What is a BlockChain wallet you ask? That may be the best question to get started with. A we are familiar with, the wallet is best illustrated as that leather bound “fold over” money bag you keep your credit cards, cash, and that first photo of your new super car (you know the one that you’ll buy when your Bitcoin rockets up to $200K each).
Well, Blockchain…the new database wave of the future and platform CrytoCurrencies dwell in requires a wallet to exchange, and to use, and redeem. This is a virtual place that functions just like the wallet you keep in your pocket, yet only in the data world.
Are you looking for the best way to upload FIAT or CASH into Cryptocurrency? We utilize the BlockChain wallet in COINBASE We suggest that you set it up as soon as possible…it’s the best way to learn more about it. You’ll get $10 in BTC (Bitcoin) for just joining in!
Once you get started, you’ll learn there are many kinds of other wallets – all with specific purposes and resourced within Blockchain, Cryptocurrency and the ever-growing digital future instore for all of us.
Coinbase now offers Staked Coins. The option to hold your coins for gains or to “Stake”. You’ll agree to lock them where you “STAKE THEM” means you won’t transfer or sell them. They are STAKED so they possess the worth of the COIN itself. For doing so, you do get the Annual Percentage Yield (APY) as you would with a Savings Account or Bond. These range from 0.01 to sometimes 25{1c9bb083002592c7fcb51e133658688fb6c2f708105f8b7d9253bb5602667b10} or more. It has proven to be generally safer using the ones supported within Coinbase. However, risk is Always involved when you make an investment and that also includes Staking.
Staked Coins are able to earn rewards, usually in additional coin as the staking is happening. Its like a bank bond or Certificate on Deposit. It can be used to create and leverage the creation of more Crypto Coins.