What is a blockchain wallet? I can tell you that it isn’t what you think it is! It’s not that leather bound “fold-over” pouch you store your cash, credit cards, and photos of your kids in.
A Blockchain Wallet is a digital wallet that allows users to manage different kinds of Cryptocurrencies. Cryptocurrencies reside in a wallet and in order to buy, sell, transfer or store your Cryptocurrencies you need a wallet to do you. Wallets live in a virtual environment, and operate much like that wallet in your back pocket or purse do but only in the data world.
One of my favorite wallets is with COINBASE. It is easy to use, you have access to Several Cryptocurrencies and it’s very secure. You also get $10 in BTC just for opening a wallet!
There are several other wallets you can choose from – some have set purposes and you can buy certain coins you cant buy elsewhere and some for USA residents and others for residents in other countries. We think that Coinbase is a great place to start and so do the other 108 Million users they had in 2022!
Coinbase has now offered “Staking” for some of their supported Coins. Staking cryptocurrencies is a process that involves committing a crypto assets to support a blockchain network and confirm transactions. Meaning you will not sell or transfer them until your Staking time period is up. They are “STAKED” so they hold the value of the COIN itself and for you doing this, you are rewarded with an Annual Percentage Yield like you would be with a Bond or Savings Account. It is a great way to Earn extra FREE Cryptocurrency while you are holding your coins anyway.
I’m sure you have heard that Cryptocurrency is a volatile asset, and there are risks with any investment. We feel that Coinbase has proven to be more safe than others.
If you have any questions, please feel free to Contact Us by Registering to the Right
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