Crypto Wallet vs Exchange | Forum

A crypto wallet vs exchange serve distinct purposes in the cryptocurrency ecosystem. A wallet securely stores digital assets, allowing users to send and receive cryptocurrencies while maintaining control over their private keys. In contrast, an exchange facilitates the buying, selling, and trading of cryptocurrencies, often holding users' funds temporarily for transactions. While wallets prioritize security and control, exchanges focus on liquidity and trading features. Users often utilize both to manage their crypto investments effectively, balancing security with trading convenience.