When it comes to the blockchain, there are known advances being made especially with the utilizing of a blockchain wallet. But, what is a blockchain wallet? Maybe that is best question to start with. A wallet is best described as that leather bound “fold-over” pouch you store your cash, credit cards, that photo of your first supercar (that you are going to buy when your bitcoin goes to $200k each).
Well ,the blockchain – the new database of the future and platform that Cryptocurrencies reside in – requires a wallet to redeem, exchange, and utilize them. This blockchain wallet is a virtual environment that operates like that wallet in your back pocket, only in the data world.
COINBASE
Are you looking for the best way to upload CASH or FIAT Currency into Cryptocurrency? We use the blockchain wallet with COINBASE (we suggest you set up – its the best way to learn more. And you get $10 in BTC just for joining. Read about Free Bit Coin Here!
From there, there are several other wallets – all with set purposes and resource within blockchain, cryptocurrency and the growing digital future that is in store for all of us.
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. In doing so, you get an Annual Percentage Yield (APY) as you would with a Savings Bond or Savings Account. These are ranging from 0.01 to sometimes 25% 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 are able to gain in rewards, usually in additional coin as the staking is occurring. This is similar to a bank bond or Certificate on Deposit. They are used to create and leverage the creation of additional Crypto Coins.
Get your Blockchain Wallet for these set up today.
Response Magic