Qual è la differenza tra Thanks for your advice. e Thanks for the tip. ?Sentiti libero di rispondere con un esempio.

tip has two meanings. Advice only has one meaning.

Tip:
1) tell someone some information that can help them.
2) money that a customer gives an employee to thank them for their service

Advice:
1) tell someone some information that can help them.

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The difference between tip 1 and advice 1 is this:

Advice is an opinion about how someone should act in a practical situation.
Tip can also mean advice, but it is more informal. Tip also can mean advanced or confidential information given to someone.

example:
My advice is for you to work harder and stop playing computer games.

Let me give you a tip on how to solve this question.