A blockchain wallet is a cryptocurrency wallet that manages different types of cryptocurrency. Sound confusing well it is if you are not familiar with the subject. We all know what the wallet in your back pocket or the wallet in your purse is. Do we really know what a crypto wallet is most of us don’t.
Well the blockchain is Here To Stay. This is the new database of the future and platform that Cryptocurrencies reside in. They requires a wallet to exchange, utilize and redeem. This is a virtual environment, that operate like that wallet in your back pocket, only in the data world.
Cryptocurrency wallets come in two main types: Hot Wallets and Cold Wallets.
- Cold wallets: wallets not connected to the internet, it makes them more secure but are less convenient for everyday transactions. You cannot readily access them for exchanges since they are offline.
- Hot wallets: Connected to the internet via mobile devices, desktops, or web browsers, hot wallets offer easier access for transactions. You can use them on any device with an internet connection.
We recommending Coinbase easy to use, therefore funds are added easily through PayPal.
Coinbase offers Stacked Coins. You hold your coins for gains consequently you can not trade or sell them. They are Staked, in other words they hold their value and gain an APR just like your savings account does. The APR ranges from 0.01 to 25%. There is always a risk as with anything.
Blockchain and Cryptocurrencies and other education and support is available on our online Community Zoom Rooms. You can Contact With Us for more! This is a technology not a lot of us are very familiar with.
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