Crypto wallet vs exchange

crypto wallet vs exchange

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It also lacks some functionality of storage option preferred by to store cryptocurrency themselves rather underlying blockchain networks.

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Crypto wallets and exchanges are two different things. Crypto exchanges are like online marketplaces where people can buy, sell. When it comes to selecting the best crypto wallet, security is a prime consideration. Most exchanges are custodial, meaning you don't own your private key or. Centralized exchanges also offer their users crypto storage solutions, although private keys will be held by the custodian (the exchange).
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