For anyone involved in the world of cryptocurrency, there is a must-have tool: known as a blockchain wallet (aka digital wallet), it is a software program that allows individuals to store and manage their cryptocurrencies, such as Bitcoin, Ethereum, and others. Another way to think of it is as a physical wallet in the digital world.
Online wallets are accessible from any computing device in any location. They are very convenient!
If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet. There are different types of blockchain wallets, including online wallets, mobile wallets, desktop wallets, and hardware wallets. Each type has its own advantages and disadvantages in terms of security, convenience, and accessibility.
Looking for the best way to upload CAS H or FIAT into Cryptocurrency? We use the blockchain wallet with COINBASE (we suggest you set up – its the best way to learn more, and you can earn rewards!).
FIAT. I know you’ve heard this term before. Fiat money is a government-issued currency that is not backed by a commodity such as gold. Most modern paper currencies, such as the U.S. dollar, are fiat currencies. Looking for a way to upload FIAT into CRYPTO? Let me introduce you to COINBASE
From there, there are several other wallets – all with set purposes and resource within blockchain, cryptocurrency and the growing digital future in store for us all.
Coinbase offers a feature called “staking,” where you can earn rewards on your cryptocurrency holdings. There is currently an earning of 5% on USDC. It works like this:
1. You buy or transfer a cryptocurrency that supports staking to your Coinbase account. This could be a coin like Tezos (XTZ), Cosmos (ATOM), or others.
2. Once the cryptocurrency is in your account, you just hold it there. Coinbase takes care of the rest. 3. Over time, you’ll start to earn rewards on your holdings. The 5% is an annual rate, so if you held a certain amount of cryptocurrency in your account for a year, you’d earn 5% of that amount in rewards.
You can then choose to keep your rewards in your account (where they’ll start earning rewards themselves), or you can sell them, trade them, or send them to another wallet.
We have many resources available to train you on Blockchain, Cryptocurrencies and More in our Ah-Mazing Online Community Zoom Rooms. Be sure to get in Contact With Us for more! We will educate and support you in this incredible time of life with this technology!
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