Samsung’s new Galaxy has something an iPhone doesn’t: A crypto wallet

Samsung’s newest phone, the Galaxy S22, comes with a feature that will make cryptocurrency lovers rejoice.

The Galaxy S22 has a preinstalled Samsung Wallet that supports cryptocurrency transactions such as Bitcoin, according to a report by BGR.

The phone is currently available for pre-order, which you can do here.

Galaxy users may already have seen this feature on other Samsung smart phones. The crypto wallet was in place starting with the Galaxy S10′s Samsung Blockchain Wallet, the BGR report said.

If you want to make the switch to a Galaxy phone, now is the time to do it. The tech giant is currently in the middle of a huge Presidents Day 2022 sales event, which includes discounts on smart phones.

Also, if you’re unfamiliar with cryptocurrency, here’s everything you need to know:

What is cryptocurrency?

Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. It’s decentralized, meaning it is not controlled by the government or any other central authority such as a bank.

You can use cryptocurrency to buy products from retailers who accept it as payment, such as Overstock, or sell it to make a profit.

Where can I buy cryptocurrency?

Coinbase is one of the most popular cryptocurrency trading platforms. If you sign up for a regular Coinbase account, you will receive $5 worth of bitcoin for free upon verification of ID.

Bitcoin is the most popular type of cryptocurrency. Other well-known cryptocurrencies include Dogecoin, Shiba Inu, Ethereum and Tether.

Here are some other places where you can buy cryptocurrency:

You can also buy cryptocurrency on Venmo.

How much does it cost to buy cryptocurrency?

To invest, you don’t have to buy one entire cryptocurrency, such as Bitcoin — you can buy just a fraction. One Bitcoin is currently worth over $40,000, whereas one Dogecoin is not even worth 15 cents.

Ultimately, it depends on which cryptocurrency you’re buying. Each has a different price and market value.

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Nicolette Accardi covers the online shopping industry, writing about commerce, daily deals and tips. She can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi.

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