🔹 Binance
It is the cryptocurrency exchange platform.
Functions as a marketplace where you can buy, sell, trade, and withdraw cryptos and reais.
Offers several services in addition to trading: staking, launchpool, futures, P2P, among others.
When you leave the cryptos inside Binance, they are held by the exchange platform (not 100% in your hands).
🔹 Binance Wallet (Binance Web3 Wallet)
It is the decentralized wallet integrated into the exchange platform.
Created so that you have full control of the private keys (i.e., you truly own your coins).
Allows you to connect to the Web3 universe:
Use DApps (decentralized applications).
Access DeFi (decentralized finance).
Make token exchanges across different blockchains.
Unlike the exchange platform, here the cryptos are not held by Binance, but directly in your wallet.
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Binance (Exchange)
✅ Advantages:
Ease of use: ideal for beginners, everything is integrated into a single app/site.
High liquidity: you can buy and sell quickly, without difficulty finding a buyer/seller.
Additional services: staking, launchpool, P2P, futures, loans, etc.
Robust security: two-factor authentication (2FA), anti-fraud, constant audits.
Direct withdrawal in reais (BRL): you can transfer to your bank account in Brazil.
❌ Disadvantages:
You do not hold the private keys: "Not your keys, not your coins" (if the exchange platform blocks your account, you cannot access your coins).
Risk of blocking/regulation: since it is centralized, it is subject to rules and potential blocks.
Limited privacy: requires KYC (submission of personal documents).
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🔹 Binance Wallet (Web3 Wallet)
✅ Advantages:
You control the private keys: you truly own your cryptos.
Access to Web3/DeFi: can use DEX, decentralized staking, NFT marketplaces, games, etc.
More freedom and autonomy: does not depend on the exchange to move funds.
Supports multiple blockchains: allows you to exchange tokens and use different networks within the same wallet.
❌ Disadvantages:
Greater responsibility: if you lose the seed phrase (recovery password), you lose access forever.
Higher learning curve: it can be more complicated for beginners.
No direct withdrawal in reais: to convert to cash in your bank account, you need to send it back to an exchange platform like Binance.
More exposure to scams: as you interact with DApps and smart contracts, you need to be careful with malicious sites.
👉 In summary:
Binance (exchange): place to trade and hold cryptos in a centralized manner.
Binance Wallet (Web3): decentralized wallet to explore the Web3 world and keep your cryptos under your own control.
👉 Sign up on Binance: Sign up now!