockchain wallet? Maybe that is the best question to start off with. A wallet is best described as that leather-bound “fold-over” pouch you store your cash, and credit cards in, and that photo of your first supercar (that you are going to buy when your Bitcoin goes to $200k each).
Blockchain – the new database of the future platform that Cryptocurrencies reside in requires an electronic wallet to exchange, utilize and redeem. This is a virtual environment, that operates like that of a wallet in your back pocket, only it is in the data world.
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).
From there, you will find several other wallets – all with set purposes and resources within the 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 future gains. It is important 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 an APY or Annual Percentage Yield as you would with a Bond or Savings Account. The ranges are from 0.01 to sometimes 25{d795446ec3cedc53310db96380b20ec13a68e623176ba30d8fad7c2859a7e755} or more. The ones supported within Coinbase generally have proven to be safer. But risk is always involved with investments and that includes staking.
Staked Coins are able to gain in rewards, usually in additional coins as the staking is occurring. Similar to a bank bond or Certificate of Deposit. Used to create and leverage the creation of additional Crypto Coins.