Bitcoin exchange vs wallet

karim
Posts: 127
Joined: Wed Apr 19, 2017 7:31 am

Bitcoin exchange vs wallet

Postby karim » Thu May 18, 2017 6:49 am

How do you distinguish a Bitcoin exchange from a Bitcoin wallet website?

safa
Posts: 70
Joined: Mon Apr 10, 2017 10:45 am

Re: Bitcoin exchange vs wallet

Postby safa » Thu May 18, 2017 8:42 am

Simple and precise: A Bitcoin wallet website is just a wallet that is used to store your Bitcoins. While a Bitcoin exchange is for trading Bitcoin with other currencies. Hope this helps.

rumio
Posts: 56
Joined: Wed Aug 23, 2017 4:38 am

Re: Bitcoin exchange vs wallet

Postby rumio » Thu Aug 24, 2017 8:03 am

Well a Bitcoin exchange site will have options BUY/SELL BITCOIN right on their homepage, whereas a wallet site will just ask your id and pass and you'll be able to check your balance.

bas
Posts: 49
Joined: Sat Apr 08, 2017 10:44 am

Re: Bitcoin exchange vs wallet

Postby bas » Tue Aug 29, 2017 11:10 am

Bitcoin Exchange allow people to buy and sell bitcoins while wallets are used to store bitcoins

axel
Posts: 61
Joined: Sat Apr 08, 2017 10:45 am

Re: Bitcoin exchange vs wallet

Postby axel » Tue Aug 29, 2017 11:13 am

there is no comparison between them, they are totally different things!

azimiballer
Posts: 111
Joined: Wed May 03, 2017 7:31 am

Re: Bitcoin exchange vs wallet

Postby azimiballer » Tue Aug 29, 2017 11:14 am

Wallet as understood is to store bitcoins and has private key to use it while bitcoin itself provides you the wallet.

bain
Posts: 88
Joined: Tue Apr 25, 2017 5:24 am

Re: Bitcoin exchange vs wallet

Postby bain » Tue Aug 29, 2017 11:19 am

bitcoins are stored in wallet
bitcoins can be bought or sold using bitcoin exchange.

barr
Posts: 45
Joined: Sat Apr 08, 2017 10:43 am

Re: Bitcoin exchange vs wallet

Postby barr » Tue Aug 29, 2017 11:20 am

I just don't know why are they being compared, I guess you are a beginner you need to search more and get your doubts and queries cleared.

alton
Posts: 93
Joined: Sat Apr 08, 2017 10:42 am

Re: Bitcoin exchange vs wallet

Postby alton » Tue Aug 29, 2017 11:23 am

wallets are to keep your bitcoins safe and are of different types while Exchange is a platform used by people to buy & sell BTCs.

bennett
Posts: 85
Joined: Fri Apr 07, 2017 6:29 am

Re: Bitcoin exchange vs wallet

Postby bennett » Tue Aug 29, 2017 11:27 am

how can we compare them for you as they are totally two dif things?

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