Do crypto exchanges provide wallets?

While there are other ways to purchase crypto, many people acquire crypto on cryptocurrency exchanges. Upon making a purchase, the cryptocurrency you acquired is automatically stored in your exchange-hosted wallet , which is typically custodial, meaning the exchange has control of your private keys.

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Are online crypto wallets safe?

Among them, web wallets are the least secure , though all crypto hot wallets are vulnerable to online attacks. A benefit to hot wallets is ease-of-use. Because they are always online, there’s no need to transition between offline and online to make a cryptocurrency transaction.

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