Crypto 101(2)- Wallet

What is a crypto wallet? what are they? number of users? and pros and cons?

Which is easier to start with for beginners?

Exchange wallets offer the advantage of seamless integration with trading services provided by the respective exchanges. They are convenient for users who frequently engage in buying, selling, and trading cryptocurrencies. However, it's important to note that exchange wallets are custodial in nature, meaning you rely on the exchange to hold and manage your private keys. This reduces your control over your funds compared to non-custodial wallets.

When using exchange wallets, it's crucial to consider the reputation, security measures, and trustworthiness of the exchange. Additionally, it's recommended to consider using separate wallets for long-term storage or larger amounts of cryptocurrency, as keeping funds on an exchange carries certain risks.

What are a private key and a public key?

example
example

In every transaction, here is a private key and a public key.

Does OKX use an exchange wallet?

How does exchange Wallet work?

Startup working on wallets?

The core technology in the company developing wallet?

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