A Bitcoin wallet is like your bank account. You can send and receive money. There are several types of bitcoin wallets. You should know the categories well so that you can decide which fits you better.
1- Desktop wallets run on laptops and personal computers. Some popular types are: Armory, Multibit, Hive and mSIGNA.
2- Mobile wallets are both available for Android and IOS.
3- Online web wallets are provided on the cloud by third party wallet service companies. The wallets on these platforms
are only accessible through an internet connection. Coinbase, Circle and Bitgo are some popular online web wallets.
4- Physical wallets can cansecurely hold your bitcoins in cold storage form for a long time. These are just a piece of paper. You can generate from Bitaddress.org or Blockchain.info paper wallets. Once they are generated, you must print them on a paper.
5- Bitcoin Clients used by the profecionlas. These walltes download the blockchain and have access to the transactions directly. BitcoinQt and Electrum are some popular examples.
6- Hardware Wallets are small devices which can store your coins. Trezor and Ledger HW.1 are some popular examples.
