When choosing how to manage digital assets, it helps to understand the difference between storage and trading. A crypto wallet vs exchange comparison mainly comes down to control and purpose. Wallets are designed for holding assets securely, giving users direct control over private keys. They’re better suited for long-term storage and personal security. Exchanges, on the other hand, act as platforms to buy, sell, or trade assets quickly, but they usually hold custody on behalf of users. Many people use both an exchange for transactions and a wallet for safekeeping. Exploring your usage habits can make the choice clearer.