What is a blockchain wallet? First, it is a secure digital wallet for managing, storing, sending, and receiving cryptocurrencies. Many from the older generation scratch their head about it! But it is okay to learn something new at any age. To keep up with the time, we need to know and learn about it. I always think of a wallet where my husband keeps all his valuable assets 🙂 I recently got him a new one to replace his beloved worn-out leather one. Yep, you guessed it. He has pictures of his grandkids! Medicare and insurance cards and a few credit and debit cards, too.
Blockchain is here to stay. So hold on to your seats!
The Big Word—blockchain—is the new database of the future. It is a platform on which cryptocurrency is based. It requires a wallet to exchange, utilize, and redeem. We are used to thinking of something tangible. I know, but we are now living virtually in many aspects of transactions. It really works like that wallet in your back pocket or purse, only in the data world.
Coinbase
Are you shopping around and looking for the best way to upload CASH or FIAT into Cryptocurrency? We use the blockchain wallet with COINBASE. We suggest that you set up your own account. You learn to play the piano by touching the keys. Learn to be a carpenter by touching the hammer. Hands-on is the best way to learn, and you get $10 in BTC just for joining. Hands-on is the best way to learn, and 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.
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{5acad3af9ff11f0f0a70001f57a1b8ce186d5ac564775a695c8136d09295219d} 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. Similar to a bank bond or Certificate on Deposit. Used to create and leverage the creation of additional Crypto Coins.