Exchange wallet vs non exchange?

technicalyawn

technicalyawn

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If a vendor asks that coin not be sent from an exchange site what do they mean exactly.

Cake Wallet would be an exchange I assume but what is a example of a secure wallet that doesn't include exchange?

I'm seeing Meta Mask, Trust, etc. Am I on the right track?

I'm using a Graphene OS phone if that helps.
 
Last edited:
technicalyawn said:
If a vendor asks that coin not be sent from an exchange site what do they mean exactly.

Cake Wallet would be an exchange I assume but what is a example of a secure wallet that doesn't include exchange?

I'm seeing Meta Mask, Trust, etc. Am I on the right track?

I'm using a Graphene OS phone if that helps.
Click to expand...
Cake wallet. Exodus. Safepal.
 
technicalyawn said:
If a vendor asks that coin not be sent from an exchange site what do they mean exactly.

Cake Wallet would be an exchange I assume but what is a example of a secure wallet that doesn't include exchange?

I'm seeing Meta Mask, Trust, etc. Am I on the right track?

I'm using a Graphene OS phone if that helps.
Click to expand...
revolut or coinbase would be an exchange as far as i know

electrum is just a wallet and a good one as im using it fine

so its better to buy the coin on the exchange & then send it to your own wallet (electrum or cake) & then send to vendor from there

Exchanges keep track of where u send coin to & can query or even freeze your account, your electrum wallet does not care one bit where your coins go to
 
fyjclol said:
Cake wallet. Exodus. Safepal.
Click to expand...
Thanks.
Sapele said:
revolut or coinbase would be an exchange as far as i know

electrum is just a wallet and a good one as im using it fine

so its better to buy the coin on the exchange & then send it to your own wallet (electrum or cake) & then send to vendor from there

Exchanges keep track of where u send coin to & can query or even freeze your account, your electrum wallet does not care one bit where your coins go to
Click to expand...
OK. Makes sense. Thank you.
 
This just bit me today for the first time in decades. An exchange froze me for 30 days, no trial...
 
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