A blockchain wallet works just like the one that you fold and put in your pocket. The only difference is that this one is electronic. Thus this is where you will be storing your cryptocurrency. It is the database of the future. This is what you will be using in place of cash and credit cards, only in the data world.
Are you looking for the best way to upload CASH or FIAT into Cryptocurrency? Use the COINBASE method. The best way to learn is to set up your own account. You will get $10.00 in BTC just for joining.
From there you will find many other wallets to join – each with their own purpose and resource within blockchain, cryptocurrency, and the growing digital future for all of us.
Coinbase is now offering Staked Coins, where you have the option to “stake” coins for gain. You agree to keep them in place where you will not sell or transfer them. They are “staked”, so they hold the value of the coin itself. In doing so you will receive an annual percentage yield, just as you would with a bond or savings account. Just know that risk is always involved with investments, and that includes staking.
Furthermore, with staked coins you are able to gain in financial rewards, usually in the form of additional coins, similar to that of a certificate of deposit. It is used to create leverage and the creation of additional crypto coins.