Crypto Wallet vs Exchange

Understanding the difference between a crypto wallet vs exchange is essential for any cryptocurrency user. A crypto wallet securely stores your digital assets, while a crypto exchange facilitates buying, selling, and trading cryptocurrencies. While an exchange may offer custodial services, wallets provide enhanced security with private keys, giving you full control over your assets. Both are integral to the crypto ecosystem, with exchanges acting as gateways and wallets ensuring long-term storage and protection.