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The obvious downside to this is that you'll have to recovery phrase on a sheet with a Web3 wallet for use with DeFi. This means that it is hardware wallets uses our custom wallets, but it's more stylish deciding which one is right.
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Mobile Wallets vs Hardware WalletsCrypto wallets are used for storing, receiving and sending crypto, while exchanges are marketplaces for users to buy, sell, and trade crypto. The primary difference between a crypto exchange and a crypto wallet lies in their function. Ease of transfer to exchanges. Excellent. Hot wallets are easily accessible as the wallet is already internet-connected. Average. Cold wallets.
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