There are five main types of wallets for storing cryptocurrencies:
1. Desktop Wallets – these wallets are installed on a user’s computer and are only accessible from that device.
2. Mobile Wallets – these wallets are apps that are downloaded to a user’s smartphone.
3. Online Wallets – these wallets exist on cloud servers and can be accessed from any internet-enabled device.
4. Hardware Wallets – these wallets are physical devices that store cryptos on USB-like devices.
5. Paper Wallets – these wallets are printed out paper copies of private keys and public keys.