1. Cold Storage Wallets: Cold storage wallets are offline wallets that store a user’s private key on a physical device such as a USB drive or a hard drive. These wallets are ideal for users who want to store large amounts of cryptocurrency for long-term investment or storage.
2. Desktop Wallets: Desktop wallets are software programs that are installed directly onto a user’s computer. They provide a convenient way for users to store, send, and receive cryptocurrency.
3. Mobile Wallets: Mobile wallets are apps that can be downloaded to a user’s smartphone or tablet. These wallets allow users to make transactions quickly and easily.
4. Web Wallets: Web wallets, also known as online wallets, are hosted by third-party websites. These wallets provide users with easy access to their funds from any device with an internet connection.
5. Paper Wallets: Paper wallets are physical documents that contain a user’s public and private keys. These wallets can be used to store, send, and receive cryptocurrency, but are not recommended for large amounts of cryptocurrency.