Desktop wallet: This will enable one to store the private key in one's hard drive.
Mobile wallets: All one needs a smartphone, and one can use it to pay for stuff online.
Web wallets: This will store one's private key online. This one is not recommended as the chances of getting hacked are quite high.
Paper wallets: As the name suggests, the private key is printed out and stored in a safe place.
Hardware wallets: In this type of wallet, the private key is stored in a physical device. This is the perfect option for those who deal with huge amounts and would like to keep their coins safe from hackers.
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