What are the differences between a Bitcoin exchange vs a Bitcoin wallet website?
Oliver 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 btc to skrill
for one thing else, however it'll give you with a billfold you'll be able to use to receive and send payments.
A purpose is to permit you to trade BTC for edict currency (or presumably alternative values), and contrariwise. 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 inexpensive quantity of your time, typically one week) to discourage you from exploitation them as your main bitcoin billfold as a result of storing massive amounts of bitcoin isn't their business (unike "dedicated" bitcoin wallets) and that they don't need to require the liability.