Do I need a wallet with Binance?

Binance.US does not provide information on an internal wallet offering, but you can keep your coins within your account on the exchange . It also partners with Trust Wallet, a third-party hot wallet option. You can withdraw your coins from your account onto your own hot or cold storage option at any time (for a fee).

A crypto wallet is a tool that allows users to interact with blockchain networks . They are necessary when sending and receiving Bitcoin and other digital currencies. Crypto wallets can also be used to generate new blockchain addresses.

Binance is an online exchange and yes it does have its own wallet .

Binance provides a crypto wallet for traders to store their electronic funds . The exchange also has supporting services for users to earn interest or transact using cryptocurrencies.