Bitcoin wallet is use to store bitcoin. It comes in different forms, it can be a program you can install on your computer, a hardware or a cloud website that offers a free membership to use their site as your bitcoin storage. There are different types of bitcoin wallets.
Type of Bitcoin Wallets
1. Hot and Cold Bitcoin Wallet
Hot bitcoin wallets are online wallets you can access using the internet. This type of wallet usually a cloud wallet site. You will need to register an account and you will have an online wallet. Cold wallets are use offline. This wallet is usually install in a desktop computer. Registration is not needed but you need to update your wallet regullary.
2. Desktop Wallets
Desktop wallets are usually downloaded and installed in your laptop or computer. You can use it even without internet connection. But when receiving funds you need to be connected into the internet. There are many desktop wallet for almost any operating system like Ubuntu, Windows and Mac. Here are some bitcoin wallets you can choose from.
3. Mobile Wallets
Mobile wallets are bitcoin wallets that can be use using your mobile phones. You can easily access your wallet anytime anywhere by using your phone. Blockchain is a popular mobile wallet for Android and IOS. Blackberry bitcoin wallet is also available and you can download it here.
4. Online Web Wallets
Online web wallets are cloud bitcoin wallets provided by websites that offers free regsitration and free services as well. One of the oldest online web wallets is Coinbase. You can also store your ethereum and litecoin with only one account. Another one is Cryptopay you can use to store bitcoin. Members can request for an ATM card to convert your bitcoin into cash and withdraw it using and ATM machine. There is cloud wallets that offers multiple cryptocurrencies in one account. Cryptonator allows members to store their bitcoin, litecoin, dogecoin, dash, peercoin, primecoin, blackcoin etc. in just one account.
5. Physical Wallets
Physical wallets pertains to paper wallets which can be use as cold storage for bitcoin. In order to generate a paper wallet, you use sites such blockchain or bitaddress. Once they are generated, you print them out on paper.
6. Bitcoin Clients
Bitcoin Clients are the first and the original bitcoin wallets used by the pioneers of the currency. Computers installed with these wallets form part of the core network and thus have access to all transactions on the blockchain. BitcoinQt, was the first ever built bitcoin client wallet.
7. Hardware Wallets
Hardware Wallets are like your money wallet you can carry, but it has the ability to connect to the blockchain and received and send bitcoin. It needs to be connected to the internet to process transactions. Trezor and Ledger HW1 are some exampe of hardware wallets.