Types of Crypto Wallets:
Software Wallets: These wallets are software applications installed on computers, smartphones, or other devices. They can be further categorized into:
Desktop Wallets: Installed on a user's computer or laptop.Mobile Wallets: Designed for smartphones and offer portability.Web Wallets: Accessed through a web browser, typically offered by cryptocurrency exchanges.
Hardware Wallets: These wallets are physical devices designed specifically for storing cryptocurrencies securely. They provide an additional layer of protection by keeping the private keys offline, away from potential online threats.
Paper Wallets: A paper wallet is a physical printout or written record of a user's private and public keys. It is considered an offline or cold storage option for cryptocurrencies.