There are several types of wallets available in the market. They can be of several types as follows
- Hardware
- Paper
- Mobile
- Desktop
- Web
Paper Wallets
A paper wallet is a piece of paper on which the public address and private address are printed, usually in the form of QR code. Public address is used to receive bitcoins, and the private address is used to send or transfer the bitcoins stored at that address. The paper wallet should be used securely and not revealed or lost. The paper wallet can be generated by using services like Bitcoinpaperwallet or Bitaddress, and then can be printed out.