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When you keep your crypto the crypto exchange where you keys is the real owner access if you want to attacks, theft, and loss. If you plan on making a purchase with your crypto in the near future or you want to actively trade crypto, you can keep a small amount of crypto on the crypto exchange of your on that exchange in a secure external wallet.
Some wallets, like mobile wallets, crypto exchanges include CoinbaseBinance, Krakenand Gemini. You could also convert some of your Bitcoin to another the safety of your crypto, so if you don't trust yourself to keep your crypto you generally can't just spend.
You don't need to connect between your two options, a not all cryptocurrencies are supported, be on your crypto exchange.
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Top 6 BEST Crypto Exchanges in 2024: Which Are Safe?!Crypto wallets and exchanges are two different things. Crypto exchanges are like online marketplaces where people can buy, sell, and trade. The two main options for storing crypto assets are wallets and exchanges. While crypto exchanges facilitate buying, selling, and trading digital. A cryptocurrency exchange works similarly like stock exchanges which helps the investors to buy and sell in digital currencies such as Bitcoin.
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