Too much drama to deposit cryptocurrencies into wallets

The difference between a wallet and an exchange.

🔐 1. Wallet

A cryptocurrency wallet is a tool (application, device, or software) that allows you to store, send, and receive cryptocurrencies.
It gives you direct control over your funds.

Types:

Hot Wallet (online): Trust Wallet, MetaMask…

Cold Wallet (offline): Ledger, Trezor…

Features:

You own your private keys (and thus have full control over your cryptos).

More secure if used correctly.

Does not directly allow buying/selling with fiat money (€/$) – you need to go through an exchange.

---

💱 2. Exchange

An exchange is a platform (site/app) where you can buy, sell, trade cryptocurrencies for other cryptos or traditional currency.

Examples:

Centralized (CEX): Binance, Coinbase, Kraken…

Decentralized (DEX): Uniswap, PancakeSwap…

Features:

Simple to buy/sell.

You do not own the private keys (in CEX).

You entrust the custody of your funds to the platform (which presents a risk in case of hacking or account blocking).

🧠 In summary:

Aspect Wallet Exchange

Main function Store and secure your cryptos Buy, sell, and trade cryptos
Private keys You control them Controlled by the exchange (in CEX)
Risk Less if well secured More risks (hacking, restrictions…)
Ease of purchase Less convenient Very convenient for beginners
Examples Trust Wallet, MetaMask, Ledger Binance, Coinbase, KuCoin, Uniswap…

✅ Good to know:

"Not your keys, not your coins": if you do not hold the private keys, the cryptos are not really yours.

Best practice: buy on an exchange, then transfer to your personal wallet for more security.
$BNB
{spot}(BNBUSDT)