With the future of Cryptocurrencies and starting to use them, you will need a blockchain wallet.
What is a blockchain wallet? We all know a wallet is a leather folding pouch that fits in your pocket or purse. The wallet is for storing your money, credit cards, unique photos, and a photo of that first big purchase you make (when your Bitcoin reaches $200k each) in an organized manner. We recommend using a COINBASE Wallet, which is the main wallet we use. However, here we have three main types of blockchain wallets for you to investigate also:
- Desktop Wallets: Desktop wallets will be stored on your desktop using cold servers, which will keep your private keys.
- Online Wallets: Online wallets are hot wallets on the internet. These are very convenient to access on any device.
- Hardwire wallet: This is a USB drive cold storage type wallet. These are less likely to be hacked and are easy to use by plugging into your computer.
How To Start with blockchain wallet:
As we stated earlier, there are several types of wallets available. We recommend using a COINBASE Wallet, the main wallet we are use. You can have additional wallets as well if you find a need for them.
What is the best way to upload CASH or FIAT into Cryptocurrency?
Our choice is the blockchain wallet COINBASE to accomplish and upload. Adding is easy, and they work with many options. We also recommend using PayPal to fund your wallet for use.
- Now, you can use several other wallets. These will have set purposes and resources within blockchain currency and the growing digital future we are gaining access to. For years now, we have been using and trust using and trusting Coinbase.
- You can now “Stake” your coins with Coinbase and be able to hold your coins for gains. Coinbase is now offering Staked Coins and the option to “Stake” or have your coins for gains. By “Staking Them,” you cannot sell or transfer them. You agree to lock them, where you “STAKE THEM,” meaning you will not sell or transfer them. You will get an APY or Annual Percentage Yield. as you would with a Bond or Savings Account. These ranging from 0.01 or more. But there is always risk involved with investments, which includes staking.
- Staked Coins can awarded rewards, usually in additional coins. Similar to a bank bond or Certificate on Deposit. Staking is the primary way to increase Crypto Coins.
We have support staff to train and support you on blockchain, cryptocurrency, and more in our Online Community Zoom Rooms. Make sure you Contact Us for more!
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