Can you buy crypto from a wallet?

Cryptocurrency Exchanges. The best way to start buying coins is by opening a wallet with one of the large cryptocurrency exchange websites . To open an account each user needs to provide an official document ID. At the exchange, you can buy most of the popular coins and hold them in the same wallet.

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How do exchanges manage wallets?

Exchanges typically manage customer funds by using a combination of hot wallets and cold wallets . When you deposit coins to an exchange, they move the funds from your deposit address to a hot wallet which facilitates the trading of cryptocurrencies and provides a pool of liquidity for traders.

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