Which is safer exchange or wallet?

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 .

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.