tp exchange tp wallet

TP Exchange and TP Wallet: What is the difference?

Short answer:

TP Exchange is a decentralized cryptocurrency trading platform, while TP Wallet is a non-custodial cryptocurrency wallet.

Detailed answer:

TP Exchange

• A peer-to-peer (P2P) cryptocurrency trading platform that allows Users transact directly on the blockchain on the platform without the need for a middleman.
• Offers a wide range of cryptocurrency pairs, including Bitcoin, Ethereum and other altcoins.
• Use advanced security protocols to protect users’ funds and personal information.
• A wide range of trading types and tools for both experienced traders and novices.
• A fee is charged for transactions, determined by the trading pair and transaction volume.

TP Wallet

• A non-custodial cryptocurrency wallet where the user controls the private key.
• Supports multiple cryptocurrencies, including Bitcoin, Ethereum, and other ERC-20 tokens.
• Provides security features such as biometrics and two-factor authentication.
• Allows users to store, send and receive cryptocurrency, and interact with decentralized applications (dApps).
• There are no fees for using the wallet itself, but there may be fees involved for interacting with dApps.

Main Differences:

• Purpose: TP exchange is used for trading cryptocurrencies while TP wallet is used for storage and managing cryptocurrencies.
• Custody: TP Exchange is a custodial platform, which means users entrust their funds to a third party, while TP Wallet is a non-custodial platform and users are fully responsible for their funds .
• Fees: TP exchanges charge fees for transactions, while TP wallets generally have no fees for usage, but interactions with dApps may involve fees.

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