🔄 What is a Crypto Exchange?
crypto exchange is a platform where you can buy, sell, and trade cryptocurrencies. It works like a digital marketplace connecting buyers and sellers.
👉 Key Features:
Trade coins and tokens
Convert fiat to crypto
Offers spot, futures, and P2P trading
Holds your funds in exchange accounts
💡 Simple idea: Exchange = Place to trade
👛 What is a Crypto Wallet?
A crypto wallet is a tool used to store, send, and receive cryptocurrencies. It gives you control over your private keys (especially non-custodial wallets).
👉 Key Features:
Store crypto securely
Send and receive funds
Full control of private keys (in many wallets)
Used for long-term holding
💡 Simple idea: Wallet = Place to store
⚖️ Key Differences
Feature
Exchange
Wallet
Purpose
Trading
Storage
Control
Exchange controls funds (usually)
You control funds
Security
Higher risk if hacked
More secure if keys safe
Use Case
Buying & selling
Holding & transfers
✅ Easy way to remember:
👉 Exchange = Market 🛒
👉 Wallet = Safe 🔐
💬 Quick Question
Do you keep your crypto mostly on exchanges or wallets?
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