Wallet / Staking
A Wallet, also called a wallet, is a program that is responsible for storing public and private keys. Anyone who owns Bitcoins or other crypto currencies owns a Wallet. It allows you to interact with the blockchain to send/receive cryptos or even track transactions. In other words, it is he who stores your crypto currencies like a traditional wallet.
How it works
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There are millions of people around the world who use Wallets (wallets), but few of them really understand how they work. These are not simple online accounts like those of your banks, here we are talking about Wallets (portfolios), which are not locatable on the planet, which in fact have no physical form. Everything is on the Blockchain.
These are programs that store your public and private keys as well as an interface on the Blockchain. Users can manage their balance as well as their transactions through the Blockchain from anywhere in the world as long as they have internet access. For example, when someone wants to send you Bitcoins, they must enter the private key (provided when creating the Wallet) corresponding to the public key to authenticate the owner of the Wallet (portfolios ). Once the correspondence of the two keys has been verified, the person can manage their balance and send them to another Wallet (portefeuilles).
Different types of Wallets
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There are different types of Wallets to store your crypto currencies.
They are distinguished in 3 categories:
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-The Software Wallet: Desktop, mobile or online
-The Hardware Wallet
-The Paper Wallet
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Wallet office: Desktop is a Wallet that is directly downloaded and installed on your computer. It is only accessible from this one and only computer. It offers one of the best storage security… as long as your computer is not infected at the risk of losing everything.
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Mobile Wallet: Works via an application on your smartphone. Can be very useful for people who travel a lot because it can be used from anywhere. Mobile wallets are generally simpler and lighter than desktop wallets.
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The Paper Wallet: how the name suggests stores your cryptos on a sheet of paper. Very easy to use with a maximum level of security, it is simply a piece of paper where you tag your private key and your public key (usually accompanied by a QR Code). A tutorial will be coming soon.
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The Hardware Wallet: Store your cryptos on a physical device such as a USB key or any other device that allows you to do so. Offline storage of different crypto currencies and easy to use.
I recommend: Ledger Nano
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The Online Wallet: Run on the cloud and viewable from anywhere in the world. However, has a big drawback, online Wallets store your private key and are unfortunately not immune to an attack.
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Thank you for reading this message.
​Sincerely
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Here is a list of Wallets that work, that I update in case of problem or malfunction:
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- Coinbase -->>> 10$ free registration
- Binance -->>>
- Stakecube -->>>
- Uphold -->>> 20$ free registration
- Cwallet -->>>
- Dogechain Wallet -->>>
- Realix -->>>
- Digitalgoldeconomy -->>>
- Xeno-Exchange -->>>
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- Payeer Wallet -->>>
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- KuCoin -->>>
- Kraken -->>>
- Blockchain -->>>
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- Nexo -->>>
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- Freewallet -->>>
- Yobit -->>>
- Hotbit Wallet -->>>
- Cryptonator -->>>
- Okex -->>>
- SpectroCoin -->>>
- Coinsmart -->>> 15$ free to register
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What is Staking?
Consider staking as a less resource-intensive alternative to mining. Staking involves holding funds in a crypto wallet to secure the operations of a blockchain network. In other words, staking is the act of locking up cryptocurrencies with a view to receiving rewards.
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Summary
Staking has become a popular way for cryptocurrency investors to grow their positions without having to sell their digital assets. Staking can be thought of as the crypto equivalent of putting your funds in a savings account. The difference is that when you deposit money into your savings account, the bank lends it to others, sharing the interest with you. When you stake your crypto, you lock up your digital assets to help maintain the security of a blockchain network, earning rewards in return.
In most cases, you will be able to stake coins directly from crypto wallets like Coinbase. Additionally, many exchanges offer staking services to their users. Staking allows you to earn rewards very easily. All you need to do is keep your assets on the exchange.
To support me, if you enjoy my content.
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Secure your cryptocurrencies with the Ledger Nano
Coinbase to buy BTC, BCH, ETH, LTC, etc. with a bonus of $10 free bitcoin
Cryptomanie is a site where I share my knowledge of crypto-currencies, as well as tutorials on wallets, mining, etc...
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User reviews: Good or bad experience, victim of a cryptocurrency wallet or staking scam, please share your experience in the comment field below.
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