What is the platform of the virtual currency wallet called?

The platforms of virtual currency wallets are collectively called cryptocurrency exchanges, including centralized exchanges (such as Binance, Huobi, etc.), decentralized exchanges (such as Uniswap, Pancakeswap, etc.), managed wallets (such as MetaMask, Trust Wallet, etc.) and non-custodial wallets (such as Electrum, Bitcoin Core, etc.).

Platform name of virtual currency wallet

The platform of virtual currency wallet is often called a cryptocurrency exchange or Digital currency exchange. The most common exchanges include:

1. Centralized exchange

• Binance
• Huobi
• ##OKX
##FTX
Coinbase
Centralized exchanges are owned and operated by a company, and users buy and sell virtual currencies on the platform. These exchanges typically offer a variety of trading pairs, high liquidity, and user-friendly interfaces.

2. Decentralized Exchange (DEX)

Uniswap
Pancakeswap
Sushiswap
1inch
Curve
DEX Unlike centralized exchanges, they are a decentralized platform powered by smart contracts. This allows users to trade virtual currencies directly without a middleman, improving security but reducing liquidity.

3. Hosted wallet

• MetaMask
• Trust Wallet
• Ledger
• Trezor
• Exodus

Escrow wallets hold the private keys to users’ cryptocurrencies by a third-party company. They often offer convenience and ease of use at the expense of security.

4. Non-custodial wallet

• Electrum
• Bitcoin Core
• Wasabi Wallet
• Samurai Wallet
• Ronin Wallet

Non-custodial Wallets store the private keys for cryptocurrencies on the user’s device. They offer greater security but require users to manage their own funds and private keys.

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