The question What is a blockchain wallet? Lets answer that with an analogy. Normally a wallet is a leather “fold-over” pouch you store your cash, credit cards and mostly old photos in.
The blockchain is the new database of the future and is a platform that Cryptocurrencies reside in. But it requires a wallet to accumlate the “coins” in so you can exchange, utilize and redeem them.. This is a virtual environment and it that operates like that wallet in your back pocket, only in the data world.
COINBASE
Are you looking for the best way to upload CASH or FIAT into Cryptocurrency? We use a blockchain wallet with COINBASE (we suggest you it set up – its the best way to learn more}. And you get $10 in BTC just for joining).
There are several other wallets, all with a set purpose and resource with in the blockchain cryptocurrency and the growing digital future in store for us. However, very very few have the experience and user friendly platform that CoinBase has.
Coinbase is now offering Staked Coins with the option to “Stake” or hold your coins for gains. When you Stake Them you agree to lock them in at a price. This, in the crypto world it is called to”STAKING”. This mean you will not sell or transfer them. and they hold their value and even grow, that they had at the time it was staked. So for doing this 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 safer. And remember Staking is an investment and thus risk is involved .
CoinBase is the only safe wallet for me
Lastly,Coins are able to gain in rewards, usually in additional coin as the staking is occurring. Similar to a bank bond or Certificate on Deposit is used to create and leverage the creation of additional Crypto Coins.
In conlusion, after trying many online wallets, we find coinbase to be the most user friendly and Safest wallet available. You have read about others that failed, you have never read one word about coinbase failing or even struggling. Coinbase is and wants to remain, the #1 online digital wallet. Therefore, I love the effort they put forth in creating security for our investments. In addition to, they as well are adding more and more opportunity on a regular basis.