Difference between bitcoin exchange and wallet

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Coins VS Tokens: What's the Difference? - 3-min crypto
Centralized cryptocurrency exchanges act as an intermediary between a buyer and a seller and make money through commissions and transaction fees. You can. Crypto wallets store your private keys, keeping your crypto safe and accessible. They also allow you to send, receive, and spend cryptocurrencies like Bitcoin. ssl.whatiscryptocurrency.net � blog � wallets-vs-exchanges.

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calendar_month 08.12.2021

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If Bitcoin was being widely used for payments, a Bitcoin wallet is the program you'd use to send and receive Bitcoin for day-to-day transactions, too. Sending and receiving cryptocurrency is very easy using these applications. That's why it's important to have backup copies of your Bitcoin wallet, toojust like you'd have backup copies of any important data.