Is tp wallet considered an exchange?

TP wallet is different from an exchange in that it does not provide trading services. Its main functions include safekeeping of digital currencies, sending and receiving cryptocurrencies, and connecting to decentralized exchanges. The advantage of TP wallet is that it is a non-custodial wallet, which means users control their own funds and have high control over their assets. It is suitable for digital currency holders, DEX users and Web3 users.

TP wallet is not an exchange

TP wallet is a non-custodial digital currency wallet that allows users to store, send and Receive multiple cryptocurrencies. Unlike exchanges, TP Wallet does not provide trading services.

Difference from exchanges

• Non-custodial: TP wallet does not host the user’s funds, and the user controls the private key of the funds themselves.
• No trading available: TP wallet cannot execute transactions, users need to connect to a decentralized exchange (DEX) to trade.
• Asset custody: The exchange holds the user’s funds, while the TP wallet simply provides a tool to store and manage funds.

Function of TP wallet

TP wallet mainly provides the following functions:

• Custody of digital currencies: Supports multiple digital currencies, including Bitcoin, Ethereum, USDT, etc.
• Send and Receive: Allows users to send and receive cryptocurrencies between different wallet addresses.
• Connect to DEX: Integrate multiple DEX, allowing users to trade directly from the wallet.
• Manage Assets: Provides asset management tools such as tracking balances, transaction records and market information.

Suitable for people

TP wallet is suitable for the following people:

• Digital currency holders: Individuals who wish to securely store and manage digital currency.
• DEX Users: Users who want to trade cryptocurrencies on DEX and maintain control of their assets.
• Web3 Users: Users who want to use blockchain-based decentralized applications.

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