Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Gposas on March 13, 2022, 08:55:27 AM
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Some crypto exchange platforms goes up to the level of having their own exchange wallet, does all of these crypto exchange platforms have their own wallet?
Also some have their wallet in their exchange app/website and others have their wallet as an app on their. Are there any crypto exchange platform that doesn't have it's own wallet?
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Most of the top CEX platforms got their own wallets too because this can be a great convenience for the users and there is really that big demand for it. I am sure though that there are still exchanges out there that still have to introduce their own wallets...maybe those belonging to tier-2 category platforms may not have this option but they can be working to have the wallets too. I always prefer to deal with an exchange that got the wallet especially mobile-based wallets because management, monitoring and tracking can be more convenient and accessible this way.
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Some crypto exchange platforms goes up to the level of having their own exchange wallet, does all of these crypto exchange platforms have their own wallet?
Also some have their wallet in their exchange app/website and others have their wallet as an app on their. Are there any crypto exchange platform that doesn't have it's own wallet?
Yes all exchanges have their own wallets no matter if it can be accessed in the platform or mobile devices. It’s just that these exchanges are centralized, so as the old saying goes “Not your keys, not your coins.”.
They are only good for us to do crypto trading or exchange specific altcoins to main coins like BTC, ETH, USDT, etc. But if I were you, the best way to store your assets is through non-custodial wallets. You can Google that and you’ll find lots of answers there.
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Some crypto exchange platforms goes up to the level of having their own exchange wallet, does all of these crypto exchange platforms have their own wallet?
Also some have their wallet in their exchange app/website and others have their wallet as an app on their. Are there any crypto exchange platform that doesn't have it's own wallet?
Yes all exchanges have their own hot and cold wallets. It is best best practice never to store your crypto on them for long, you can lose all your crypto quite quickly. It is best to use a trustless wallet that interacts directly with the blockchain on your own device.
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Some crypto exchange platforms goes up to the level of having their own exchange wallet, does all of these crypto exchange platforms have their own wallet?
Also some have their wallet in their exchange app/website and others have their wallet as an app on their. Are there any crypto exchange platform that doesn't have it's own wallet?
There is no way an exchange will not have a wallet, just that the type of wallet is different for security reasons. They combine the use of hot wallet and cold wallet, deposited coins are usually moved into hotwallet, this wallet stay online for trading and many more
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