Blockchain Wallet. What is a Blockchain wallet? That might be a better question to ask. A wallet is generally described as a leather or vinyl pouch that folds over and is used to hold your cash, photos, ID, and maybe a picture of that awesome house next to the beach that you are going to buy when the Bitcoin you purchased reaches over $200K each.
Cryptocurrencies reside in a platform called Blockchain, and they require a wallet to use for future transactions (Exchange, utilize, and redeem your Cryptos). The wallet works much like the wallet in your pocket, only in a virtual environment.
COINBASE is one of the best ways to upload CASH or FIAT into Cryptocurrency. (Set up, it is a great way to learn more. Just to join, you get $10 in BTC).
You will find several other wallets within Blockchain, all with set purposes and resources. A fast-growing digital future and cryptocurrency are in store for us.
Coinbase is giving you the option to “Stake” your coins. This means gains for you. To “STAKE” your coins means that you will not be able to sell or transfer them. They will be on hold. Since your coins are STAKED, they will hold their value. By doing so, you get an APY or Annual Percentage Yield somehow, like a Bond or Savings Account. Coins supported within Coinbase generally have proven to be the safest. But risk is common with investments, and this includes staking.
Staked “Coins are similar to a bank bond or a Certificate of Deposit. They gain in rewards.