Crypto wallet vs exchange serve different functions in the cryptocurrency ecosystem. A crypto wallet is designed for storing, sending, and receiving digital assets securely, providing users with private keys for asset control. Conversely, a cryptocurrency exchange facilitates the buying, selling, and trading of digital currencies, often acting as an intermediary. While wallets emphasize security and personal asset management, exchanges focus on market access and liquidity. Users need to understand these differences to choose the right tools for their crypto activities.