For desktop.
They are the most popular wallets because they are easy to install and maintain and are available for Windows, Linux and Mac. Most cryptocurrencies have their own official desktop wallet specially designed for their currency.
Be careful, when you install a wallet for PC you will receive a private key in the form of a list of words that you must keep very well in case it is necessary to format your system and reinstall the wallet.
Advantage:
-Easy to install
-High level of security (only accessible from the computer it is installed on)
Disadvantages:
The safety of your team depends on you. If the PC is affected, your wallet is not safe.
Online wallets.
These wallets run in the cloud and are very easy to configure. One of the most popular is Metamask, an extension wallet for Chrome, Mozilla and Opera that you can install from here.
Advantage:
-Accessible from any device.
-No possible loss.
-They are usually on very secure servers owned by the companies that manage them.
Disadvantages:
The large volume of wallets hosted on the same server is an attractive factor for hackers and, in fact, hacks occur almost every week.
Some have a cost per transaction.
For smartphone.
Here are two types: wallet for Android and wallet for iOS. Both are similar to the desktop wallet. The only difference is that the wallet is in a smartphone app that you must download and install.
Advantage:
-They are easier to use.
-They allow the QR code scanning of other wallets to make transactions faster.
Disadvantages:
Losing your smarthone and allowing anyone to access your funds.
Hardware wallet.
They're also similar to cryptocurrency wallets for PCs, only they add an extra layer of security by keeping the private key on a particular USB pen or hardware.
Advantage:
-You can connect to any PC, log in and then unplug and leave.
Disadvantages:
-USB security is up to you and backups are essential.
Popular hardware type wallet: Ledger, Trezor.
Paper wallet.
The paper wallet or paper wallet goes one step further in terms of security: with them you print your public and private keys (it is usually a QR code) and use it as a purse. To make money transfers you will have to send it to a software and from there to the recipient's wallet, that is, with an intermediate step in the process.
Advantage:
They are the safest cryptocurrency wallets.
Disadvantages:
They are more complex to use (you generate your keys and transactions from software)
