Post
Topic
Board Beginners & Help
Re: Wallet or Exchange?
by
tranthidung
on 06/11/2021, 12:51:56 UTC
For buy and sell coins and token, a wallet is better or an exchange? Which one is cost effective?
If you care of ownership and privacy, you must use DEX and non custodial wallets. The setback is on DEX, you have to pay higher fee. Slippage is high.

If you only care about price and fee, you can use CEX. It's important to note, on CEX, you don't own private key so you don't actually own your coins. If a DEX is shut down, scam exit, whatever, you will lose your coins.

Bitcoin wallets

Ethereum wallets

More: Best Crypto Wallet Aggregators