What in the world is a blockchain wallet? Is that what you’re thinking? Many do. So let’s start there. When you hear the term wallet, does the picture of a leather fold over billfold to carry your cash, your credit cards, and maybe photos of your kids.
Next the blockchain is the new database of the future and platform that Cryptocurrencies are stored in requiring a wallet to exchange, use and redeem. Since this is a virtual environment, it works like the wallet you have in your back pocket, or purse, but in the data world.
it’sAre you looking for the best way to upload CASH into Cryptocurrency? Use the blockchain wallet with COINBASE (I recommend you set this up – it’s the best way to learn more. You get $10 in BTC just for joining).
After that, there are several other wallets – all with a set purpose and resource within blockchain and cryptocurrency.
Coinbase is now offering Staked Coins, and the option to “Stake” or hold your coins for gains. You would 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{4c82e251a751358f063d78179d3f249c553a4af2463ac454ee03398d4eebea0e} or more. The ones supported within Coinbase have proven to be more safe. But risk is always involved with investments and that includes staking.
Staked Coins can 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.
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