A crypto wallet lets you store your money as you would in a normal wallet. The only difference is that your crypto wallet stores cryptocurrencies, not cash. More precisely, it stores the private and public keys to your coins. You can’t put a crypto wallet in your pocket, however, because it’s a piece of software that interacts with the blockchain to send, receive, and keep track of your crypto assets.
There are two types of crypto wallet: hot and cold wallets. The difference depends on their connection to the internet. You can access a hot wallet directly through the internet, or via a device that has an internet connection. Cold wallets, on the other hand, exist offline, on devices that aren’t connected to the internet. Examples of cold wallets include USB drives, paper wallets, and even brain wallets. For more information on wallets, read this article: Cryptocurrency Wallets: How To Keep Your Coins Safe