The platform: a place to buy and sell cryptocurrencies, like Binance. While trading, your money is under the management of the platform.
The wallet: a place to securely store cryptocurrencies, giving you full control over your funds. It can be hot online or cold offline.
The platform is for trading and investing money, and the wallet is for secure storage.
You can create a decentralized wallet (not affiliated with any platform, but solely for you) to store funds on Binance as well.
We continue to explain the basic concepts of digital currencies.
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