What are the differences between a Bitcoin exchange vs a Bitcoin wallet website?
Christopher A bitcoin wallet's main purpose is to permit you to store your bitcoin and use them, by receiving and emitting transactions. It will not directly permit you to exchange your bitcoin for one thing else, however, it'll give you with a notecase you'll be able to use to receive and send payments.
A bitcoin exchange's purpose is to permit you to trade BTC for edict currency (or probably alternative values), and the other way around. bitcoin to paypal
plays impotant rule in this section.Most of them technically are also bitcoin wallets, however some implement mechanisms (for example a "tax" on any bitcoin you store for extended than an affordable quantity of your time, usually one week) to discourage you from victimization them as your main bitcoin notecase as a result of storing massive amounts of bitcoin isn't their business (unike "dedicated" bitcoin wallets) and that they don't desire to require the liability.