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Crypto wallet vs exchange wallet

Both have a role. Exchanges are often used for buying and trading, while non-custodial wallets are built for direct ownership and day-to-day use.

Non-custodial wallet

You control keys and transaction approval. Best for direct ownership and payment flexibility.

Exchange wallet

Custody is held by the platform. Convenient for trading and fiat ramps.

Practical split

Many users buy on exchanges and move spend balances to non-custodial wallets.

Decision checklist

  • Need direct ownership and payment control? Use non-custodial wallet.
  • Need quick buying/selling with fiat? Exchange can be practical entry point.
  • For routine spending, keep a dedicated wallet payment balance.
  • Review platform risk and custody model before storing larger amounts.
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