While the former offers a platform through which bitcoin buyers and sellers can transact with each other, the latter is simply a digital storage service for bitcoin holders to store their private crypto keys securely.
Note that a Bitcoin exchange is different from a Bitcoin wallet. While the former offers a platform through which bitcoin buyers and sellers can transact with each other, the latter is simply a digital storage service for bitcoin holders to store their private crypto keys securely. Most Bitcoin exchanges provide wallets for their users but may charge a fee for this service.