How are the Private Key Wallet and Trading Account Different?

Your Private Key Wallet and Trading Account 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 Private Key Wallet?

You will always be able to send, receive, and store crypto with your Blockchain.com Wallet’s Private Key Wallet. You can:

  • Send to any external address and receive from any external address
  • Swap to and from your Private Key Wallet
  • Transfer to and withdraw from your Rewards account
  • Send to, and receive from, your Trading Account

What can I do with my Trading Account?

  • Store your crypto
  • Sell your crypto
  • Use your cash balance to buy crypto
  • Swap to and from your Trading Account balance, for faster settlement, and reduced or eliminated network fees
  • Transfer to and withdraw from your Rewards account
  • Send crypto from your Private Key Wallet to your Trading Account, withdraw crypto from your Trading Account to your Private Key Wallet, or send crypto from your Trading Account 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 Private Key Wallet offers this benefit to you. When Swapping to and from your Private Key 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 Account 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 Account. You can learn more about the technical differences between the two here.

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