You will need a blockchain wallet if you are going into the future World of Cryptocurrency that has arrived. This is the place you store cash, credit cards…
Blockchain Is simple. Don’t get freaked out by the terminology. This simply a database and a platform where Cryptocurrencies stay in a virtual environment like a wallet in your pocket in the data world.
Sending Crypto across international borders is easy.
No need to wait for days or pay extra fees for making an international transfer. Also, there aren’t limits on the amount you can send. No credit card number can be used to steal from you. Sometimes you can send sums without showing your identity. This obviously helps when it comes to the safety and security of your Cryptocurrency. Be aware that at times it takes a few business days to transfer Cryptocurrency suck as a Bank Transfer does. This all depends on the institution’s speed. For example, my Bank it took 2 days to transfer funds.
This helps you upload CASH or FIAT(AKA: Commodity Money) into Cryptocurrency. We suggest the blockchain wallet with COINBASE. It is a fantastic way to learn more. You also gather $10 in Bit Coin just for joining.
Be aware there are also several other wallets – with set purposes and resource within blockchain, cryptocurrency is growing and is the future for us all.
Just a friendly reminder:
Coinbase offers Staked Coins, the ability to Stake / Hold your coins for gains. When you agree to lock them, you have “STAKED THEM” meaning you will not sell or transfer them. They are STAKED so they are holding the value of the COIN itself. By doing this you get an APY or Annual Percentage Yield as you would with a Bond or Savings Account. These can range from 0.01 to sometimes 25% or more. The ones Coinbase supports generally have proven to be more safe. Risks are associated with any investment such as staking. I used to get panicky as this form of currency can go up and down for no apparent reason. It is the control freak in me and I had to gather self-discipline.
Above all, Staked Coins can gain rewards like additional coins as the staking is happening. Similar to a Certificate of Deposit or bank bond. This can create and leverage additional Crypto Coins. Do not be left out of the newest and latest trends simply because of fear.
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