Functionality differences between the Wallet and Trading Wallet - What can I do with my Wallet and Trading Wallet?

Your Wallet and Trading Wallet put more power in your hands, and you can perform important functions with both. Due to their technical differences (more detail on these can be found here), there are also differences between what you can do with each.

What can I do with my Wallets?

You will always be able to send, receive, and store crypto with your Blockchain.com Wallet’s non-custodial Wallets. You can:

  • Send to any external address and receive from any external address
  • Swap to and from your Wallets
  • Transfer to and withdraw from your Interest account
  • Send collateral and receive a loan with Borrow
  • Send to, and receive from, your Trading Wallet

What can I do with my Trading Wallets?

  • Store your crypto
  • Sell your crypto
  • User your cash balance to buy crypto
  • Swap to and from your Trading Wallet balance, for faster settlement, and reduced or eliminated network fees
  • Transfer to and withdraw from your Interest account
  • Send crypto from your Wallet to your Trading Wallet, or withdraw crypto from your Trading Wallet to your Wallet in order to send to an external address

The Benefits of Each

If it is important to you to hold your crypto non-custodially and retain full and sole control of your private keys, your Wallet offers this benefit to you. When Swapping to and from your Wallet, for instance, the Swap is settled on-chain, and your funds are sent from and received to your non-custodial balance.

Using your Trading Wallet provides the benefits of faster settlement times, no transaction/network fees, and better reliability, as these transactions are not subject to cryptocurrency network congestion, fee volatility, or potentially delays in confirmation. If faster settlement times and lower fees are important to you, you will love the benefits of using your Trading Wallet. You can learn more about the technical differences between the two here.

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request

Comments

Article is closed for comments.