Which is safer exchange or wallet?

Exchanges are considered the least secure venue to store cryptocurrency, while offline wallets are the safest . But there’s a trade-off between the ease of entering and exiting positions and the security of your holdings.

As mentioned previously, it is not wise to keep large amounts of cryptocurrency in any hot wallet, especially an exchange account . Instead, it is suggested that you withdraw the majority of funds to your own personal “cold” wallet (explained below). Exchange accounts include Coinbase, Gemini, Binance, and many others.

A Bitcoin wallet is basically a software program in which you store Bitcoin. An exchange lets you convert “real money” like US dollars to Bitcoin .