A wallet is a “fold-over” pouch where you store credit cards, cash, and photos. Then what is a “blockchain wallet”?
The blockchain is a virtual environment that acts like a wallet, only in the data world. Cryptocurrencies are kept in it and it needs a wallet to exchange, utilize and redeem the currency. Its the new database of the future.
Looking for the best way to upload CASH or FIAT into Cryptocurrency? We use the blockchain wallet with COINBASE (we suggest you set up – its the best way to learn more. You get $10 in BTC just for joining).
The blockchain wallet with COINBASE (setting this up is the best way to learn more about it and you get $10 just for joining). Its the best way to upload CASH or FIAT into Cryptocurrency.
Several other wallets are there with set purposes and resource within blockhain, cryptocurrency and the digital future.
Coinbase is now offering the option to “Stake” or hold your coins for gains. It’s called Staked Coins. This means you will not sell of transfer them, but you agree to lock them, where you “STAKE THEM” so they hold the value of the COIN, Then you get a APY or Annual Percentage Yield as if you held a Bond or Savings Account. These range from 0.01 to sometimes 25{8bc4cdf6357a787ea48cd34fe0c41d42d05cea5a003a711eda4b2a5dfe70b3fc} or more. There is always risk with investments and that includes staking, but the ones within Coinbase have proven to be safer.
Just like a bank bond or Certificate of Deposit, Staked Coins can gain additional rewards as the staking occurs. This is used to create and leverage the creation of more Crypto Coins.