What’s the difference between a wallet and an exchange?
A wallet is for ownership and control. An exchange is for buying, selling, and trading
Think of it this way:
A wallet is about ownership and freedom.
An exchange is about trading and convenience.
Crypto Wallet (like RockWallet)
- You own your crypto
- You control when and where it’s sent
- Funds are not held by a company
Crypto Exchange
- The platform may custody your crypto
- Withdrawals are controlled by the exchange
- Best for trading, not self-custody
Some platforms offer both, but they serve different purposes.