So to reiterate – set up an account with any reputable Bitcoin Exchange. This account will not be anonymous. It requires a real name, address, date of birth, and payment method (credit/debit card, bank account, PayPal, etc.). Buy your coins with this exchange wallet. Then, look for a Send option. When asked where you’d like to send coins it, enter the Wallet ID for your private wallet. Wait for the SMS notification and then check your crypto wallet to claim your free Bitcoin 😎 If the wallet provider doesn’t share up to date code, our analysis stops ethereum bitcoin wallets there as the wallet could steal your funds at any time, and there is no protection except the provider’s word. So, there is no answer to the question of why you should use a wallet because you don’t have another choice, whether we’re talking about a private or an exchange wallet.