Now that you saw how to create your own private wallet, let's create a wallet hosted in an exchange such as Coinbase where you can buy and sell cryptocurrencies directly. Note that these types of wallets are not secure because the exchange keeps your private keys and seed phrases to themselves, so you can't have total control of your wallet, nor secure it by yourself.
One of the advantages of these type of wallets is that you can exchange your cryptocurrency for money almost immediately without having to wait for transfers. This is ideal for traders that need quick access to their funds. The major problem with this is the lack of control, given that you provide them with your keys and you're dependent on ...
