What exactly is a blockchain wallet? Perhaps that is the best question to begin with. A wallet is best defined as that leather-bound “fold-over” pouch in which you keep your cash, credit cards, and that photo of your first Ferrari (which you will buy when bitcoin reaches $200k per coin).
To exchange, use, and redeem cryptocurrency, you’ll need a wallet on the blockchain, which is the future’s database and platform. This is a virtual environment that functions similarly to the wallet in your back pocket, but in the data world.
Looking for the best and fastest way to upload CASH or FIAT into Cryptocurrency? We use the blockchain wallet with COINBASE (we suggest you set up – it’s the best way to learn more about Cryptocurrency. You get $10 in BTC just for joining).
There are various more wallets available, each with a specific purpose and resource inside blockchain, cryptocurrencies, and the expanding digital future that awaits us all.
Coinbase is offering Staked Coins now, and option to “Stake” or hold your coins for gain. 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 (Annual Percentage Yield) as you would with a Bond or Savings Account. These are ranging from 0.01 to sometimes 25{cdbdce08e2b6b279f2d8075e6391de01addb001f1c02182e204ca3d4dbbcaa02} 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 can earn incentives, usually in the form of more coins, while the staking is going place. Like a bank bond or Certificate of Deposit. Used to generate and leverage the generation of new Crypto Coins.
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