There are only a few things which are valuable in our life. One of them is your wallet which stores your money, important documents, and cards. Similarly, as a proud cryptocurrency owner, you need a digital wallet that is as effective as your regular wallet. Wallets are important to own and invest in any type of cryptocurrency. They act as a digitized version of your bank account. With a cryptocurrency wallet, you buy and store your cryptocurrencies and trade it with others. It only makes sense to store the valuable cryptos in the prominent wallets. One such is the blockchain wallet. If you are looking for a good, trusted and secure wallet to store in your cryptocurrency, Blockchain’s wallet won’t disappoint you. The blog will take you through a comprehensive understanding of Blockchain, Blockchain wallet, why it is one of the popular wallets, how to create and how to add money to the blockchain wallet. Let’s begin! Blockchain: A distributed, decentralized and public ledger Blockchain is a record-keeping technology behind bitcoin whose key element is the transaction. In naive terms, blockchain is just a chain of blocks. The blocks are the pieces of digital information that is stored in the public database, the chain. These blocks are connected in chronological order setting up a blockchain. The average size of a block is 1 MB. A block is impossible to hack as it is protected using a cryptographic key and linked using cryptography. The network has no central authority and exempts the involvement of a human. About Blockchain wallet Blockchain wallet enables users to buy, sell and monitor the balance of the digital currencies. Though it allows the storage of a handful of cryptocurrencies (Bitcoin, Bitcoin Cash, and Ethereum), the wallet is one of the best software cryptocurrency wallets in the world and is compatible with iOS, Android and Web. Some of the notable features of a blockchain wallet are security, accessibility, and usability. Note: Please note that the blockchain wallets do not save cryptocurrencies but keep a record of the transactions. Let’s go through the steps on how to sign up for a free blockchain wallet.
How to add money to the blockchain wallet? Now so that you know how to create a blockchain wallet, let us know how you can add money into wallet. Follow the steps below to do so.
In case you have digital coins in another wallet, you may transfer them to your Blockchain wallet for the appropriate currency. However, if you don’t have any digital coins, you would have to visit an exchange that lets you purchase cryptocurrencies with fiat and then transfer the assets to Blockchain. Wrapping Up At the time of writing this blog, the Blockchain wallet has a user base of more than 15 million crypto wallets. This is one of the main reasons why blockchain wallets are among the world’s preeminent software wallets. The wallets offer easy and accessible ways to trade and store digital assets. It is highly recommended to the users to do research beforehand before they make a final choice.
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