Overview of the Exchange and Web3 Wallet

The differences and connections between Exchange and Web3 Wallet

The OKX Exchange and the Web3 Wallet serve different functions and are designed for different use cases.

Checklist

How do I switch between Exchange and Web3 Wallet on the app?
Open the OKX app
On the homepage, locate the Exchange / Web3 switch at the top of the screen
Select Exchange to access trading, funding, and account features
Select Web3 to access your Web3 Wallet and on-chain features

Notes

The Exchange focuses on trading services, including spot trading, derivatives trading, and various Earn products. It's suitable for users who want to trade quickly and access centralized financial products.

The Web3 Wallet emphasizes self-custody, allowing users to manage their own private keys and interact directly with decentralized applications (DApps). It supports on-chain activities such as NFTs, BRC-20 tokens, and other Web3 ecosystems.

Assets in the Exchange account and the Web3 Wallet are managed separately and aren't automatically interoperable. However, the two services can complement each other. Some users choose to use both for different purposes, such as trading on the Exchange while managing on-chain assets in the Web3 Wallet.

The Exchange and the Web3 Wallet aren't mutually exclusive. As user needs evolve, integration between centralized trading services and decentralized wallet services continues to develop.