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Buckets:
A bucket is a container (web folder) for objects (files) stored in Amazon S3. Every Amazon S3 object is contained in a bucket. Buckets form the top-level namespace for Amazon S3, and bucket names are global. This means that your bucket names must be unique across all AWS accounts, much like Domain Name System (DNS) domain names, not just within your own account. Bucket names can contain up to 63 lowercase letters, numbers, hyphens, and periods.
AWS Region:
Even though the namespace for Amazon S3 buckets is global, each Amazon S3 bucket is created in a specific region that you choose. This lets you control where your data is stored.You can create and use buckets that are located close to a particular set of end users or customers in order to minimize latency, or located in a particular region to satisfy data locality. You control the location of your data; data inan Amazon S3 bucket is stored in that region unless you explicitly copy it to another bucket located in a different region.