Difference between Wallet and Exchange

[BrolySSJ 7899]

it is good to distinguish between a wallet and an exchange. Many users have lost a lot of crypto by attempting to make payments from exchanges such as yobit, where they just withdraw the amount from the exchange into the wallet of the company. This does not work and will result in you losing your crypto that you have earned. There is a very distinct difference between the two, as was indicated int his post. And I think it was explained very well here.

[KURTAULI 1297]

A wallet is a place where you can keep your investment and use it at any time. An exchange is a place where you can exchange one currency for another. But the exchange is not a good place to store currency

[tienda 8776]

Thank you for sharing this information, Yes there is a little difference between wallet and exchange wallet, if you are daily trader the best option is to keep some of your coins on your exchange wallet to avoid fees.

[mashara 107]

well, there are one main key of difference of wallet and exchange account to store and manage your digital assets, when you use a cryptocurrency wallet. you and only you are in complete control over what happens to your bitcoins. but when you keep your crypto on an exchange  account sometime to referred to as an exchange wallet you share control of your crypto with exchange yourself. 

[Juanaespinoza 139]

Good publication to help people who start cryptography. As a general one in the beginning uses the exchange cards to store their coins and if you intend to trade in the short term, that is a big mistake that can lead you to lose your assets.

[Akbor 1042]

5 hours ago, alteredkacck said:

The difference is that exchanges are to trade and wallets to hold safe.

right. mainly the exchange is only for doing trading and the wallets are only for storing crypto asset here safely. no one should his asset in the exchange wallet.

[Abuarnabkhan 71]

There are Wallets where you can store a solitary kind of Cryptocurrencies (for instance: Bitcoin) and thusly there are different wallets where you can store various sorts of Cryptocurrencies (For instance: Bitcoin, Ethereum, Litecoin, among others.) 

It is important to explain that there are various kinds of wallets (Physical, In the cloud, for PC, for Smartphone, paper, among others) 

What is an Exchange? 

Trade is an online stage, where various kinds of Cryptocurrencies can be traded, purchased and sold, at a free market cost, where the estimation of every one is set up by its own purchasers and dealers, as per the market development. 

We can consider the to be as a monetary market, which is administered by the standard of free organic market, individuals trade their diverse cryptographic forms of money, looking to acquire the most noteworthy conceivable return. 

Explained the two terms we can separate 

A wallet or Digital wallet, permits us to keep and have control of our Cryptocurrencies, and a trade permits us to trade, purchase and sell our Cryptocurrencies.

[Emmaxogi 33]

Nice post. A grouping natives assistance the addresses particular by exchanges as a wallet and that seems a humorless blooper for security reasons. 
 

[CryptoLover21 0]

There is hugh difference my friend , wallet is the place where you store your funds , which is owned and managed by you nly , you are the sole owner , but the exchange is plateform to do trading , yu can use it as wallet but you are not the sole owner

[Efs 164]

Devices or applications used to store money in wallets. You can also stake on the wallets. But exchange sites do not act as wallets and should not enter. They are easily hacked and used for coin exchange.Do not store coins in exchanges.

[Abo albkr 1]

The wallet is good for keeping your money but the stock market is another thing

[Ionescu 115]

Cryptocurrency Wallet is the best ways to store and hold your crypto secure but not exchange inside Wallet. Exchange is the way you can exchange crypto any crypto and withdraw money but holding propose is not secure