🚨 🔥 Attention my dear investors
🔹 Binance
It is the cryptocurrency broker (exchange).
Functions as a marketplace where you can buy, sell, trade, and withdraw crypto and reais.
Offers various services besides trading: staking, launchpool, futures, P2P, among others.
When you leave the cryptos inside Binance, they are under the custody of the broker (not 100% in your hands).
🔹 Binance Wallet (Binance Web3 Wallet)
It is the decentralized wallet integrated with the broker.
Created for you to have full control of the private keys (meaning you truly own your coins).
Allows you to connect with the Web3 universe:
Use DApps (decentralized applications).
Access DeFi (decentralized finance).
Make token swaps across different blockchains.
Unlike the broker, 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 one app/site.
High liquidity: you can buy and sell quickly, without difficulty finding a buyer/seller.
Extra services: staking, launchpool, P2P, futures, loans, etc.
Robust security: two-factor authentication (2FA), anti-fraud measures, constant audits.
Direct withdrawal to reais (BRL): you can transfer to your bank account in Brazil.
❌ Disadvantages:
You do not have the private keys: 'Not your keys, not your coins' (if the exchange locks your account, you cannot access your coins).
Risk of blocking/regulation: being centralized, it is subject to rules and possible 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 DEXs, decentralized staking, NFT marketplaces, games, etc.
More freedom and autonomy: does not depend on the exchange to move funds.
Support for multiple blockchains: allows you to swap tokens and use different networks within the wallet itself.
❌ Disadvantages:
Greater responsibility: if you lose the seed phrase (recovery keywords), you lose access forever.
Steeper learning curve: it can be more complicated for beginners.
No direct withdrawal to reais: to convert to cash in your bank account, you need to send it back to a broker like Binance.
More exposure to scams: as you interact with DApps and smart contracts, you need to be vigilant about malicious sites.
👉 In summary:
Binance (exchange): a 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.
👉 Register on Binance: Register now!
