Exchange wallet vs non exchange?

[technicalyawn]

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.

 

[fyjclol]

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.

Cake wallet. Exodus. Safepal.

 

[Sapele]

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.

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

 

[technicalyawn]

Cake wallet. Exodus. Safepal.

Thanks.

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

OK. Makes sense. Thank you.

 

[Chefman]

This just bit me today for the first time in decades. An exchange froze me for 30 days, no trial...

 

[fyjclol]

This just bit me today for the first time in decades. An exchange froze me for 30 days, no trial...

Yep. They like doin that.

 

[lhonline]

Use bitpay or phantom wallet. U make a private key. Store it safely. Send to your wallet first than to your favorite vendor

 

[cannedgoods]

Metamask, Trust, Cake, Electrum, Monero Gui wallet, ledger are all self custody wallets where you own the keys.