Both charcoal and wood can be used for a fire pit. Charcoal is a type of wood that’s been previously burned. The advantage of charcoal is that it’s a bit cheaper than wood, is much easier to predict and control, and is easy to store. On the other hand, wood is usually free of chemicals and provides a signature, fresh flavor much praise. Some of it is up to personal preference, but either may be used effectively as long as you watch carefully.