Understanding CryptoCurrency Wallet Types

What Are the Different Types of CryptoCurrency Wallets?

Cryptocurrency wallets fall into two broad categories known as, Software or Hot wallets and Hardware or Cold wallets.

A Hot wallet is a software application that you run from your web browser, or install to your computer, tablet or smartphone device.
Examples:
a) Exodus, Atomic, Gemini wallet (browser style & smartphone app)
b) Keplr, Metamask (browser extension)

A Cold wallet is a hardware device that stores the Private Keys offline. In other words, no direct exposure to the internet.
There are two main types of Cold wallets.

a) Paper or metal wallets.
Examples:
1) QR code printed on paper with an offline computer and printer
2) Steel coins with a QR code for the public address, and a private key hidden under a sticker
3) The Ballet wallet which combines security features on a steel card and works with a companion application.

b) Hardware device wallets
Examples:
1) Ledger Nano device
2) Trezor device
This is only a tiny sample of the possible wallets applications and devices available.

Please do your own research before deciding on which wallet to use.