A Blockchain Wallet is a virtual wallet where Cryptocurrencies are stored. Unlike the wallet you carry, it can’t be picked. It is a safe place where only the owner of the wallet has the key.
I remember, as a young man, opening my first bank account and learning how to write a check and balance my account. That option is still available, in fact necessary, but with the creation of Blockchain, it is dated. Blockchain gives you better protection and is available 24 hours a day. Someday, your local bank will become obsolete.
Blockchain Forever:. Blockchain is the database of the future where Cryptocurrencies reside. They require an exchange, like a bank to purchase, sell, or exchange, and a wallet to store in, like a safe. This is a virtual environment, that you control 24 hours a day anywhere in the world where you have internet access.
If you’re looking for a way to change CASH or FIAT into Cryptocurrency? We suggest the BASE wallet with the COINBASE exchange (we suggest you set it up – it’s the simplest way to learn more. You get $Money in Bitcoin (BTC) just for joining).
- There are many other wallet and exchanges. All with set purposes and resource within blockchain, cryptocurrency and the growing digital future in store for us all. For years we have been trusting and utilizing Coinbase.
- Coinbase is now offering Staked Coins, and the option to “Stake” or hold your coins for gains, like interest in a bond account. 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 or more. The ones supported within Coinbase generally have proven to be safe. Risk, however, is always involved with investments and that includes staking.
- Staked Coins sometimes gain in rewards, usually in additional coin as the staking is occurring.
We cover and train on the Blockchain, Cryptocurrencies and More in our Online Community Zoom Rooms. Be sure to get in Contact With Us for more information! We will educate and support you in this incredible new technology.