Let’s begin by understanding what blockchain wallet is. Well, it’s the same as your physical wallet; however, physical wallet might only include credit card, debit card, and some little amount of cash, while a blockchain wallet can hold up to more than $200,000 each. It operates like your that wallet in your pocket but it’s in the data world.
Interested? Well, if you’re looking to convert your conventional cash of fiat into cryptocurrency, then we recommend you using COINBASE. It represents an exceptional avenue to gain an understanding of the blockchain wallet. Additionally, there’s a really interesting incentive upon registration on which you will receieve $10 worth of BTC.
Coinbase has also introduced a new feature recently named Staked Coins. Here you “staked” your coin for a certain period of time, unabling yourself to sell to transfer it. In return you will get Annual Percentage Yield (APY), with a return that’s similar to bonds or saving accounts or even more. It can vary from 0.01% to occasionally 25% or even more.
Furthermore, your Coinbase asset has a high level of security since it uses blockchain technology. Even though there are still some inherent risks involved in the world of blockchain, the technology will still surely be saver than regular wallets or banks.