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Exchange vs. Wallet: Where to Store Your Coins

Before diving into exchanges on Changelly, selecting the right crypto wallet is essential. The storage boils down to two options: wallets for security and exchanges for trading . Hardware wallets are best for large amounts but can be clunky for frequent use. A cryptocurrency exchange lets you buy, sell, and trade digital assets, acting as a middleman for crypto and fiat. A wallet, either hot (online) or cold (offline), securely stores your crypto. In short, exchanges are for trading, wallets are for safekeeping .

What's a safer option?

Top 3 Trusted Wallets

MetaMask, a popular Ethereum wallet, serves as a gateway to decentralized apps (dApps) via a browser extension. As a hot wallet, it enables real-time transactions on the Ethereum blockchain . While strengthened with seed phrases and encryption, it’s still vulnerable to online attacks—so for larger holdings, a hardware wallet may be safer.

Read the Metamask review

Tangem, a card-shaped cold wallet, protects crypto with a specialized chip . Tap it on an NFC device to manage funds via its app, supporting thousands of cryptocurrencies, NFTs, and dApps. Simple, portable, and secure.

Read the Tangem review

Exodus is a sleek, beginner-friendly software wallet that displays your crypto portfolio in an intuitive pie chart . It supports a wide range of cryptocurrencies and includes a built-in exchange for easy trading. While it offers solid encryption, it lacks two-factor authentication (2FA), which could enhance security.

9 more wallets to choose from

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