Crypto wallets vs exchanges serve distinct purposes in the cryptocurrency ecosystem. Wallets are secure storage solutions for digital assets, allowing users to send and receive cryptocurrencies while maintaining control over their private keys. In contrast, exchanges are platforms for trading cryptocurrencies, providing liquidity and market access. While wallets focus on security and asset management, exchanges emphasize trading features and market analysis tools. Understanding the differences is essential for effective crypto management and ensuring the safety of digital assets.
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