🔐 Crypto Exchange vs. Crypto Wallet: What's the Difference?

New to crypto? Understanding these two is essential

Crypto Exchange 🔄

Think of it like a stock market for digital currencies. It's where you buy, sell, and trade cryptocurrencies. Exchanges hold your funds temporarily while you're actively trading. Popular examples include Coinbase and Binance.

Crypto Wallet 💼

This is your personal storage vault. Wallets don't let you trade—they just store your crypto safely. You control your private keys (like a password), which means only you can access your funds. They come in two types: hot wallets (online) and cold wallets (offline hardware devices).

The Bottom Line:

Use exchanges for trading. Use wallets for long-term storage and security.

Many people use both—trading on exchanges and transferring their crypto to wallets for safekeeping.

#Learn #Crypto #AzanTrades #Wallet

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