Crypto wallets vs. exchanges
these days shows clear impacts on security, adoption, and regulation. Here’s a summary for all
🔑 Crypto Wallets (Self-Custody)
Impacts:
Security & Control – Users fully own their keys, reducing exchange hacking risk.
DeFi Growth – Wallets connect to DeFi, NFTs, GameFi → more innovation.
User Responsibility – Lost keys = lost funds (big challenge for mass adoption).
Privacy Demand – Rising adoption as users want more privacy vs. KYC exchanges.
🏦 Crypto Exchanges (Centralized)
Impacts:
Liquidity Hub – Easier trading, fast swaps, fiat on/off ramps.
Compliance & Reg